Sealed Air (NYSE:SEE) Sets New 52-Week High – Time to Buy?

Sealed Air Corporation (NYSE:SEE) reached a new 52-week high during trading on Thursday . The stock traded as high as $44.27 and last traded at $42.6950, with a volume of 963294 shares changing hands. The stock had previously closed at $36.38.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SEE. Wall Street Zen raised Sealed Air from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Raymond James Financial restated a “strong-buy” rating and set a $50.00 price objective (up previously from $39.00) on shares of Sealed Air in a report on Friday, October 17th. Wells Fargo & Company lifted their price objective on shares of Sealed Air from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Sealed Air in a report on Thursday. Finally, Morgan Stanley lifted their price target on Sealed Air from $31.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. One 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.64.

Sealed Air Stock Up 1.9%

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 firm has a market capitalization of $6.37 billion, a P/E ratio of 21.88, a P/E/G ratio of 2.40 and a beta of 1.38. The stock’s 50-day simple moving average is $35.00 and its 200-day simple moving average is $32.52.

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

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, December 5th. Sealed Air’s dividend payout ratio is currently 25.97%.

Hedge Funds Weigh In On Sealed Air

Several institutional investors and hedge funds have recently bought and sold shares of SEE. Atlantic Union Bankshares Corp purchased a new position in shares of Sealed Air in the second quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Sealed Air during the 1st quarter valued at $26,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Sealed Air by 383.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 664 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Sealed Air during the 3rd quarter valued at $27,000. Finally, Parkside Financial Bank & Trust grew its holdings 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. 94.40% of the stock is owned by institutional investors.

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.