Sealed Air Corporation (NYSE:SEE) Given Average Rating of “Moderate Buy” by Brokerages

Sealed Air Corporation (NYSE:SEE) has been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $43.4167.

Several brokerages have weighed in on SEE. Stifel Nicolaus restated a “hold” rating and set a $45.00 price target (up previously from $43.80) on shares of Sealed Air in a report on Monday, November 17th. Truist Financial raised their target price on shares of Sealed Air from $45.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Raymond James Financial downgraded shares of Sealed Air from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Wall Street Zen downgraded shares of Sealed Air from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $42.00 price objective (down from $45.00) on shares of Sealed Air in a research report on Thursday, December 18th.

Hedge Funds Weigh In On Sealed Air

Hedge funds have recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Sealed Air by 1.8% in the fourth quarter. State Street Corp now owns 5,189,176 shares of the industrial products company’s stock valued at $214,988,000 after buying an additional 92,355 shares during the last quarter. Invesco Ltd. increased its position 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 acquiring an additional 1,144,982 shares during the period. Bank of America Corp DE increased its position in Sealed Air by 13.7% in the 2nd quarter. Bank of America Corp DE now owns 4,220,533 shares of the industrial products company’s stock valued at $130,963,000 after acquiring an additional 507,067 shares during the period. Norges Bank purchased a new stake in Sealed Air during the 4th quarter valued at approximately $149,948,000. Finally, Ancora Advisors LLC lifted its position in Sealed Air by 81.1% during the 3rd quarter. Ancora Advisors LLC now owns 3,437,412 shares of the industrial products company’s stock worth $121,513,000 after acquiring an additional 1,538,927 shares during the period. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Sealed Air Trading Down 0.0%

Shares of SEE stock opened at $41.95 on Monday. Sealed Air has a fifty-two week low of $22.78 and a fifty-two week high of $44.27. The company has a 50 day moving average price of $41.67 and a 200 day moving average price of $37.39. The stock has a market capitalization of $6.18 billion, a P/E ratio of 13.62 and a beta of 1.35. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.75 and a current ratio of 1.29.

Sealed Air Company Profile

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.