Brokerages Set Sealed Air Co. (NYSE:SEE) PT at $44.90

Sealed Air Co. (NYSE:SEE) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $44.90.

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

Hedge Funds Weigh In On Sealed Air

Several hedge funds have recently bought and sold shares of the business. CVA Family Office LLC purchased a new stake in shares of Sealed Air during the fourth quarter valued at $27,000. Bruce G. Allen Investments LLC bought a new position in Sealed Air in the 4th quarter worth about $29,000. Fidelis Capital Partners LLC purchased a new position in shares of Sealed Air during the first quarter worth approximately $31,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Sealed Air by 81.9% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 449 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Sealed Air in the third quarter valued at approximately $42,000. Institutional investors own 94.40% of the company’s stock.

Sealed Air Trading Down 1.1 %

Shares of SEE stock opened at $34.79 on Wednesday. Sealed Air has a 1 year low of $28.50 and a 1 year high of $47.12. The firm has a fifty day moving average price of $36.49 and a 200-day moving average price of $35.85. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 13.97, a PEG 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 (NYSE:SEE) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.25. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. Sealed Air’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities analysts predict that Sealed Air will post 2.89 earnings per share for the current year.

Sealed Air Announces Dividend

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

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.