Sealed Air Co. (NYSE:SEE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Sealed Air Co. (NYSE:SEE) have been given an average recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $41.00.

A number of research analysts have recently issued reports on SEE shares. Truist Financial dropped their target price on Sealed Air from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Raymond James raised shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research note on Thursday, October 17th. Morgan Stanley started coverage on shares of Sealed Air in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 target price for the company. Royal Bank of Canada dropped their price target on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 17th. Finally, StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its holdings in Sealed Air by 19.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 16,494 shares of the industrial products company’s stock valued at $574,000 after acquiring an additional 2,668 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Sealed Air by 2.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 73,300 shares of the industrial products company’s stock worth $2,550,000 after purchasing an additional 1,800 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Sealed Air by 5.8% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,970 shares of the industrial products company’s stock valued at $660,000 after buying an additional 1,040 shares during the last quarter. Family Firm Inc. purchased a new position in Sealed Air during the second quarter worth $26,000. Finally, Easterly Investment Partners LLC acquired a new position in shares of Sealed Air in the second quarter worth $7,926,000. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Up 0.3 %

SEE stock opened at $34.03 on Wednesday. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 4.97 and a beta of 1.34. The company has a fifty day moving average price of $35.93 and a 200 day moving average price of $35.47. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. Sealed Air has a 12 month low of $30.87 and a 12 month high of $41.14.

Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company earned $0.77 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. Sell-side analysts expect that Sealed Air will post 3.06 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.20 per share. The ex-dividend date was Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.35%. Sealed Air’s payout ratio is 29.41%.

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.