Morgan Stanley Boosts Sealed Air (NYSE:SEE) Price Target to $41.00

Sealed Air (NYSE:SEE) had its price target lifted by investment analysts at Morgan Stanley from $31.00 to $41.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s target price suggests a potential upside of 9.70% from the company’s previous close.

A number of other brokerages also recently issued reports on SEE. Raymond James Financial restated a “strong-buy” rating and set a $50.00 price target (up previously from $39.00) on shares of Sealed Air in a report on Friday, October 17th. Citigroup lifted their price objective on Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Wells Fargo & Company boosted 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, November 5th. JPMorgan Chase & Co. raised their price target on Sealed Air from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Finally, Royal Bank Of Canada boosted their price objective on shares of Sealed Air from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Sealed Air currently has a consensus rating of “Moderate Buy” and an average target price of $42.64.

Sealed Air Trading Up 1.4%

NYSE:SEE opened at $37.38 on Monday. The firm has a market capitalization of $5.50 billion, a P/E ratio of 18.88, a P/E/G ratio of 2.40 and a beta of 1.38. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 4.18. The company has a fifty day moving average of $34.50 and a 200 day moving average of $32.32. Sealed Air has a 52 week low of $22.78 and a 52 week high of $37.92.

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.19. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. On average, research analysts predict that Sealed Air will post 3.05 earnings per share for the current year.

Institutional Trading of Sealed Air

Hedge funds and other institutional investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. lifted its position in Sealed Air by 1.9% during the 1st 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 increased its stake in shares of Sealed Air by 13.7% during 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 purchasing an additional 507,067 shares in the last quarter. Invesco Ltd. lifted its holdings 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 valued at $112,253,000 after purchasing an additional 95,361 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Sealed Air by 42.1% in the 1st quarter. Victory Capital Management Inc. now owns 2,864,927 shares of the industrial products company’s stock worth $82,796,000 after purchasing an additional 849,485 shares in the last quarter. Finally, Swedbank AB grew its stake in shares of Sealed Air by 9.8% in the 2nd quarter. Swedbank AB now owns 2,552,629 shares of the industrial products company’s stock worth $79,208,000 after buying an additional 226,933 shares during the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

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.