Mizuho Has Lowered Expectations for Sealed Air (NYSE:SEE) Stock Price

Sealed Air (NYSE:SEE) had its target price reduced by equities researchers at Mizuho from $45.00 to $42.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Mizuho’s target price points to a potential upside of 24.59% from the company’s current price.

Several other research firms have also issued reports on SEE. StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th. Raymond James raised Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research report on Thursday, October 17th. Wells Fargo & Company lowered 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. Royal Bank of Canada reduced their price target 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. Finally, Citigroup lowered their price objective on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sealed Air currently has an average rating of “Moderate Buy” and a consensus target price of $40.17.

Sealed Air Stock Performance

NYSE:SEE opened at $33.71 on Tuesday. The company has a market cap of $4.91 billion, a P/E ratio of 12.39, a P/E/G ratio of 4.97 and a beta of 1.34. The firm’s 50 day moving average is $35.40 and its two-hundred day moving average is $35.23. Sealed Air has a fifty-two week low of $30.87 and a fifty-two week high of $41.14. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62.

Sealed Air (NYSE:SEE) last issued its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company posted $0.77 EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis. Analysts expect that Sealed Air will post 3.06 EPS for the current year.

Hedge Funds Weigh In On Sealed Air

A number of hedge funds have recently bought and sold shares of SEE. Millennium Management LLC grew its position in shares of Sealed Air by 38.2% in the 2nd quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock worth $143,136,000 after acquiring an additional 1,136,985 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of Sealed Air during the third quarter valued at $139,800,000. Geode Capital Management LLC lifted its position in Sealed Air by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock valued at $83,542,000 after purchasing an additional 12,559 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sealed Air by 33.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company’s stock worth $66,475,000 after buying an additional 479,675 shares during the period. Finally, Deprince Race & Zollo Inc. grew its holdings in Sealed Air by 1.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company’s stock worth $64,571,000 after buying an additional 24,940 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

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.