Sealed Air (NYSE:SEE) Upgraded at StockNews.com

StockNews.com upgraded shares of Sealed Air (NYSE:SEE) from a hold rating to a buy rating in a research note released on Wednesday morning.

Several other research analysts have also recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. UBS Group lowered their price target on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. 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 report on Monday, January 6th. Wells Fargo & Company decreased 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, Mizuho decreased their target price on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Sealed Air Trading Down 2.2 %

Shares of SEE stock opened at $32.32 on Wednesday. The company’s 50-day moving average price is $34.25 and its 200-day moving average price is $34.92. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 11.88 and a beta of 1.34. Sealed Air has a twelve month low of $30.87 and a twelve month high of $41.14.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.48%. Sealed Air’s dividend payout ratio (DPR) is presently 29.41%.

Institutional Trading of Sealed Air

Institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Sealed Air during the fourth quarter worth about $27,000. Manchester Capital Management LLC increased its stake in shares of Sealed Air by 139.4% during the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock worth $41,000 after buying an additional 700 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sealed Air during the fourth quarter worth approximately $45,000. GAMMA Investing LLC increased its stake in shares of Sealed Air by 218.0% during the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock worth $45,000 after buying an additional 907 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Sealed Air by 89.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company’s stock worth $51,000 after buying an additional 712 shares during the period. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

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.