Analysts Set Sealed Air Corporation (NYSE:SEE) Price Target at $38.55

Sealed Air Corporation (NYSE:SEE) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $38.5455.

A number of analysts have recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Sealed Air from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. raised shares of Sealed Air from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $33.00 to $36.00 in a research report on Tuesday, September 9th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Sealed Air in a research report on Tuesday, July 15th. Citigroup upped their price target on shares of Sealed Air from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, Wall Street Zen upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th.

Sealed Air Stock Up 0.2%

Shares of Sealed Air stock opened at $33.46 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18. The company’s fifty day simple moving average is $31.62 and its two-hundred day simple moving average is $30.51. The company has a market cap of $4.92 billion, a P/E ratio of 16.90, a PEG ratio of 2.60 and a beta of 1.33. Sealed Air has a 12-month low of $22.78 and a 12-month high of $38.85.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.17. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 EPS. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Research analysts anticipate that Sealed Air will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.20 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.80 dividend on an annualized basis and a yield of 2.4%. Sealed Air’s payout ratio is presently 40.40%.

Hedge Funds Weigh In On Sealed Air

Hedge funds have recently bought and sold shares of the company. Atlantic Union Bankshares Corp bought a new position in Sealed Air in the 2nd quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new position in Sealed Air during the 1st quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. lifted its stake in Sealed Air by 383.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 664 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sealed Air during the 4th quarter valued at about $27,000. Finally, North Capital Inc. bought a new position in Sealed Air during the 1st quarter valued at about $30,000. Institutional investors own 94.40% of the company’s stock.

About Sealed Air

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.