JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Sealed Air (NYSE:SEE) Stock

Sealed Air (NYSE:SEE) had its price target hoisted by research analysts at JPMorgan Chase & Co. from $36.00 to $38.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 4.28% from the stock’s previous close.

A number of other research analysts also recently commented on SEE. Truist Financial reaffirmed a “buy” rating and set a $45.00 target price (up previously from $40.00) on shares of Sealed Air in a report on Wednesday. Raymond James Financial reaffirmed a “strong-buy” rating and set a $50.00 target price (up previously from $39.00) on shares of Sealed Air in a report on Friday, October 17th. Citigroup increased their price target on Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Royal Bank Of Canada increased their price target on Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, UBS Group increased their price target on Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.36.

Sealed Air Stock Performance

NYSE:SEE traded up $0.67 during trading hours on Wednesday, reaching $36.44. 1,122,834 shares of the stock were exchanged, compared to its average volume of 1,570,148. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 4.18. The firm has a 50 day simple moving average of $34.04 and a 200-day simple moving average of $31.97. Sealed Air has a 52 week low of $22.78 and a 52 week high of $38.85. The stock has a market capitalization of $5.36 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.40 and a beta of 1.38.

Sealed Air (NYSE:SEE) last released its earnings results on Tuesday, November 4th. The industrial products company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The company 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. As a group, sell-side analysts forecast that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Institutional Trading of Sealed Air

Several large investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. increased its position in Sealed Air by 1.9% in the 1st 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 acquiring an additional 228,937 shares during the period. Bank of America Corp DE increased its position in Sealed Air by 13.7% in the 2nd 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 acquiring an additional 507,067 shares during the period. Invesco Ltd. increased its position in Sealed Air by 2.5% in the 1st quarter. Invesco Ltd. now owns 3,884,200 shares of the industrial products company’s stock valued at $112,253,000 after acquiring an additional 95,361 shares during the period. Victory Capital Management Inc. increased its position in Sealed Air by 42.1% in the 1st quarter. Victory Capital Management Inc. now owns 2,864,927 shares of the industrial products company’s stock valued at $82,796,000 after acquiring an additional 849,485 shares during the period. Finally, Swedbank AB increased its position in Sealed Air by 9.8% in the 2nd quarter. Swedbank AB now owns 2,552,629 shares of the industrial products company’s stock valued at $79,208,000 after acquiring an additional 226,933 shares during the period. 94.40% of the stock is currently owned by institutional investors and hedge funds.

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.