Sealed Air (NYSE:SEE) Price Target Lowered to $38.00 at Morgan Stanley

Sealed Air (NYSE:SEE) had its price target decreased by Morgan Stanley from $39.00 to $38.00 in a report published on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the industrial products company’s stock.

Several other analysts also recently weighed in on SEE. Truist Financial upped their price objective on Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Citigroup reduced their price target on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Mizuho lowered their price objective on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company cut their target price on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Bank of America decreased their target price on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Sealed Air Trading Up 1.6 %

Shares of Sealed Air stock opened at $34.51 on Monday. The firm’s 50-day moving average price is $35.18 and its two-hundred day moving average price is $35.18. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 7.98 and a beta of 1.34. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. Sealed Air has a 12-month low of $30.87 and a 12-month high of $41.14.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the firm posted $0.77 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, analysts forecast that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Institutional Trading of Sealed Air

Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its stake in shares of Sealed Air by 5.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 16,199 shares of the industrial products company’s stock valued at $564,000 after purchasing an additional 788 shares during the last quarter. Choreo LLC bought a new stake in Sealed Air during the second quarter valued at $338,000. American Century Companies Inc. grew its holdings in Sealed Air by 4.8% during the 2nd quarter. American Century Companies Inc. now owns 31,877 shares of the industrial products company’s stock worth $1,109,000 after acquiring an additional 1,468 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Sealed Air by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 553,230 shares of the industrial products company’s stock worth $19,247,000 after acquiring an additional 27,554 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Sealed Air by 33.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company’s stock valued at $66,475,000 after purchasing an additional 479,675 shares during the period. 94.40% of the stock is currently owned by institutional investors.

Sealed Air Company Profile

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.