Sealed Air Co. (NYSE:SEE) Receives $41.00 Average Price Target from Brokerages

Sealed Air Co. (NYSE:SEE) has received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $41.00.

A number of research firms have recently issued reports on SEE. Truist Financial lowered their target price on Sealed Air from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley assumed coverage on shares of Sealed Air in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 target price for the company. Royal Bank of Canada dropped their price target on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 17th. Finally, Raymond James upgraded Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research note on Thursday, October 17th.

Sealed Air Stock Performance

NYSE SEE opened at $34.03 on Wednesday. The business’s 50-day moving average price is $35.93 and its 200 day moving average price is $35.47. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. Sealed Air has a twelve month low of $30.87 and a twelve month high of $41.14. The company has a market capitalization of $4.96 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 4.97 and a beta of 1.34.

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

Sealed Air Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SEE. Tidal Investments LLC lifted its stake in Sealed Air by 6.7% during the third quarter. Tidal Investments LLC now owns 32,519 shares of the industrial products company’s stock worth $1,180,000 after purchasing an additional 2,051 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Sealed Air by 120.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 45,829 shares of the industrial products company’s stock worth $1,645,000 after buying an additional 25,046 shares during the last quarter. Neo Ivy Capital Management lifted its position in shares of Sealed Air by 187.3% in the 3rd quarter. Neo Ivy Capital Management now owns 66,300 shares of the industrial products company’s stock worth $2,406,000 after buying an additional 43,220 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Sealed Air by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock valued at $83,542,000 after buying an additional 12,559 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its stake in Sealed Air by 26.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 57,141 shares of the industrial products company’s stock worth $2,074,000 after acquiring an additional 11,976 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

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.