Sealed Air’s (SEE) Buy Rating Reiterated at Truist Financial

Truist Financial reissued their buy rating on shares of Sealed Air (NYSE:SEE) in a research note issued to investors on Wednesday,Benzinga reports. Truist Financial currently has a $45.00 price objective on the industrial products company’s stock, up from their prior price objective of $40.00.

A number of other research analysts have also commented on the company. Wells Fargo & Company upped their target price on Sealed Air from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank Of Canada set a $48.00 price target on shares of Sealed Air and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Mizuho upped their price objective on Sealed Air from $36.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. upgraded Sealed Air from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $33.00 to $36.00 in a research note on Tuesday, September 9th. Finally, Wall Street Zen upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report 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. Based on data from MarketBeat.com, Sealed Air currently has an average rating of “Moderate Buy” and an average target price of $42.36.

Sealed Air Stock Performance

Shares of Sealed Air stock traded down $0.26 during trading on Wednesday, reaching $36.66. The company’s stock had a trading volume of 1,464,639 shares, compared to its average volume of 1,580,051. Sealed Air has a one year low of $22.78 and a one year high of $37.92. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 2.40 and a beta of 1.38. The business’s fifty day moving average price is $34.31 and its 200-day moving average price is $32.11.

Sealed Air (NYSE:SEE) last announced its 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 business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. As a group, equities research analysts predict that Sealed Air will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.80 annualized dividend and a yield of 2.2%. Sealed Air’s dividend payout ratio (DPR) is presently 25.97%.

Hedge Funds Weigh In On Sealed Air

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its stake in Sealed Air by 1.9% in 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 acquiring an additional 228,937 shares during the period. Bank of America Corp DE boosted its holdings 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 valued at $130,963,000 after buying an additional 507,067 shares during the period. Invesco Ltd. increased its position in shares of Sealed Air by 2.5% during the first quarter. Invesco Ltd. now owns 3,884,200 shares of the industrial products company’s stock worth $112,253,000 after acquiring an additional 95,361 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Sealed Air by 42.1% during 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 acquiring an additional 849,485 shares during the period. Finally, Swedbank AB lifted its position in Sealed Air by 9.8% in the 2nd quarter. Swedbank AB now owns 2,552,629 shares of the industrial products company’s stock valued at $79,208,000 after acquiring an additional 226,933 shares in the last quarter. 94.40% of the stock is 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.