Sealed Air (NYSE:SEE) Earns Buy Rating from Truist Financial

Sealed Air (NYSE:SEE)‘s stock had its “buy” rating reissued by equities researchers at Truist Financial in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $45.00 price target on the industrial products company’s stock, up from their previous price target of $40.00. Truist Financial’s price target suggests a potential upside of 24.38% from the company’s current price.

SEE has been the topic of several other research reports. UBS Group upped their price target on shares of Sealed Air from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sealed Air in a report on Wednesday, October 8th. Wall Street Zen raised shares of Sealed Air from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $50.00 price target (up previously from $39.00) on shares of Sealed Air in a report on Friday, October 17th. Finally, JPMorgan Chase & Co. raised shares of Sealed Air from a “neutral” rating to an “overweight” rating and upped their price target for the company from $33.00 to $36.00 in a report on Tuesday, September 9th. One 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.82.

Sealed Air Stock Performance

Shares of Sealed Air stock traded up $0.41 on Wednesday, reaching $36.18. 550,748 shares of the stock were exchanged, compared to its average volume of 1,567,678. Sealed Air has a 1-year low of $22.78 and a 1-year high of $38.85. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18. The business has a fifty day moving average price of $34.04 and a two-hundred day moving average price of $31.97. The firm has a market capitalization of $5.32 billion, a PE ratio of 18.20, a PEG ratio of 2.40 and a beta of 1.38.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. As a group, research analysts anticipate that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sealed Air

Several institutional investors and hedge funds have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. increased 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 worth $362,555,000 after purchasing an additional 228,937 shares during the last quarter. Bank of America Corp DE grew its holdings in Sealed Air by 13.7% during 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 purchasing an additional 507,067 shares in the last quarter. Invesco Ltd. boosted its stake in Sealed Air by 2.5% during 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 last quarter. Victory Capital Management Inc. boosted its stake in Sealed Air by 42.1% during 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 last quarter. Finally, Swedbank AB lifted its position in shares of Sealed Air by 9.8% in the 2nd quarter. Swedbank AB now owns 2,552,629 shares of the industrial products company’s stock worth $79,208,000 after buying an additional 226,933 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Company Profile

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.