Weiss Ratings Reiterates "Hold (C-)" Rating for Sealed Air (NYSE:SEE)

Key Points

• Weiss Ratings has reaffirmed its "Hold (C-)" rating on Sealed Air (NYSE:SEE), indicating a cautious outlook for the stock.
• Multiple analysts have upgraded Sealed Air's stock, with Wall Street Zen moving its rating from "hold" to "buy," while JPMorgan Chase & Co. raised its rating to "overweight" and increased the target price to $36.00.
• Sealed Air reported a quarterly EPS of $0.89, surpassing estimates, but revenues for the quarter were down by 0.7% compared to the prior year.

Sealed Air (NYSE:SEE - Get Free Report)'s stock had its "hold (c-)" rating restated by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. raised shares of Sealed Air from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $33.00 to $36.00 in a research note on Tuesday, September 9th. UBS Group lifted their target price on shares of Sealed Air from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Monday. Wells Fargo & Company lifted their target price on shares of Sealed Air from $39.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Truist Financial lifted their target price on shares of Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $39.27.

Sealed Air Stock Performance

NYSE SEE opened at $34.62 on Wednesday. The company's 50 day simple moving average is $32.53 and its two-hundred day simple moving average is $30.90. The stock has a market capitalization of $5.09 billion, a PE ratio of 17.48, a P/E/G ratio of 2.76 and a beta of 1.36. Sealed Air has a 1 year low of $22.78 and a 1 year 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.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly 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. 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 for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business's revenue for the quarter 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 predict that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. increased its holdings 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 valued at $362,555,000 after buying an additional 228,937 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Sealed Air by 13.7% in 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 shares of Sealed Air by 2.5% in 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 shares of Sealed Air by 42.1% in 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 shares of Sealed Air by 9.8% in 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. 94.40% of the stock is owned by hedge funds and other institutional investors.

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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