Sealed Air (NYSE:SEE) Given New $41.00 Price Target at Mizuho

Sealed Air (NYSE:SEE) had its price objective upped by Mizuho from $36.00 to $41.00 in a report published on Friday morning,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

A number of other brokerages have also weighed in on SEE. Truist Financial boosted 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. UBS Group boosted their price objective 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. Wall Street Zen upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. upgraded shares of Sealed Air from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $33.00 to $36.00 in a report on Tuesday, September 9th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Sealed Air in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.09.

Sealed Air Price Performance

SEE stock opened at $36.63 on Friday. 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 has a one year low of $22.78 and a one year high of $38.85. The stock has a market cap of $5.39 billion, a PE ratio of 18.50, a P/E/G ratio of 2.82 and a beta of 1.36. The firm has a 50 day simple moving average of $32.22 and a two-hundred day simple moving average of $30.77.

Sealed Air (NYSE:SEE) last released 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 business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The business’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. On average, analysts predict that Sealed Air will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, September 12th. Sealed Air’s dividend payout ratio is currently 40.40%.

Institutional Investors Weigh In On Sealed Air

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp bought a new stake in Sealed Air during the 2nd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. increased its position 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 purchasing an additional 664 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in Sealed Air during the 1st quarter valued at $26,000. Parkside Financial Bank & Trust increased its position 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 purchasing an additional 739 shares during the period. Finally, North Capital Inc. purchased a new position in Sealed Air during the 1st quarter valued at $30,000. 94.40% of the stock is currently owned by 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.