Sealed Air Corporation (NYSE:SEE) Receives $38.55 Consensus Target Price from Analysts

Sealed Air Corporation (NYSE:SEE) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $38.5455.

A number of equities research analysts recently weighed in on SEE shares. Truist Financial raised their price target on shares of Sealed Air from $33.00 to $40.00 and gave the company a “buy” rating in a report on Friday, July 11th. UBS Group raised their price target on shares of Sealed Air from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Raymond James Financial reiterated a “strong-buy” rating on shares of Sealed Air in a research report on Tuesday, July 15th. Wall Street Zen upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Mizuho raised their target price on shares of Sealed Air from $34.00 to $37.00 and gave the company an “outperformer” rating in a research note on Tuesday, July 15th.

Institutional Trading of Sealed Air

A number of institutional investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund Corp raised its position in shares of Sealed Air by 0.7% in the second 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 period. Osaic Holdings Inc. lifted its holdings in shares of Sealed Air by 219.9% during the second quarter. Osaic Holdings Inc. now owns 18,175 shares of the industrial products company’s stock valued at $557,000 after acquiring an additional 12,493 shares during the period. Orion Porfolio Solutions LLC grew its holdings in shares of Sealed Air by 34.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 37,001 shares of the industrial products company’s stock worth $1,148,000 after purchasing an additional 9,492 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Sealed Air in the 2nd quarter worth about $896,000. Finally, Thrivent Financial for Lutherans grew its holdings in Sealed Air by 0.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 148,847 shares of the industrial products company’s stock worth $4,619,000 after acquiring an additional 1,116 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Trading Up 0.2%

Shares of SEE opened at $33.31 on Friday. 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 firm’s 50-day moving average is $31.70 and its two-hundred day moving average is $30.55. Sealed Air has a twelve month low of $22.78 and a twelve month high of $38.85. The firm has a market capitalization of $4.90 billion, a P/E ratio of 16.82, a PEG ratio of 2.59 and a beta of 1.33.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.17. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 earnings per share. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. On average, research analysts predict that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, September 12th. Sealed Air’s dividend payout ratio (DPR) is currently 40.40%.

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.