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

Sealed Air (NYSE:SEE) had its target price boosted by Truist Financial from $45.00 to $49.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s target price suggests a potential upside of 18.06% from the stock’s current price.

Several other brokerages have also weighed in on SEE. Baird R W lowered shares of Sealed Air from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 18th. Robert W. Baird reissued a “neutral” rating and issued a $42.00 price target (down from $45.00) on shares of Sealed Air in a report on Thursday, December 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Sealed Air in a report on Monday, December 29th. Wall Street Zen lowered Sealed Air from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, Mizuho boosted their price target on Sealed Air from $36.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.42.

Sealed Air Stock Performance

NYSE SEE traded down $0.01 during trading on Tuesday, reaching $41.51. 178,285 shares of the company’s stock were exchanged, compared to its average volume of 1,840,990. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.29 and a quick ratio of 0.75. The business has a 50 day moving average price of $40.46 and a 200-day moving average price of $35.27. The stock has a market capitalization of $6.11 billion, a P/E ratio of 13.48 and a beta of 1.36. Sealed Air has a fifty-two week low of $22.78 and a fifty-two week high of $44.27.

Sealed Air (NYSE:SEE) last issued its earnings results on Tuesday, November 4th. The industrial products company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.68 by $0.19. Sealed Air had a return on equity of 54.90% and a net margin of 8.52%.The company had revenue of $1.35 billion during 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 forecast that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC acquired a new position in shares of Sealed Air in the fourth quarter valued at approximately $737,000. Royal Bank of Canada grew its holdings in Sealed Air by 21.4% during the 1st quarter. Royal Bank of Canada now owns 118,808 shares of the industrial products company’s stock worth $3,434,000 after acquiring an additional 20,925 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sealed Air by 94.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 756 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Sealed Air by 8,245.0% during the first quarter. Jones Financial Companies Lllp now owns 130,933 shares of the industrial products company’s stock valued at $3,784,000 after acquiring an additional 129,364 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Sealed Air during the first quarter worth $201,000. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Company Profile

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.