Sealed Air (NYSE:SEE – Get Free Report) had its target price lifted by equities research analysts at Mizuho from $34.00 to $37.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “outperformer” rating on the industrial products company’s stock. Mizuho’s price target points to a potential upside of 19.29% from the company’s current price.
Other analysts have also recently issued research reports about the company. UBS Group lifted their price target on Sealed Air from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Wall Street Zen raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Citigroup raised their price objective on Sealed Air from $33.00 to $37.00 and gave the company a “buy” rating in a report on Friday, July 11th. Raymond James Financial lowered their target price on Sealed Air from $42.00 to $36.00 and set a “strong-buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Truist Financial lifted their target price on shares of Sealed Air from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.27.
Get Our Latest Stock Report on SEE
Sealed Air Trading Up 0.0%
Sealed Air (NYSE:SEE – Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.14. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Sealed Air had a return on equity of 65.49% and a net margin of 5.55%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. Sell-side analysts expect that Sealed Air will post 3.05 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Sealed Air
A number of institutional investors have recently made changes to their positions in SEE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Sealed Air during the fourth quarter valued at about $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Sealed Air during the 1st quarter valued at $26,000. North Capital Inc. purchased a new stake in Sealed Air in the 1st quarter worth about $30,000. Brown Brothers Harriman & Co. lifted its position in shares of Sealed Air by 89.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 712 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Sealed Air by 98.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company’s stock valued at $53,000 after buying an additional 778 shares during the period. 94.40% of the stock is currently 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.
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