Morgan Stanley Has Lowered Expectations for Sealed Air (NYSE:SEE) Stock Price

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

Several other analysts also recently commented on SEE. Bank of America reduced their price target on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada reduced their price objective on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Raymond James upgraded shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price for the company in a report on Thursday, October 17th. Truist Financial raised their price objective on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Sealed Air Price Performance

NYSE:SEE opened at $33.62 on Monday. Sealed Air has a 52 week low of $30.87 and a 52 week high of $41.14. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The stock’s fifty day moving average is $35.23 and its two-hundred day moving average is $35.18. The company has a market capitalization of $4.90 billion, a P/E ratio of 12.36, a P/E/G 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. Sealed Air’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share. Equities analysts expect that Sealed Air will post 3.06 EPS for the current year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.38%. The ex-dividend date was Friday, December 6th. Sealed Air’s dividend payout ratio (DPR) is presently 29.41%.

Hedge Funds Weigh In On Sealed Air

Institutional investors have recently bought and sold shares of the stock. Quarry LP boosted its position in Sealed Air by 9.2% during the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 311 shares during the period. Everence Capital Management Inc. boosted its position in shares of Sealed Air by 2.8% in the third quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 380 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Sealed Air by 4.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company’s stock valued at $326,000 after acquiring an additional 380 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of Sealed Air by 3.4% during the 3rd quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company’s stock worth $509,000 after acquiring an additional 466 shares during the period. Finally, Mount Yale Investment Advisors LLC grew its position in Sealed Air by 1.3% in the second quarter. Mount Yale Investment Advisors LLC now owns 36,643 shares of the industrial products company’s stock valued at $1,275,000 after acquiring an additional 467 shares during the period. Hedge funds and other 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.