Sealed Air (NYSE:SEE) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Sealed Air Corporation (NYSE:SEE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.72 and traded as high as $41.85. Sealed Air shares last traded at $41.7960, with a volume of 6,328,321 shares.

Analysts Set New Price Targets

Several brokerages recently weighed in on SEE. Raymond James Financial downgraded Sealed Air from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Royal Bank Of Canada raised their price target on shares of Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Robert W. Baird reissued a “neutral” rating and issued a $42.00 target price (down from $45.00) on shares of Sealed Air in a research report on Thursday, December 18th. Mizuho raised their target price on Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Finally, Morgan Stanley boosted their price target on Sealed Air from $31.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.42.

Sealed Air Price Performance

The firm has a 50-day simple moving average of $41.35 and a two-hundred day simple moving average of $35.72. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 13.57 and a beta of 1.36. The company has a current ratio of 1.29, a quick ratio of 0.75 and a debt-to-equity ratio of 3.34.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.19. Sealed Air had a return on equity of 54.90% and a net margin of 8.52%.The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. As a group, analysts predict that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Institutional Trading of Sealed Air

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Sealed Air in the fourth quarter worth about $737,000. Royal Bank of Canada boosted its position in Sealed Air by 21.4% during the first quarter. Royal Bank of Canada now owns 118,808 shares of the industrial products company’s stock worth $3,434,000 after purchasing an additional 20,925 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Sealed Air by 94.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 756 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Sealed Air in the first quarter valued at approximately $201,000. Finally, United Services Automobile Association acquired a new position in shares of Sealed Air during the 1st quarter worth approximately $272,000. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Company Profile

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.