Sealed Air Co. (NYSE:SEE) Receives $70.14 Average Price Target from Brokerages

Sealed Air Co. (NYSE:SEEGet Rating) has been given a consensus rating of “Buy” by the sixteen analysts that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $71.23.

Several research firms recently commented on SEE. Wells Fargo & Company upped their price target on shares of Sealed Air from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 22nd. Morgan Stanley upgraded shares of Sealed Air from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $61.00 to $79.00 in a research report on Thursday, January 20th. Robert W. Baird downgraded shares of Sealed Air from an “outperform” rating to a “neutral” rating and set a $72.00 price target for the company. in a research report on Tuesday, January 4th. Mizuho upped their price target on shares of Sealed Air from $68.00 to $72.00 in a research report on Friday, February 18th. Finally, Credit Suisse Group began coverage on shares of Sealed Air in a research report on Friday, January 28th. They set an “outperform” rating and a $80.00 price objective for the company.

Several institutional investors and hedge funds have recently made changes to their positions in SEE. Exchange Traded Concepts LLC grew its stake in Sealed Air by 1.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,071 shares of the industrial products company’s stock valued at $679,000 after acquiring an additional 183 shares during the last quarter. Advisor Partners LLC grew its stake in Sealed Air by 2.2% in the 4th quarter. Advisor Partners LLC now owns 10,621 shares of the industrial products company’s stock valued at $717,000 after acquiring an additional 232 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Sealed Air by 6.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 4,588 shares of the industrial products company’s stock valued at $251,000 after acquiring an additional 265 shares during the last quarter. Clifford Capital Partners LLC grew its stake in Sealed Air by 0.5% in the 3rd quarter. Clifford Capital Partners LLC now owns 50,530 shares of the industrial products company’s stock valued at $2,769,000 after acquiring an additional 276 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in Sealed Air by 2.1% in the 3rd quarter. CIBC Asset Management Inc now owns 13,679 shares of the industrial products company’s stock valued at $749,000 after acquiring an additional 281 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Shares of Sealed Air stock traded up $0.12 during trading hours on Monday, hitting $67.42. The company had a trading volume of 450,031 shares, compared to its average volume of 731,609. The company’s 50-day moving average is $66.80 and its two-hundred day moving average is $64.54. Sealed Air has a twelve month low of $46.79 and a twelve month high of $70.72. The company has a debt-to-equity ratio of 12.95, a current ratio of 1.03 and a quick ratio of 0.67. The company has a market cap of $9.99 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24.

Sealed Air (NYSE:SEEGet Rating) last released its quarterly earnings results on Thursday, February 17th. The industrial products company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). Sealed Air had a net margin of 9.16% and a return on equity of 378.45%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the company earned $0.89 EPS. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. Sell-side analysts expect that Sealed Air will post 4.11 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 11th were issued a $0.20 dividend. The ex-dividend date was Thursday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.19%. Sealed Air’s dividend payout ratio is presently 24.02%.

About Sealed Air (Get Rating)

Sealed Air Corp. engages in the provision of food safety and security, facility hygiene, and product protection services. It operates through the Food segment and Protective segments. The Food segment services perishable food processors in fresh red meat, smoked and processed meat, poultry, seafood, plant-based, and dairy markets.

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Analyst Recommendations for Sealed Air (NYSE:SEE)

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