Analysts Set Sealed Air Co. (NYSE:SEE) Price Target at $41.82

Shares of Sealed Air Co. (NYSE:SEE) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $41.30.

Several equities research analysts have issued reports on SEE shares. Citigroup decreased their price objective on shares of Sealed Air from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Morgan Stanley assumed coverage on Sealed Air in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 price target for the company. Wells Fargo & Company boosted their price objective on Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Jefferies Financial Group lowered Sealed Air from a “buy” rating to a “hold” rating and lowered their target price for the company from $47.00 to $35.00 in a research note on Friday, August 9th. Finally, UBS Group reduced their price target on Sealed Air from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 17th.

Institutional Trading of Sealed Air

Large investors have recently modified their holdings of the company. Family Firm Inc. acquired a new position in Sealed Air during the 2nd quarter valued at about $26,000. Fidelis Capital Partners LLC acquired a new position in shares of Sealed Air during the first quarter worth approximately $31,000. Strategic Investment Solutions Inc. IL bought a new position in Sealed Air in the 2nd quarter worth approximately $34,000. Allspring Global Investments Holdings LLC acquired a new stake in Sealed Air in the 1st quarter valued at approximately $52,000. Finally, Covestor Ltd raised its stake in Sealed Air by 651.2% during the 1st quarter. Covestor Ltd now owns 1,615 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Stock Performance

NYSE:SEE opened at $33.26 on Monday. The company has a market cap of $4.84 billion, a P/E ratio of 13.36, a P/E/G ratio of 8.40 and a beta of 1.34. The firm’s 50 day moving average is $34.87 and its two-hundred day moving average is $35.40. Sealed Air has a fifty-two week low of $28.50 and a fifty-two week high of $41.14. The company has a quick ratio of 0.79, a current ratio of 1.30 and a debt-to-equity ratio of 6.81.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.19. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Sealed Air had a return on equity of 85.65% and a net margin of 6.64%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. Analysts expect that Sealed Air will post 2.93 EPS for the current year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, September 13th. Sealed Air’s dividend payout ratio (DPR) is 32.13%.

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.