Sealed Air Co. (NYSE:SEE) Receives $40.08 Average PT from Analysts

Sealed Air Co. (NYSE:SEE) has been given an average rating of “Moderate Buy” by the fourteen brokerages that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $40.00.

A number of brokerages recently issued reports on SEE. UBS Group decreased their target price on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Raymond James raised Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research note on Thursday, October 17th. StockNews.com downgraded shares of Sealed Air from a “buy” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company lowered their price objective on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Truist Financial lifted their price target on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 6th.

Sealed Air Stock Performance

Shares of SEE stock opened at $33.98 on Friday. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. Sealed Air has a 12 month low of $30.87 and a 12 month high of $41.14. The company’s fifty day moving average price is $35.23 and its two-hundred day moving average price is $35.18. The firm has a market capitalization of $4.95 billion, a P/E ratio of 12.49, a P/E/G ratio of 4.97 and a beta of 1.34.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS. On average, research analysts anticipate that Sealed Air will post 3.06 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.35%. Sealed Air’s dividend payout ratio is 29.41%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Empowered Funds LLC acquired a new stake in shares of Sealed Air in the third quarter valued at approximately $1,497,000. Maple Rock Capital Partners Inc. grew its holdings in Sealed Air by 56.6% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock valued at $55,085,000 after purchasing an additional 548,493 shares during the period. Deprince Race & Zollo Inc. increased its stake in Sealed Air by 1.4% in the second quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company’s stock valued at $64,571,000 after purchasing an additional 24,940 shares in the last quarter. Commerce Bank raised its holdings in Sealed Air by 67.6% in the third quarter. Commerce Bank now owns 36,601 shares of the industrial products company’s stock worth $1,329,000 after purchasing an additional 14,766 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Sealed Air by 501.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company’s stock valued at $28,853,000 after buying an additional 662,606 shares during the period. 94.40% of the stock is owned by 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.