Sealed Air Co. (NYSE:SEE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Sealed Air Co. (NYSE:SEE) have earned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $43.33.

A number of equities analysts recently commented on the company. Citigroup cut their price objective on Sealed Air from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. William Blair reaffirmed a “market perform” rating on shares of Sealed Air in a research note on Thursday, May 2nd. StockNews.com lowered Sealed Air from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Truist Financial reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Sealed Air in a research note on Monday, June 17th. Finally, Stifel Nicolaus began coverage on Sealed Air in a research note on Tuesday, July 9th. They issued a “buy” rating and a $47.00 price target on the stock.

Sealed Air Stock Performance

Shares of SEE stock opened at $37.69 on Friday. The business’s 50-day moving average price is $36.64 and its 200-day moving average price is $35.72. Sealed Air has a 12 month low of $28.50 and a 12 month high of $47.12. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 4.61 and a beta of 1.35. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 7.49.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 earnings per share. Equities research analysts forecast that Sealed Air will post 2.86 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, September 13th. Sealed Air’s dividend payout ratio (DPR) is presently 32.13%.

Institutional Investors Weigh In On Sealed Air

Hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC grew its stake in Sealed Air by 2,549.6% in the 4th quarter. Hsbc Holdings PLC now owns 5,340,247 shares of the industrial products company’s stock valued at $195,720,000 after purchasing an additional 5,138,700 shares during the period. Balyasny Asset Management L.P. bought a new position in Sealed Air in the 4th quarter worth about $86,410,000. Norges Bank bought a new position in Sealed Air in the 4th quarter worth about $52,968,000. Appian Way Asset Management LP bought a new position in Sealed Air in the 1st quarter worth about $29,877,000. Finally, Vanguard Group Inc. increased its position in shares of Sealed Air by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 16,703,769 shares of the industrial products company’s stock valued at $621,380,000 after purchasing an additional 600,146 shares during the last quarter. Institutional investors own 94.40% of the company’s stock.

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.