Royal Bank Of Canada Boosts Sealed Air (NYSE:SEE) Price Target to $52.00

Sealed Air (NYSE:SEE) had its price target boosted by equities research analysts at Royal Bank Of Canada from $48.00 to $52.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 42.64% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Citigroup increased their price target on shares of Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Mizuho raised their target price on shares of Sealed Air from $36.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. Truist Financial reaffirmed a “buy” rating and issued a $45.00 target price (up from $40.00) on shares of Sealed Air in a research note on Wednesday. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $50.00 target price (up from $39.00) on shares of Sealed Air in a research note on Friday, October 17th. Finally, Wall Street Zen raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Sealed Air has a consensus rating of “Moderate Buy” and an average price target of $42.18.

Sealed Air Stock Performance

NYSE:SEE traded up $0.69 on Wednesday, reaching $36.46. 620,845 shares of the company’s stock were exchanged, compared to its average volume of 1,568,042. Sealed Air has a 52 week low of $22.78 and a 52 week high of $38.85. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 2.40 and a beta of 1.38. 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 stock has a fifty day simple moving average of $34.04 and a 200-day simple moving average of $31.97.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. As a group, sell-side analysts predict that Sealed Air will post 3.05 earnings per share for the current year.

Institutional Trading of Sealed Air

Several large investors have recently added to or reduced their stakes in SEE. Brighton Jones LLC bought a new stake in Sealed Air in the fourth quarter valued at $737,000. Principal Financial Group Inc. boosted its holdings in shares of Sealed Air by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 732,624 shares of the industrial products company’s stock valued at $21,173,000 after buying an additional 20,029 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Sealed Air during the 1st quarter valued at $325,000. TD Private Client Wealth LLC boosted its holdings in shares of Sealed Air by 6.8% during the 1st quarter. TD Private Client Wealth LLC now owns 23,905 shares of the industrial products company’s stock valued at $691,000 after buying an additional 1,519 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of Sealed Air by 11.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 23,676 shares of the industrial products company’s stock valued at $684,000 after buying an additional 2,465 shares in the last quarter. 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.