UBS Group Cuts Sealed Air (NYSE:SEE) Price Target to $37.00

Sealed Air (NYSE:SEE) had its target price dropped by equities researchers at UBS Group from $39.00 to $37.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. UBS Group’s price target would suggest a potential upside of 11.18% from the stock’s current price.

Several other equities analysts have also recently issued reports on SEE. Citigroup decreased their price objective on Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Monday. Raymond James upgraded Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research note on Thursday, October 17th. Royal Bank of Canada decreased their price objective on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company decreased their target price on Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sealed Air presently has an average rating of “Moderate Buy” and an average target price of $40.08.

Sealed Air Trading Down 1.2 %

Shares of NYSE:SEE traded down $0.40 during midday trading on Friday, reaching $33.28. 563,488 shares of the company’s stock were exchanged, compared to its average volume of 1,022,257. The firm’s 50 day simple moving average is $35.35 and its two-hundred day simple moving average is $35.22. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 4.97 and a beta of 1.34. Sealed Air has a fifty-two week low of $30.87 and a fifty-two week high of $41.14.

Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the business posted $0.77 EPS. Sealed Air’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that Sealed Air will post 3.06 EPS for the current fiscal year.

Institutional Trading of Sealed Air

A number of institutional investors have recently modified their holdings of the business. Empowered Funds LLC purchased a new stake in shares of Sealed Air in the third quarter valued at $1,497,000. Maple Rock Capital Partners Inc. increased its stake in Sealed Air by 56.6% in the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock valued at $55,085,000 after purchasing an additional 548,493 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in Sealed Air by 1.4% in the second quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company’s stock valued at $64,571,000 after purchasing an additional 24,940 shares during the last quarter. Commerce Bank increased its stake in Sealed Air by 67.6% in the third quarter. Commerce Bank now owns 36,601 shares of the industrial products company’s stock valued at $1,329,000 after purchasing an additional 14,766 shares during the last quarter. Finally, MQS Management LLC acquired a new position in Sealed Air in the second quarter valued at $514,000. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Company Profile

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.