Sealed Air (NYSE:SEE) Given New $41.00 Price Target at Mizuho

Key Points

• Mizuho has raised its price target for Sealed Air from $36.00 to $41.00, indicating an estimated potential upside of 12.01% from the stock's previous close.
• Several brokerages, including JPMorgan Chase and Wells Fargo, have also upgraded their ratings and price targets for Sealed Air in recent months, reflecting a positive outlook for the stock.
• Sealed Air reported earnings of $0.89 per share, beating estimates, with a revenue of $1.34 billion, demonstrating slight year-over-year revenue decline yet maintaining strong profit margins of 5.46%.

Sealed Air (NYSE:SEE - Get Free Report) had its price objective boosted by Mizuho from $36.00 to $41.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Mizuho's price objective points to a potential upside of 12.01% from the stock's previous close.

A number of other brokerages have also recently weighed in on SEE. JPMorgan Chase & Co. raised shares of Sealed Air from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $33.00 to $36.00 in a research report on Tuesday, September 9th. Raymond James Financial restated a "strong-buy" rating on shares of Sealed Air in a research note on Tuesday, July 15th. Wells Fargo & Company increased their price objective on shares of Sealed Air from $39.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Citigroup boosted their price target on shares of Sealed Air from $38.00 to $39.00 and gave the company a "buy" rating in a report on Monday. Finally, Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $39.09.

Sealed Air Price Performance

NYSE:SEE traded up $0.50 during mid-day trading on Friday, hitting $36.61. 100,501 shares of the company's stock traded hands, compared to its average volume of 1,576,194. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19. The firm's 50 day simple moving average is $32.11 and its 200 day simple moving average is $30.73. Sealed Air has a 1 year low of $22.78 and a 1 year high of $38.85. The company has a market cap of $5.38 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 2.77 and a beta of 1.36.

Sealed Air (NYSE:SEE - Get Free Report) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm posted $0.83 EPS. The firm's revenue for the quarter was down .7% on a year-over-year basis. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Sell-side analysts expect that Sealed Air will post 3.05 EPS for the current year.

Institutional Investors Weigh In On Sealed Air

Large investors have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its position in Sealed Air by 1.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 12,545,129 shares of the industrial products company's stock worth $362,555,000 after purchasing an additional 228,937 shares during the period. Bank of America Corp DE boosted its position in Sealed Air by 13.7% during the second quarter. Bank of America Corp DE now owns 4,220,533 shares of the industrial products company's stock worth $130,963,000 after purchasing an additional 507,067 shares during the period. Invesco Ltd. boosted 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 period. Victory Capital Management Inc. boosted its position 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 position in Sealed Air by 9.8% during the second quarter. Swedbank AB now owns 2,552,629 shares of the industrial products company's stock worth $79,208,000 after purchasing an additional 226,933 shares during the period. 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.

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