Sealed Air Corporation (NYSE:SEE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Sealed Air Corporation (NYSE:SEE) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $43.4167.

SEE has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Sealed Air in a report on Monday, December 29th. Wall Street Zen lowered Sealed Air from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Morgan Stanley upped their price target on Sealed Air from $31.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Truist Financial lifted their price objective on Sealed Air from $45.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada upped their target price on Sealed Air from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th.

Institutional Trading of Sealed Air

A number of large investors have recently made changes to their positions in SEE. Brighton Jones LLC purchased a new position in Sealed Air in the 4th quarter valued at about $737,000. Royal Bank of Canada boosted its position in Sealed Air by 21.4% during the first quarter. Royal Bank of Canada now owns 118,808 shares of the industrial products company’s stock worth $3,434,000 after acquiring an additional 20,925 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Sealed Air by 94.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 756 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Sealed Air in the 1st quarter valued at $201,000. Finally, United Services Automobile Association purchased a new position in shares of Sealed Air during the 1st quarter worth $272,000. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Trading Down 0.0%

Shares of Sealed Air stock opened at $41.95 on Monday. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 13.62 and a beta of 1.35. Sealed Air has a 52-week low of $22.78 and a 52-week high of $44.27. The company’s 50-day simple moving average is $41.67 and its 200-day simple moving average is $37.39. The company has a quick ratio of 0.75, a current ratio of 1.29 and a debt-to-equity ratio of 3.34.

About Sealed Air

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.