Mizuho Cuts Sealed Air (NYSE:SEE) Price Target to $36.00

Sealed Air (NYSE:SEE) had its price target decreased by analysts at Mizuho from $39.00 to $36.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. Mizuho’s price objective points to a potential upside of 2.36% from the company’s current price.

SEE has been the subject of a number of other reports. Truist Financial upgraded Sealed Air from a “hold” rating to a “buy” rating and upped their target price for the company from $39.00 to $44.00 in a research report on Monday, April 8th. Wells Fargo & Company raised shares of Sealed Air from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $35.00 to $43.00 in a research report on Thursday, January 11th. Finally, Wolfe Research started coverage on shares of Sealed Air in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $43.91.

Sealed Air Price Performance

Shares of NYSE SEE opened at $35.17 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.79 and a debt-to-equity ratio of 7.49. The firm has a market cap of $5.12 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 3.83 and a beta of 1.31. The business’s 50 day moving average is $34.34 and its 200-day moving average is $34.37. Sealed Air has a 1-year low of $28.50 and a 1-year high of $47.12.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. Sealed Air’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.74 earnings per share. Equities research analysts predict that Sealed Air will post 2.8 earnings per share for the current year.

Institutional Investors Weigh In On Sealed Air

Institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC raised its stake in shares of Sealed Air by 2,549.6% during the fourth quarter. Hsbc Holdings PLC now owns 5,340,247 shares of the industrial products company’s stock valued at $195,720,000 after acquiring an additional 5,138,700 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Sealed Air in the fourth quarter valued at $86,410,000. Invesco Ltd. raised its position in Sealed Air by 70.1% during the 3rd quarter. Invesco Ltd. now owns 5,238,340 shares of the industrial products company’s stock worth $172,132,000 after purchasing an additional 2,159,143 shares during the last quarter. Norges Bank acquired a new position in shares of Sealed Air in the fourth quarter worth approximately $52,968,000. Finally, Principal Financial Group Inc. boosted its holdings in Sealed Air by 343.8% in the fourth quarter. Principal Financial Group Inc. now owns 751,699 shares of the industrial products company’s stock valued at $27,452,000 after acquiring an additional 582,331 shares during the last quarter. 94.40% of the stock is owned by 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.