Analysts Set Sealed Air Co. (NYSE:SEE) Price Target at $41.00

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

Several equities research analysts recently commented on SEE shares. Raymond James upgraded Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a report on Thursday, October 17th. Royal Bank of Canada reduced their target price on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company raised their price target on shares of Sealed Air from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Stifel Nicolaus initiated coverage on shares of Sealed Air in a report on Tuesday, July 9th. They issued a “buy” rating and a $47.00 price objective on the stock. Finally, Jefferies Financial Group downgraded 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.

Sealed Air Trading Down 0.9 %

NYSE SEE opened at $36.27 on Tuesday. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 9.26 and a beta of 1.34. The company has a debt-to-equity ratio of 6.81, a quick ratio of 0.79 and a current ratio of 1.30. Sealed Air has a one year low of $30.87 and a one year high of $41.14. The company’s 50 day moving average price is $35.21 and its 200 day moving average price is $35.57.

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

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.21%. The ex-dividend date is Friday, December 6th. Sealed Air’s dividend payout ratio (DPR) is presently 32.26%.

Institutional Trading of Sealed Air

A number of institutional investors and hedge funds have recently modified their holdings of the business. Swedbank AB bought a new stake in shares of Sealed Air during the 3rd quarter valued at about $53,681,000. Millennium Management LLC raised its stake in shares of Sealed Air by 38.2% during the second quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock valued at $143,136,000 after purchasing an additional 1,136,985 shares in the last quarter. Appian Way Asset Management LP acquired a new position in shares of Sealed Air during the first quarter valued at approximately $29,877,000. Vanguard Group Inc. boosted 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 valued at $621,380,000 after buying an additional 600,146 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Sealed Air by 33.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company’s stock worth $66,475,000 after purchasing an additional 479,675 shares in the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

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.