Sealed Air (NYSE:SEE) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Sealed Air (NYSE:SEE) had its price target lifted by equities research analysts at Wells Fargo & Company from $43.00 to $46.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 24.61% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Raymond James Financial reissued a “strong-buy” rating and issued a $50.00 price target (up previously from $39.00) on shares of Sealed Air in a research note on Friday, October 17th. UBS Group lifted their target price on shares of Sealed Air from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Wall Street Zen upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Mizuho lifted their price objective on Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. raised Sealed Air from a “neutral” rating to an “overweight” rating and increased their target price for the company from $33.00 to $36.00 in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned 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 price target of $42.36.

Sealed Air Price Performance

Shares of Sealed Air stock opened at $36.91 on Wednesday. The firm has a market cap of $5.43 billion, a PE ratio of 18.64, a P/E/G ratio of 2.40 and a beta of 1.38. Sealed Air has a twelve month low of $22.78 and a twelve month high of $38.85. 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 business has a 50-day moving average price of $34.22 and a 200 day moving average price of $32.03.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.87 EPS 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 analyst estimates of $1.31 billion. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. Sell-side analysts predict that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sealed Air

A number of institutional investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. grew its holdings 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 buying an additional 228,937 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Sealed Air by 13.7% in the second 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 during the period. Invesco Ltd. increased its position in Sealed Air by 2.5% during the first quarter. Invesco Ltd. now owns 3,884,200 shares of the industrial products company’s stock worth $112,253,000 after purchasing an additional 95,361 shares during the last quarter. Victory Capital Management Inc. raised its stake in Sealed Air by 42.1% during the first quarter. Victory Capital Management Inc. now owns 2,864,927 shares of the industrial products company’s stock worth $82,796,000 after purchasing an additional 849,485 shares during the period. Finally, Swedbank AB boosted its holdings 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 purchasing an additional 226,933 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

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.