Mizuho Issues Pessimistic Forecast for Sealed Air (NYSE:SEE) Stock Price

Sealed Air (NYSE:SEE) had its price objective decreased by equities research analysts at Mizuho from $45.00 to $42.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price objective would suggest a potential upside of 22.45% from the stock’s previous close.

SEE has been the topic of several other research reports. Truist Financial upped their price target on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company cut their target price on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Monday. Citigroup lowered their price target on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Monday. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. Finally, Bank of America lowered their target price on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.17.

Sealed Air Price Performance

NYSE:SEE traded up $0.32 during mid-day trading on Tuesday, reaching $34.30. 158,028 shares of the company were exchanged, compared to its average volume of 902,242. 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 has a market cap of $5.00 billion, a PE ratio of 12.61, a PEG ratio of 4.97 and a beta of 1.34. Sealed Air has a 12 month low of $30.87 and a 12 month high of $41.14. The company has a fifty day moving average of $35.49 and a 200 day moving average of $35.26.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. Sealed Air’s revenue was down 2.7% compared to the same quarter last year. On average, research analysts anticipate that Sealed Air will post 3.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Sealed Air

Several institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC lifted its holdings in shares of Sealed Air by 38.2% in the second quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock valued at $143,136,000 after purchasing an additional 1,136,985 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Sealed Air in the 3rd quarter valued at approximately $139,800,000. Geode Capital Management LLC lifted its stake in Sealed Air by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock valued at $83,542,000 after acquiring an additional 12,559 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Sealed Air by 33.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company’s stock worth $66,475,000 after acquiring an additional 479,675 shares during the last quarter. Finally, Deprince Race & Zollo Inc. grew its stake in shares of Sealed Air by 1.4% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company’s stock worth $64,571,000 after acquiring an additional 24,940 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

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.