Sealed Air (NYSE:SEE – Get Free Report) had its price target dropped by equities research analysts at Morgan Stanley from $39.00 to $38.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s price objective would suggest a potential upside of 14.29% from the stock’s current price.
A number of other equities analysts have also recently weighed in on SEE. Bank of America lowered their price target on Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday, January 6th. Citigroup lowered their price target on Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a report on Monday, January 6th. Royal Bank of Canada lowered their price target on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a report on Thursday, October 17th. Mizuho lowered their price target on Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, UBS Group lowered their price target on Sealed Air from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.00.
Check Out Our Latest Research Report on SEE
Sealed Air Trading Up 0.6 %
Sealed Air (NYSE:SEE – Get Free Report) last issued its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $0.77 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Research analysts forecast that Sealed Air will post 3.06 EPS for the current fiscal year.
Hedge Funds Weigh In On Sealed Air
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Sealed Air by 4.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company’s stock valued at $326,000 after buying an additional 380 shares during the period. Nordea Investment Management AB boosted its stake in shares of Sealed Air by 186.1% in the 4th quarter. Nordea Investment Management AB now owns 442,857 shares of the industrial products company’s stock valued at $15,031,000 after buying an additional 288,044 shares during the period. GAMMA Investing LLC raised its position in shares of Sealed Air by 218.0% during the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 907 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Sealed Air by 501.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company’s stock worth $28,853,000 after acquiring an additional 662,606 shares in the last quarter. Finally, Tidal Investments LLC raised its position in shares of Sealed Air by 6.7% during the 3rd quarter. Tidal Investments LLC now owns 32,519 shares of the industrial products company’s stock worth $1,180,000 after acquiring an additional 2,051 shares in the last quarter. Hedge funds and other 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.
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