Sealed Air (NYSE:SEE) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Sealed Air (NYSE:SEE) from a sector perform rating to an outperform rating in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. Royal Bank Of Canada currently has $48.00 price target on the industrial products company’s stock, up from their prior price target of $35.00.

Other equities research analysts have also recently issued reports about the company. Truist Financial lifted their price objective on Sealed Air from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. UBS Group lifted their price objective on Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Sealed Air in a research note on Tuesday, July 15th. Finally, Mizuho lifted their price objective on Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.09.

Sealed Air Stock Down 3.4%

NYSE SEE opened at $33.76 on Wednesday. The stock has a fifty day moving average of $32.75 and a 200-day moving average of $30.96. The stock has a market capitalization of $4.97 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 2.73 and a beta of 1.36. Sealed Air has a 52 week low of $22.78 and a 52 week high of $38.85. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19.

Sealed Air (NYSE:SEE) last released its earnings results on Tuesday, August 5th. The industrial products company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.72 by $0.17. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. On average, equities research analysts forecast that Sealed Air will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, September 12th. Sealed Air’s payout ratio is presently 40.40%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC lifted its holdings in shares of Sealed Air by 3.9% in the second quarter. Corient Private Wealth LLC now owns 11,432 shares of the industrial products company’s stock valued at $355,000 after purchasing an additional 431 shares in the last quarter. Burney Co. lifted its holdings in shares of Sealed Air by 4.1% in the first quarter. Burney Co. now owns 12,316 shares of the industrial products company’s stock valued at $356,000 after purchasing an additional 481 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Sealed Air by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 45,273 shares of the industrial products company’s stock valued at $1,405,000 after purchasing an additional 482 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Sealed Air by 4.1% in the first quarter. Empowered Funds LLC now owns 12,560 shares of the industrial products company’s stock valued at $363,000 after purchasing an additional 500 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of Sealed Air by 0.7% in the second quarter. Texas Permanent School Fund Corp now owns 67,852 shares of the industrial products company’s stock valued at $2,105,000 after purchasing an additional 505 shares in the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

About Sealed Air

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.