Sealed Air (NYSE:SEE) Price Target Cut to $42.00 by Analysts at Mizuho

Sealed Air (NYSE:SEE) had its price target reduced by Mizuho from $45.00 to $42.00 in a research note released on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the industrial products company’s stock.

SEE has been the topic of a number of other research reports. Royal Bank of Canada dropped their price target on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a report on Thursday, October 17th. Bank of America lowered their target price on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday. Raymond James raised shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research report on Thursday, October 17th. Wells Fargo & Company dropped their price objective on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday. Finally, StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sealed Air presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.17.

Sealed Air Price Performance

Shares of NYSE SEE opened at $34.20 on Tuesday. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The company has a 50 day simple moving average of $35.46 and a two-hundred day simple moving average of $35.24. Sealed Air has a fifty-two week low of $30.87 and a fifty-two week high of $41.14. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 4.97 and a beta of 1.34.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (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 business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Analysts expect that Sealed Air will post 3.06 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Friday, December 6th. Sealed Air’s dividend payout ratio (DPR) is currently 29.41%.

Hedge Funds Weigh In On Sealed Air

Several institutional investors have recently bought and sold shares of SEE. Quarry LP lifted its position in shares of Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock worth $134,000 after buying an additional 311 shares in the last quarter. Everence Capital Management Inc. grew its holdings in shares of Sealed Air by 2.8% in the third quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock valued at $506,000 after purchasing an additional 380 shares in the last quarter. United Services Automobile Association raised its stake in Sealed Air by 3.5% during the second quarter. United Services Automobile Association now owns 11,533 shares of the industrial products company’s stock valued at $401,000 after purchasing an additional 393 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of Sealed Air by 3.4% in the 3rd quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company’s stock worth $509,000 after buying an additional 466 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC raised its position in shares of Sealed Air by 1.3% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 36,643 shares of the industrial products company’s stock valued at $1,275,000 after buying an additional 467 shares in the last quarter. 94.40% of the stock is 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.