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

Sealed Air Corporation (NYSE:SEE)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada raised their price target on Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Wells Fargo & Company lifted their target price on Sealed Air from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Baird R W cut shares of Sealed Air from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sealed Air in a research note on Monday, December 29th. Finally, UBS Group boosted their price objective on shares of Sealed Air from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Sealed Air presently has a consensus rating of “Moderate Buy” and an average target price of $43.42.

Sealed Air Trading Up 0.4%

The company has a quick ratio of 0.75, a current ratio of 1.29 and a debt-to-equity ratio of 3.34. The stock’s 50 day moving average is $41.35 and its two-hundred day moving average is $35.72. The company has a market capitalization of $6.15 billion, a PE ratio of 13.57 and a beta of 1.36.

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

Institutional Trading of Sealed Air

Several hedge funds and other institutional investors have recently bought and sold shares of SEE. Atlantic Union Bankshares Corp bought a new position in Sealed Air in the second quarter worth about $25,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Sealed Air by 383.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock worth $26,000 after buying an additional 664 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Sealed Air during the 3rd quarter worth approximately $27,000. Parkside Financial Bank & Trust lifted its position in Sealed Air by 334.4% during the second quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 739 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in Sealed Air during the third quarter valued at approximately $45,000. Institutional investors 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.