Sealed Air Co. (NYSE:SEE) Receives $44.90 Consensus Target Price from Brokerages

Shares of Sealed Air Co. (NYSE:SEE) have been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $44.90.

A number of equities research analysts have recently issued reports on SEE shares. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Monday, June 10th. Truist Financial reiterated a “buy” rating and set a $44.00 target price on shares of Sealed Air in a research report on Monday, June 17th. Mizuho upgraded Sealed Air from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $50.00 in a research report on Thursday, June 6th. Finally, William Blair reiterated a “market perform” rating on shares of Sealed Air in a research report on Thursday, May 2nd.

Sealed Air Trading Down 1.1 %

Shares of SEE stock opened at $34.79 on Wednesday. The business’s fifty day moving average price is $36.49 and its 200 day moving average price is $35.85. The firm has a market capitalization of $5.07 billion, a PE ratio of 13.97, a P/E/G ratio of 3.12 and a beta of 1.35. The company has a debt-to-equity ratio of 7.49, a current ratio of 1.33 and a quick ratio of 0.80. Sealed Air has a 1-year low of $28.50 and a 1-year high of $47.12.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the company posted $0.74 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts forecast that Sealed Air will post 2.89 EPS for the current fiscal year.

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.80 annualized dividend and a yield of 2.30%. Sealed Air’s payout ratio is currently 32.13%.

Institutional Investors Weigh In On Sealed Air

Hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC lifted its position in Sealed Air by 2,549.6% during the fourth quarter. Hsbc Holdings PLC now owns 5,340,247 shares of the industrial products company’s stock worth $195,720,000 after buying an additional 5,138,700 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Sealed Air in the fourth quarter worth approximately $86,410,000. Norges Bank purchased a new stake in Sealed Air in the fourth quarter valued at approximately $52,968,000. Appian Way Asset Management LP acquired a new position in Sealed Air during the first quarter worth approximately $29,877,000. Finally, Vanguard Group Inc. raised its stake in Sealed Air by 3.7% during the first quarter. Vanguard Group Inc. now owns 16,703,769 shares of the industrial products company’s stock worth $621,380,000 after purchasing an additional 600,146 shares during the period. Institutional investors and hedge funds 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.