Sealed Air (NYSE:SEE) Stock Rating Upgraded by Royal Bank Of Canada

Key Points

• Sealed Air's stock rating was upgraded from "sector perform" to "outperform" by Royal Bank Of Canada, with a target price of $48.00, suggesting a potential upside of 37.51% from its previous close.
• Other analysts, including JPMorgan Chase and UBS Group, have also raised their ratings and target prices for Sealed Air, indicating a consensus rating of "Moderate Buy" across the market.
• Sealed Air reported earnings of $0.89 per share for the last quarter, beating estimates and setting a FY 2025 guidance of 2.900-3.300 EPS, despite a slight year-over-year revenue decline.

Sealed Air (NYSE:SEE - Get Free Report) was upgraded by analysts at Royal Bank Of Canada from a "sector perform" rating to an "outperform" rating in a research report issued on Wednesday, Marketbeat Ratings reports. The firm presently has a $48.00 price objective on the industrial products company's stock. Royal Bank Of Canada's price objective indicates a potential upside of 37.51% from the company's previous close.

Several other research firms also recently commented on SEE. Weiss Ratings reiterated a "hold (c-)" rating on shares of Sealed Air in a research note on Wednesday. JPMorgan Chase & Co. raised Sealed Air from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $33.00 to $36.00 in a report on Tuesday, September 9th. Raymond James Financial restated a "strong-buy" rating on shares of Sealed Air in a research report on Tuesday, July 15th. UBS Group upped their target price on Sealed Air from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Citigroup increased their price objective on shares of Sealed Air from $38.00 to $39.00 and gave the company a "buy" rating in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Sealed Air has a consensus rating of "Moderate Buy" and an average target price of $40.09.

Sealed Air Price Performance

NYSE SEE opened at $34.91 on Wednesday. The firm's fifty day simple moving average is $32.64 and its two-hundred day simple moving average is $30.93. Sealed Air has a 12-month low of $22.78 and a 12-month high of $38.85. The firm has a market capitalization of $5.13 billion, a P/E ratio of 17.63, a P/E/G ratio of 2.70 and a beta of 1.36. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18.

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

Institutional Investors Weigh In On Sealed Air

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Sealed Air by 182.4% in the first 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 in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Sealed Air by 7.0% during 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% during 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 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 worth $3,053,000 after purchasing an additional 9,052 shares during the period. Finally, Public Sector Pension Investment Board lifted its holdings in Sealed Air by 43.1% during the 1st quarter. Public Sector Pension Investment Board now owns 519,339 shares of the industrial products company's stock worth $15,009,000 after buying an additional 156,309 shares in the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

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.