StockNews.com Downgrades Sealed Air (NYSE:SEE) to Hold

Sealed Air (NYSE:SEE) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada lowered their price objective on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. UBS Group dropped their price target on Sealed Air from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, July 17th. Jefferies Financial Group cut shares of Sealed Air from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $47.00 to $35.00 in a research report on Friday, August 9th. Wells Fargo & Company lifted their target price on shares of Sealed Air from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Finally, Raymond James upgraded shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research report on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Sealed Air has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Sealed Air Stock Performance

Shares of NYSE:SEE traded down $0.17 during trading on Friday, hitting $35.40. 1,868,990 shares of the company were exchanged, compared to its average volume of 1,517,334. The company has a market cap of $5.16 billion, a PE ratio of 13.01, a P/E/G ratio of 9.39 and a beta of 1.34. Sealed Air has a 52-week low of $30.87 and a 52-week high of $41.14. The company has a debt-to-equity ratio of 6.81, a current ratio of 1.30 and a quick ratio of 0.79. The stock has a 50 day moving average of $35.34 and a 200 day moving average of $35.65.

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.13. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a net margin of 6.64% and a return on equity of 85.65%. Sealed Air’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.77 earnings per share. As a group, equities research analysts predict that Sealed Air will post 2.93 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Family Firm Inc. bought a new stake in Sealed Air in the 2nd quarter worth $26,000. Strategic Investment Solutions Inc. IL bought a new position in Sealed Air during the 2nd quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC purchased a new stake in Sealed Air in the 1st quarter worth approximately $52,000. Covestor Ltd grew its position in shares of Sealed Air by 651.2% in the 1st quarter. Covestor Ltd now owns 1,615 shares of the industrial products company’s stock worth $60,000 after buying an additional 1,400 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Sealed Air by 523.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock valued at $101,000 after buying an additional 2,445 shares during the period. Institutional investors own 94.40% of the company’s stock.

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.