Sealed Air Co. (NYSE:SEE) Receives $40.17 Consensus PT from Analysts

Shares of Sealed Air Co. (NYSE:SEE) have been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $40.17.

Several equities research analysts have weighed in on SEE shares. Truist Financial raised their price target on Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 6th. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Bank of America lowered their price target on Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday, January 6th. UBS Group raised their price target on Sealed Air from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Finally, Mizuho lowered their price target on Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th.

Sealed Air Price Performance

SEE opened at $31.93 on Monday. The business’s 50-day moving average is $33.94 and its two-hundred day moving average is $34.87. Sealed Air has a 1 year low of $30.87 and a 1 year high of $41.14. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The firm has a market capitalization of $4.65 billion, a PE ratio of 11.74 and a beta of 1.32.

Sealed Air (NYSE:SEE) last posted its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. Research analysts anticipate that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Friday, March 14th. Sealed Air’s dividend payout ratio is currently 44.20%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Sealed Air in the fourth quarter valued at approximately $27,000. Manchester Capital Management LLC increased its position in shares of Sealed Air by 139.4% in the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock valued at $41,000 after buying an additional 700 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Sealed Air by 218.0% in the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after buying an additional 907 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sealed Air in the fourth quarter valued at approximately $45,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Sealed Air by 148.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock valued at $51,000 after buying an additional 913 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Company Profile

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.