Sealed Air Corporation (NYSE:SEE) Receives $42.77 Average PT from Brokerages

Sealed Air Corporation (NYSE:SEE) has been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $42.7692.

Several equities analysts have commented on SEE shares. UBS Group raised their target price on shares of Sealed Air from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Robert W. Baird reiterated a “neutral” rating and set a $42.00 price objective (down previously from $45.00) on shares of Sealed Air in a research note on Thursday, December 18th. JPMorgan Chase & Co. boosted their target price on Sealed Air from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Mizuho upped their target price on Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sealed Air in a research report on Monday.

Sealed Air Trading Up 0.2%

NYSE SEE opened at $41.54 on Friday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.75 and a current ratio of 1.29. Sealed Air has a one year low of $22.78 and a one year high of $44.27. The company has a 50-day simple moving average of $39.92 and a 200-day simple moving average of $34.97. The firm has a market capitalization of $6.11 billion, a PE ratio of 13.49 and a beta of 1.35.

Sealed Air (NYSE:SEE) last posted 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. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air had a net margin of 8.52% and a return on equity of 54.90%. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. On average, equities analysts forecast that Sealed Air will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

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

Institutional Investors Weigh In On Sealed Air

A number of institutional investors and hedge funds have recently bought and sold shares of SEE. Atlantic Union Bankshares Corp acquired a new position in Sealed Air during the second quarter valued at $25,000. Northwestern Mutual Wealth Management Co. boosted 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 acquiring an additional 664 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Sealed Air in the third quarter valued at about $27,000. Parkside Financial Bank & Trust grew 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 valued at $30,000 after purchasing an additional 739 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of Sealed Air during the 3rd quarter worth about $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.