Sealed Air (NYSE:SEE) Upgraded at JPMorgan Chase & Co.

Key Points

• Sealed Air has been upgraded from a "neutral" rating to an "overweight" rating by JPMorgan Chase & Co., with a new price target of $36.00, suggesting an 8.91% potential upside.
• Other firms like Mizuho and Wells Fargo also raised their price targets for Sealed Air, indicating a positive outlook on the stock's performance.
• In its recent quarterly earnings, Sealed Air reported an EPS of $0.89, exceeding estimates and reflecting strong market demand despite a slight year-over-year revenue decline.

JPMorgan Chase & Co. upgraded shares of Sealed Air (NYSE:SEE - Free Report) from a neutral rating to an overweight rating in a research report report published on Tuesday morning, MarketBeat Ratings reports. They currently have $36.00 price target on the industrial products company's stock, up from their prior price target of $33.00.

Several other equities research analysts have also weighed in on the company. Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Wells Fargo & Company lifted their price objective on Sealed Air from $39.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Mizuho lifted their price objective on Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a report on Tuesday, July 15th. UBS Group lifted their price objective on Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Truist Financial lifted their price objective on Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.55.

Sealed Air Stock Performance

Shares of NYSE SEE traded up $0.05 during mid-day trading on Tuesday, reaching $33.96. 1,881,110 shares of the company's stock were exchanged, compared to its average volume of 1,461,520. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 2.64 and a beta of 1.33. Sealed Air has a 52 week low of $22.78 and a 52 week 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 firm has a 50-day moving average price of $31.35 and a two-hundred day moving average price of $30.43.

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

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, September 12th. Sealed Air's payout ratio is presently 40.40%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Sealed Air during the 4th quarter valued at about $27,000. Atlantic Union Bankshares Corp purchased a new position in Sealed Air during the 2nd quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. grew its holdings in Sealed Air by 383.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company's stock valued at $26,000 after buying an additional 664 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Sealed Air during the 1st quarter valued at about $26,000. Finally, Parkside Financial Bank & Trust grew its holdings in Sealed Air by 334.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company's stock valued at $30,000 after buying an additional 739 shares in the last quarter. 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.