Sealed Air (NYSE:SEE) Price Target Raised to $49.00

Sealed Air (NYSE:SEE) had its target price raised by Truist Financial from $45.00 to $49.00 in a research note issued to investors on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the industrial products company’s stock.

Other equities analysts also recently issued research reports about the stock. Citigroup raised their target price on shares of Sealed Air from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Mizuho raised their price objective on Sealed Air from $36.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Morgan Stanley boosted their price objective on Sealed Air from $31.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Baird R W downgraded Sealed Air from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. Finally, Wall Street Zen lowered Sealed Air from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.42.

Sealed Air Stock Performance

Shares of NYSE:SEE opened at $41.52 on Tuesday. The business has a 50-day moving average of $40.92 and a two-hundred day moving average of $35.44. The firm has a market capitalization of $6.11 billion, a PE ratio of 13.48 and a beta of 1.36. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.29 and a quick ratio of 0.75. Sealed Air has a 12 month low of $22.78 and a 12 month high of $44.27.

Sealed Air (NYSE:SEE) last issued its earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air had a return on equity of 54.90% and a net margin of 8.52%.Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. As a group, research analysts forecast that Sealed Air will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a $0.20 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Sealed Air’s dividend payout ratio (DPR) is currently 25.97%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Johnson Financial Group Inc. bought a new stake in shares of Sealed Air during the third quarter valued at approximately $27,000. Atlantic Union Bankshares Corp purchased a new position in Sealed Air in the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. grew its stake in 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 valued at $26,000 after purchasing an additional 664 shares during the period. Parkside Financial Bank & Trust increased its position in shares of 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 purchasing an additional 739 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in shares of Sealed Air during the 3rd quarter worth $45,000. 94.40% of the stock is owned by institutional investors and hedge funds.

About Sealed Air

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.