Sealed Air Corp (NYSE:SEE) Receives $42.70 Average Price Target from Brokerages

Sealed Air Corp (NYSE:SEE) has been assigned a consensus rating of “Hold” from the fourteen research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $42.70.

SEE has been the topic of several research reports. Morgan Stanley set a $60.00 price target on shares of Berry Global Group and gave the company a “hold” rating in a research report on Wednesday, April 17th. Zacks Investment Research lowered shares of Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. KeyCorp upped their target price on shares of SBA Communications from $215.00 to $252.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. They noted that the move was a valuation call. Finally, Bank of America set a $300.00 target price on shares of IDEXX Laboratories and gave the stock a “buy” rating in a report on Friday, June 21st.

In other news, CEO Edward L. Doheny II bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average price of $45.00 per share, with a total value of $225,000.00. Following the acquisition, the chief executive officer now owns 167,246 shares of the company’s stock, valued at approximately $7,526,070. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.53% of the company’s stock.



A number of hedge funds have recently added to or reduced their stakes in the business. MML Investors Services LLC boosted its stake in shares of Sealed Air by 3.9% in the 4th quarter. MML Investors Services LLC now owns 8,921 shares of the industrial products company’s stock valued at $311,000 after purchasing an additional 333 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its stake in shares of Sealed Air by 3.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 8,884 shares of the industrial products company’s stock valued at $409,000 after purchasing an additional 333 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Sealed Air by 5.8% in the 4th quarter. Stifel Financial Corp now owns 6,114 shares of the industrial products company’s stock valued at $214,000 after purchasing an additional 335 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of Sealed Air by 2.9% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 14,829 shares of the industrial products company’s stock valued at $683,000 after purchasing an additional 422 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in shares of Sealed Air by 95.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 969 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 472 shares in the last quarter. 98.30% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE SEE traded down $0.13 during midday trading on Tuesday, hitting $43.18. The company’s stock had a trading volume of 737,018 shares, compared to its average volume of 1,188,746. The company’s fifty day simple moving average is $43.37. Sealed Air has a one year low of $30.22 and a one year high of $47.13. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. Sealed Air had a net margin of 9.57% and a negative return on equity of 112.27%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts forecast that Sealed Air will post 2.73 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, September 5th. Sealed Air’s dividend payout ratio (DPR) is presently 25.60%.

About Sealed Air

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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Analyst Recommendations for Sealed Air (NYSE:SEE)

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