Sealed Air (NYSE:SEE) Given New $46.00 Price Target at Wells Fargo & Company

Sealed Air (NYSE:SEE) had its price objective hoisted by Wells Fargo & Company from $43.00 to $46.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

Several other equities analysts also recently commented on SEE. JPMorgan Chase & Co. upgraded Sealed Air from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $33.00 to $36.00 in a research report on Tuesday, September 9th. UBS Group boosted their price objective on Sealed Air from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Sealed Air in a research report on Wednesday, October 8th. Wall Street Zen upgraded Sealed Air from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Citigroup boosted their price objective on Sealed Air from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.36.

Sealed Air Stock Performance

NYSE:SEE opened at $36.61 on Wednesday. The stock has a 50-day simple moving average of $34.13 and a two-hundred day simple moving average of $32.00. Sealed Air has a 52-week low of $22.78 and a 52-week high of $38.85. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19. The firm has a market capitalization of $5.39 billion, a PE ratio of 18.49, a P/E/G ratio of 2.40 and a beta of 1.38.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.87 EPS for the quarter, beating 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 business 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. Analysts forecast that Sealed Air will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, December 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. Sealed Air’s dividend payout ratio is 40.40%.

Institutional Investors Weigh In On Sealed Air

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. raised its position in Sealed Air by 1.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 12,545,129 shares of the industrial products company’s stock valued at $362,555,000 after purchasing an additional 228,937 shares during the period. Bank of America Corp DE raised its position in Sealed Air by 13.7% during the second quarter. Bank of America Corp DE now owns 4,220,533 shares of the industrial products company’s stock valued at $130,963,000 after purchasing an additional 507,067 shares during the period. Invesco Ltd. raised its position in Sealed Air by 2.5% during the first quarter. Invesco Ltd. now owns 3,884,200 shares of the industrial products company’s stock valued at $112,253,000 after purchasing an additional 95,361 shares during the period. Victory Capital Management Inc. raised its position in Sealed Air by 42.1% during the first quarter. Victory Capital Management Inc. now owns 2,864,927 shares of the industrial products company’s stock valued at $82,796,000 after purchasing an additional 849,485 shares during the period. Finally, Swedbank AB raised its position in Sealed Air by 9.8% during the second quarter. Swedbank AB now owns 2,552,629 shares of the industrial products company’s stock valued at $79,208,000 after purchasing an additional 226,933 shares during the period. 94.40% of the stock is currently owned by hedge funds and other 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.