Truist Financial Forecasts Strong Price Appreciation for Sealed Air (NYSE:SEE) Stock

Sealed Air (NYSE:SEE) had its price target raised by equities research analysts at Truist Financial from $45.00 to $49.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s target price suggests a potential upside of 17.94% from the stock’s current price.

Several other equities analysts have also recently commented on SEE. Robert W. Baird reaffirmed a “neutral” rating and issued a $42.00 price target (down previously from $45.00) on shares of Sealed Air in a report on Thursday, December 18th. Wall Street Zen cut Sealed Air from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Morgan Stanley raised their target price on Sealed Air from $31.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Mizuho lifted their price target on shares of Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Finally, Raymond James Financial lowered shares of Sealed Air from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.42.

Sealed Air Price Performance

NYSE:SEE opened at $41.55 on Tuesday. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.29 and a quick ratio of 0.75. Sealed Air has a one year low of $22.78 and a one year high of $44.27. The company has a fifty day moving average price of $40.76 and a 200 day moving average price of $35.40. The stock has a market cap of $6.11 billion, a P/E ratio of 13.49 and a beta of 1.36.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.19. Sealed Air had a net margin of 8.52% and a return on equity of 54.90%. The company 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. Analysts anticipate that Sealed Air will post 3.05 earnings per share for the current year.

Institutional Investors Weigh In On Sealed Air

A number of hedge funds have recently made changes to their positions in SEE. Invesco Ltd. increased its stake in shares of Sealed Air by 31.7% in the 3rd quarter. Invesco Ltd. now owns 4,754,668 shares of the industrial products company’s stock valued at $168,078,000 after buying an additional 1,144,982 shares during the period. Bank of America Corp DE boosted its holdings in 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 acquiring an additional 507,067 shares during the last quarter. Ancora Advisors LLC boosted its holdings in Sealed Air by 81.1% in the third quarter. Ancora Advisors LLC now owns 3,437,412 shares of the industrial products company’s stock valued at $121,513,000 after acquiring an additional 1,538,927 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Sealed Air by 5.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,900,066 shares of the industrial products company’s stock worth $102,513,000 after purchasing an additional 137,699 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Sealed Air by 2.1% during the 3rd quarter. Victory Capital Management Inc. now owns 2,798,654 shares of the industrial products company’s stock worth $98,932,000 after purchasing an additional 57,511 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

About Sealed Air

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.