Mizuho has adjusted its price target for Sealed Air (SEE, Financial), decreasing it from $39 to $32 while maintaining an Outperform rating on the stock. This adjustment comes as part of a broader review by the firm, addressing recent changes in market multiples within the chemicals, agriculture, and packaging sectors.
Despite these alterations, Mizuho is not forecasting a recession and has only slightly reduced its forward-looking estimates. The analyst highlighted that lower oil prices could impact the gas-linked cost advantages that many basic chemical stocks enjoy, posing potential challenges to the sector.
Additionally, there's an expectation of potential short-term setbacks due to pre-buying activities in the automotive and electronics segments observed during the March quarter. These factors have contributed to the revised outlook on Sealed Air's performance in the near future.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Sealed Air Corp (SEE, Financial) is $38.86 with a high estimate of $48.80 and a low estimate of $29.00. The average target implies an upside of 46.38% from the current price of $26.55. More detailed estimate data can be found on the Sealed Air Corp (SEE) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Sealed Air Corp's (SEE, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Sealed Air Corp (SEE, Financial) in one year is $37.01, suggesting a upside of 39.4% from the current price of $26.55. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Sealed Air Corp (SEE) Summary page.
