Sealed Air (NYSE:SEE) Price Target Raised to $44.00 at Truist Financial

Sealed Air (NYSE:SEE) had its target price increased by research analysts at Truist Financial from $41.00 to $44.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price target points to a potential upside of 30.49% from the stock’s current price.

A number of other research firms also recently issued reports on SEE. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada lowered their price objective on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 17th. Finally, Raymond James raised shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Sealed Air currently has a consensus rating of “Moderate Buy” and an average target price of $41.27.

Sealed Air Price Performance

Shares of NYSE:SEE opened at $33.72 on Monday. Sealed Air has a fifty-two week low of $30.87 and a fifty-two week high of $41.14. The company’s 50-day moving average is $35.54 and its 200 day moving average is $35.27. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The company has a market capitalization of $4.91 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 4.97 and a beta of 1.34.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share 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 firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the company earned $0.77 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities research analysts forecast that Sealed Air will post 3.06 earnings per share for the current year.

Institutional Trading of Sealed Air

Large investors have recently modified their holdings of the business. Empowered Funds LLC bought a new stake in Sealed Air during the third quarter valued at approximately $1,497,000. Maple Rock Capital Partners Inc. lifted its holdings in shares of Sealed Air by 56.6% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock worth $55,085,000 after acquiring an additional 548,493 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in Sealed Air by 1.4% in the second quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company’s stock worth $64,571,000 after acquiring an additional 24,940 shares in the last quarter. Commerce Bank increased its stake in Sealed Air by 67.6% in the third quarter. Commerce Bank now owns 36,601 shares of the industrial products company’s stock valued at $1,329,000 after acquiring an additional 14,766 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in Sealed Air during the second quarter valued at about $514,000. 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.