Sealed Air (NYSE:SEE) Downgraded by Wall Street Zen to “Buy”

Sealed Air (NYSE:SEE) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.

A number of other analysts have also recently weighed in on SEE. Weiss Ratings restated a “hold (c)” rating on shares of Sealed Air in a report on Thursday. Mizuho raised their price objective on Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $50.00 target price (up from $39.00) on shares of Sealed Air in a research report on Friday, October 17th. UBS Group increased their price target on Sealed Air from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, Citigroup boosted their price objective on Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Sealed Air has a consensus rating of “Moderate Buy” and an average price target of $42.64.

Sealed Air Stock Up 1.9%

Shares of SEE stock opened at $43.32 on Friday. Sealed Air has a 1 year low of $22.78 and a 1 year high of $44.27. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19. The business’s fifty day moving average is $35.00 and its 200-day moving average is $32.56. The stock has a market cap of $6.37 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.40 and a beta of 1.38.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.19. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. Equities 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 bought and sold shares of the business. Alberta Investment Management Corp bought a new position in shares of Sealed Air during the 1st quarter worth about $46,127,000. Ancora Advisors LLC raised its holdings in shares of Sealed Air by 81.1% in the 3rd quarter. Ancora Advisors LLC now owns 3,437,412 shares of the industrial products company’s stock worth $121,513,000 after buying an additional 1,538,927 shares in the last quarter. Norges Bank bought a new position in shares of Sealed Air during the 2nd quarter worth approximately $37,434,000. Invesco Ltd. boosted its stake in Sealed Air by 31.7% in the 3rd quarter. Invesco Ltd. now owns 4,754,668 shares of the industrial products company’s stock valued at $168,078,000 after buying an additional 1,144,982 shares in the last quarter. Finally, Woodline Partners LP bought a new stake in Sealed Air in the first quarter valued at $17,711,000. Institutional investors and hedge funds 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.