Analysts Set Sealed Air Corporation (NYSE:SEE) Price Target 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%.

Sealed Air Corporation (NYSE:SEE - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $38.5455.

SEE has been the subject of a number of recent research reports. Mizuho boosted their price objective on Sealed Air from $34.00 to $37.00 and gave the company an "outperformer" rating in a research note on Tuesday, July 15th. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Wells Fargo & Company upped their price target on Sealed Air from $39.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Citigroup upped their price target on Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Truist Financial increased their target price on Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, July 11th.

Sealed Air Stock Performance

Shares of Sealed Air stock traded down $0.23 during trading hours on Friday, reaching $34.15. 2,445,775 shares of the stock traded hands, compared to its average volume of 1,275,839. The company has a 50 day moving average price of $31.53 and a 200 day moving average price of $30.49. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 2.68 and a beta of 1.33. Sealed Air has a one year low of $22.78 and a one year 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.

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

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, September 12th. Sealed Air's dividend payout ratio is currently 40.40%.

Institutional Trading of Sealed Air

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in Sealed Air by 182.4% during the 1st quarter. GAMMA Investing LLC now owns 3,736 shares of the industrial products company's stock valued at $108,000 after buying an additional 2,413 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Sealed Air by 7.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 56,323 shares of the industrial products company's stock worth $1,628,000 after purchasing an additional 3,664 shares during the period. Manning & Napier Advisors LLC increased its stake in Sealed Air by 200.0% in the first quarter. Manning & Napier Advisors LLC now owns 60,000 shares of the industrial products company's stock worth $1,734,000 after purchasing an additional 40,000 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Sealed Air by 9.4% during the first quarter. Russell Investments Group Ltd. now owns 105,651 shares of the industrial products company's stock valued at $3,053,000 after buying an additional 9,052 shares during the period. Finally, Public Sector Pension Investment Board increased its stake in shares of Sealed Air by 43.1% during the first quarter. Public Sector Pension Investment Board now owns 519,339 shares of the industrial products company's stock valued at $15,009,000 after buying an additional 156,309 shares during the period. Hedge funds and other 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.