Weiss Ratings Reiterates Hold (C-) Rating for Sealed Air (NYSE:SEE)

Sealed Air (NYSE:SEE)‘s stock had its “hold (c-)” rating reiterated by equities researchers at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the stock. Citigroup increased their price target on shares of Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Wall Street Zen upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. UBS Group upped their target price on shares of Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Mizuho upped their target price on shares of Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Finally, Wells Fargo & Company upped their target price on shares of Sealed Air from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.09.

Sealed Air Stock Performance

NYSE SEE opened at $34.85 on Friday. Sealed Air has a 1 year low of $22.78 and a 1 year high of $38.85. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71. The stock has a market capitalization of $5.13 billion, a PE ratio of 17.60, a P/E/G ratio of 2.48 and a beta of 1.36. The company’s 50 day simple moving average is $33.70 and its two-hundred day simple moving average is $31.53.

Sealed Air (NYSE:SEE) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.17. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company posted $0.83 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Analysts predict 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 made changes to their positions in the business. Corient Private Wealth LLC grew its holdings in shares of Sealed Air by 3.9% during the 2nd quarter. Corient Private Wealth LLC now owns 11,432 shares of the industrial products company’s stock valued at $355,000 after purchasing an additional 431 shares during the last quarter. Burney Co. grew its holdings in shares of Sealed Air by 4.1% during the 1st quarter. Burney Co. now owns 12,316 shares of the industrial products company’s stock valued at $356,000 after purchasing an additional 481 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Sealed Air by 1.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 45,273 shares of the industrial products company’s stock valued at $1,405,000 after purchasing an additional 482 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Sealed Air by 4.1% during the 1st quarter. Empowered Funds LLC now owns 12,560 shares of the industrial products company’s stock valued at $363,000 after purchasing an additional 500 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in shares of Sealed Air by 0.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 67,852 shares of the industrial products company’s stock valued at $2,105,000 after purchasing an additional 505 shares during the last quarter. Institutional investors 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.