Sealed Air Co. (NYSE:SEE) has earned a consensus rating of “Buy” from the eighteen brokerages that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $61.46.
Several research analysts recently commented on SEE shares. William Blair started coverage on Sealed Air in a research note on Monday, August 23rd. They issued an “outperform” rating on the stock. Robert W. Baird reiterated a “buy” rating and issued a $72.00 price target on shares of Sealed Air in a research note on Friday, September 10th. Truist started coverage on Sealed Air in a research note on Monday, September 13th. They issued a “buy” rating and a $72.00 price target on the stock. BMO Capital Markets boosted their price target on Sealed Air from $52.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, August 5th. They noted that the move was a valuation call. Finally, Truist Securities started coverage on Sealed Air in a report on Tuesday, September 14th. They issued a “buy” rating and a $72.00 price objective for the company.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. acquired a new stake in Sealed Air in the second quarter worth approximately $28,000. Optimum Investment Advisors acquired a new stake in shares of Sealed Air during the 2nd quarter valued at $36,000. Maverick Capital Ltd. acquired a new stake in shares of Sealed Air during the 2nd quarter valued at $114,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Sealed Air by 23.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,370 shares of the industrial products company’s stock valued at $140,000 after acquiring an additional 452 shares during the last quarter. Finally, CSat Investment Advisory L.P. lifted its position in shares of Sealed Air by 32.1% during the 1st quarter. CSat Investment Advisory L.P. now owns 2,492 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 606 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Monday, August 2nd. The industrial products company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Sealed Air had a return on equity of 519.84% and a net margin of 9.56%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Equities research analysts anticipate that Sealed Air will post 3.55 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 17th. Shareholders of record on Friday, September 3rd were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.41%. Sealed Air’s dividend payout ratio (DPR) is 25.08%.
Sealed Air Company Profile
Sealed Air Corp. engages in the provision of food safety and security, facility hygiene, and product protection services. It operates through the Food and Protective segments. The Food segment serves the perishable food processors in fresh red meat, smoked and processed meat, poultry, seafood, plant-based, and dairy markets.
Featured Article: What is a Call Option?
Receive News & Ratings for Sealed Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sealed Air and related companies with MarketBeat.com's FREE daily email newsletter.