Sealed Air (NYSE:SEE) Stock Rating Lowered by Baird R W

Sealed Air (NYSE:SEE) was downgraded by research analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price target (up from $43.80) on shares of Sealed Air in a report on Monday, November 17th. Citigroup boosted their target price on Sealed Air from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Raymond James Financial reiterated a “strong-buy” rating and issued a $50.00 target price (up from $39.00) on shares of Sealed Air in a report on Friday, October 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sealed Air in a research note on Monday. Finally, Royal Bank Of Canada upped their target price on shares of Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.77.

Sealed Air Stock Performance

Shares of SEE opened at $41.29 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.75 and a debt-to-equity ratio of 3.34. The firm’s fifty day simple moving average is $38.79 and its two-hundred day simple moving average is $34.42. Sealed Air has a 12 month low of $22.78 and a 12 month high of $44.27. The stock has a market capitalization of $6.07 billion, a P/E ratio of 13.40 and a beta of 1.35.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.19. Sealed Air had a return on equity of 54.90% and a net margin of 8.52%.The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. As a group, analysts predict that Sealed Air will post 3.05 EPS for the current year.

Institutional Investors Weigh In On Sealed Air

Hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in shares of Sealed Air by 31.7% in the third quarter. Invesco Ltd. now owns 4,754,668 shares of the industrial products company’s stock worth $168,078,000 after acquiring an additional 1,144,982 shares during the period. Bank of America Corp DE boosted its stake in Sealed Air by 13.7% in the 2nd quarter. Bank of America Corp DE now owns 4,220,533 shares of the industrial products company’s stock worth $130,963,000 after purchasing an additional 507,067 shares during the period. Ancora Advisors LLC grew its holdings in Sealed Air by 81.1% during the 3rd quarter. Ancora Advisors LLC now owns 3,437,412 shares of the industrial products company’s stock valued at $121,513,000 after buying an additional 1,538,927 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Sealed Air by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,900,066 shares of the industrial products company’s stock valued at $102,513,000 after buying an additional 137,699 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Sealed Air by 2.1% in the third quarter. Victory Capital Management Inc. now owns 2,798,654 shares of the industrial products company’s stock worth $98,932,000 after buying an additional 57,511 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

About Sealed Air

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.