Sealed Air (NYSE:SEE) Rating Increased to Overweight 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.

Sealed Air (NYSE:SEE - Get Free Report) was upgraded by JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage presently has a $36.00 price target on the industrial products company's stock, up from their prior price target of $33.00. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 8.91% from the stock's current price.

Several other research firms have also weighed in on SEE. Mizuho upped their target price on shares of Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a report on Tuesday, July 15th. Wells Fargo & Company upped their target price on shares of Sealed Air from $39.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. UBS Group upped their target price on shares of Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Truist Financial increased their price objective on shares of Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, July 11th. 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, six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.55.

Sealed Air Price Performance

NYSE:SEE opened at $33.06 on Tuesday. The stock has a market cap of $4.86 billion, a P/E ratio of 16.69, a PEG ratio of 2.55 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 fifty day moving average price of $31.27 and a 200 day moving average price of $30.41. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71.

Sealed Air (NYSE:SEE - Get Free Report) 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 analysts' consensus estimates of $0.72 by $0.17. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the prior year, the company posted $0.83 EPS. The business's revenue was down .7% on a year-over-year basis. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Analysts anticipate that Sealed Air will post 3.05 earnings per share for the current year.

Institutional Trading of Sealed Air

A number of hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. raised its position in shares of Sealed Air by 219.9% in the 2nd 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 raised its position 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 valued at $1,148,000 after acquiring an additional 9,492 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Sealed Air in the 2nd quarter valued at approximately $896,000. Thrivent Financial for Lutherans raised 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 buying an additional 1,116 shares during the period. Finally, State of Wyoming raised its holdings in Sealed Air by 57.1% during the 2nd quarter. State of Wyoming now owns 8,824 shares of the industrial products company's stock worth $274,000 after buying an additional 3,208 shares during the period. 94.40% of the stock is currently owned by institutional investors and hedge funds.

About Sealed Air

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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