Sealed Air (NYSE:SEE) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Sealed Air (NYSE:SEE) from a buy rating to a strong-buy rating in a report published on Saturday.

Several other analysts also recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Sealed Air from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sealed Air in a research note on Wednesday, October 8th. Citigroup lifted their price objective on shares of Sealed Air from $38.00 to $39.00 and gave the company a “buy” rating in a report on Monday, September 29th. Truist Financial reaffirmed a “buy” rating and set a $45.00 target price (up from $40.00) on shares of Sealed Air in a research report on Wednesday. Finally, UBS Group boosted their price target on Sealed Air from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.36.

Sealed Air Trading Down 0.7%

NYSE SEE traded down $0.26 during trading on Friday, hitting $36.66. The stock had a trading volume of 1,464,639 shares, compared to its average volume of 1,580,051. Sealed Air has a one year low of $22.78 and a one year high of $37.92. The stock has a 50 day simple moving average of $34.31 and a 200 day simple moving average of $32.15. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 2.40 and a beta of 1.38. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.19. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. Sell-side analysts predict that Sealed Air will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, December 5th. Sealed Air’s dividend payout ratio is presently 25.97%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SEE. Atlantic Union Bankshares Corp acquired a new stake in Sealed Air in the second quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Sealed Air by 383.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 664 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Sealed Air during the 1st quarter worth $26,000. Parkside Financial Bank & Trust increased its position in Sealed Air by 334.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock valued at $30,000 after buying an additional 739 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in Sealed Air in the third quarter valued at about $45,000. 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.