Sealed Air (NYSE:SEE) Price Target Cut to $42.00 by Analysts at Mizuho

Sealed Air (NYSE:SEE) had its price objective trimmed by Mizuho from $45.00 to $42.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

SEE has been the topic of a number of other research reports. Citigroup lowered their price target on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday. Truist Financial lifted their price target on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company reduced their price objective on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday. 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. Finally, Royal Bank of Canada cut their target price on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Seven 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.17.

Sealed Air Price Performance

Shares of SEE opened at $33.71 on Tuesday. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The company’s fifty day moving average price is $35.35 and its 200-day moving average price is $35.22. Sealed Air has a 1-year low of $30.87 and a 1-year high of $41.14. The firm has a market capitalization of $4.91 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 4.97 and a beta of 1.34.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the firm posted $0.77 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities research analysts predict that Sealed Air will post 3.06 EPS for the current year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Friday, December 6th. Sealed Air’s dividend payout ratio (DPR) is currently 29.41%.

Institutional Trading of Sealed Air

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Sealed Air in the second quarter valued at about $34,000. GAMMA Investing LLC boosted its holdings in Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 907 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Sealed Air by 523.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock valued at $101,000 after buying an additional 2,445 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Sealed Air in the 2nd quarter valued at approximately $105,000. Finally, Quarry LP increased its holdings in shares of Sealed Air by 230.1% during the 2nd quarter. Quarry LP now owns 3,390 shares of the industrial products company’s stock worth $118,000 after buying an additional 2,363 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

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.