Brokerages Set Sealed Air Corporation (NYSE:SEE) Price Target at $43.42

Sealed Air Corporation (NYSE:SEE) has been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $43.4167.

Several research firms have weighed in on SEE. Citigroup upped their price objective 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. Wall Street Zen downgraded shares of Sealed Air from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Wells Fargo & Company lifted their price objective on Sealed Air from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. boosted their target price on Sealed Air from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $42.00 target price (down from $45.00) on shares of Sealed Air in a research report on Thursday, December 18th.

Institutional Trading of Sealed Air

Institutional investors have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. bought a new position in shares of Sealed Air during the 3rd quarter valued at $27,000. Atlantic Union Bankshares Corp acquired a new position in Sealed Air during the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. raised its holdings in 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 valued at $26,000 after buying an additional 664 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Sealed Air by 334.4% in the second quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock worth $30,000 after buying 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 about $45,000. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Stock Down 0.0%

NYSE:SEE opened at $41.80 on Thursday. The business’s fifty day moving average price is $41.90 and its 200 day moving average price is $36.24. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 13.57 and a beta of 1.36. The company has a current ratio of 1.29, a quick ratio of 0.75 and a debt-to-equity ratio of 3.34. Sealed Air has a 1-year low of $22.78 and a 1-year high of $44.27.

Sealed Air (NYSE:SEE) last released its earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.19. The company had revenue of $1.35 billion for 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. On average, sell-side analysts forecast that Sealed Air will post 3.05 earnings per share for the current fiscal year.

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.