Brokerages Set Sealed Air Corporation (NYSE:SEE) Target Price at $38.55

Key Points

• Sealed Air Corporation has been rated "Moderate Buy" by nine brokerages, with an average twelve-month price target of $38.55.
• The company reported earnings of $0.89 per share, surpassing analysts' estimates, and had a quarterly revenue of $1.34 billion.
• Sealed Air declared a quarterly dividend of $0.20, with a yield of 2.3% and a payout ratio of 40.40%.

Shares of Sealed Air Corporation (NYSE:SEE - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $38.5455.

SEE has been the subject of a number of recent research reports. Raymond James Financial restated a "strong-buy" rating on shares of Sealed Air in a research report on Tuesday, July 15th. Mizuho lifted their target price on shares of Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a research report on Tuesday, July 15th. Wells Fargo & Company raised their price objective on Sealed Air from $39.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Truist Financial raised their price target on Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. raised Sealed Air from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $33.00 to $36.00 in a research note on Tuesday, September 9th.

Institutional Investors Weigh In On Sealed Air

A number of large investors have recently made changes to their positions in the business. Burney Co. grew its holdings in Sealed Air by 4.1% during the first quarter. Burney Co. now owns 12,316 shares of the industrial products company's stock worth $356,000 after acquiring an additional 481 shares during the period. Public Employees Retirement System of Ohio boosted its position in Sealed Air by 1.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 45,273 shares of the industrial products company's stock worth $1,405,000 after purchasing an additional 482 shares in the last quarter. Empowered Funds LLC grew its stake 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 worth $363,000 after purchasing an additional 500 shares during the period. Park Avenue Securities LLC increased its holdings in shares of Sealed Air by 3.6% during the 2nd quarter. Park Avenue Securities LLC now owns 16,207 shares of the industrial products company's stock valued at $503,000 after purchasing an additional 566 shares in the last quarter. Finally, Xponance Inc. lifted its stake in shares of Sealed Air by 7.2% in the 1st quarter. Xponance Inc. now owns 8,549 shares of the industrial products company's stock valued at $247,000 after purchasing an additional 577 shares during the period. 94.40% of the stock is currently owned by institutional investors.

Sealed Air Price Performance

Shares of SEE stock traded down $0.65 during trading on Friday, hitting $33.45. The company had a trading volume of 1,576,496 shares, compared to its average volume of 1,323,496. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 4.18. Sealed Air has a 52 week low of $22.78 and a 52 week high of $38.85. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 2.66 and a beta of 1.33. The stock's 50-day moving average is $31.57 and its two-hundred day moving average is $30.49.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share for the quarter, beating 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 firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter last year, the company posted $0.83 EPS. The business's quarterly revenue was down .7% on a year-over-year basis. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. As a group, analysts predict that Sealed Air will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid 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 of this dividend is Friday, September 12th. Sealed Air's dividend payout ratio is 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.