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

Shares of Sealed Air Co. (NYSE:SEE) have been given a consensus rating of “Moderate Buy” by the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $44.18.

A number of analysts recently commented on SEE shares. Mizuho decreased their price target on Sealed Air from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Truist Financial raised Sealed Air from a “hold” rating to a “buy” rating and increased their price target for the company from $39.00 to $44.00 in a research report on Monday. Wells Fargo & Company raised Sealed Air from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $35.00 to $43.00 in a research report on Thursday, January 11th. Finally, Wolfe Research started coverage on Sealed Air in a research report on Friday, March 1st. They set a “peer perform” rating for the company.

Hedge Funds Weigh In On Sealed Air

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Sealed Air by 13.7% in the first quarter. BlackRock Inc. now owns 24,679,011 shares of the industrial products company’s stock worth $1,133,013,000 after acquiring an additional 2,965,808 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Sealed Air by 0.5% in the third quarter. Vanguard Group Inc. now owns 16,853,598 shares of the industrial products company’s stock worth $553,809,000 after acquiring an additional 92,114 shares during the period. State Street Corp boosted its holdings in shares of Sealed Air by 1.2% in the second quarter. State Street Corp now owns 6,191,143 shares of the industrial products company’s stock worth $247,646,000 after acquiring an additional 75,359 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Sealed Air by 2,549.6% in the fourth quarter. Hsbc Holdings PLC now owns 5,340,247 shares of the industrial products company’s stock worth $195,720,000 after acquiring an additional 5,138,700 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Sealed Air by 70.1% in the third quarter. Invesco Ltd. now owns 5,238,340 shares of the industrial products company’s stock worth $172,132,000 after acquiring an additional 2,159,143 shares during the period. 94.40% of the stock is owned by institutional investors.

Sealed Air Stock Performance

Shares of Sealed Air stock opened at $33.51 on Friday. The company has a market cap of $4.84 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 2.78 and a beta of 1.28. Sealed Air has a 52 week low of $28.50 and a 52 week high of $48.44. The business has a 50 day moving average price of $35.51 and a 200-day moving average price of $34.28. The company has a quick ratio of 0.79, a current ratio of 1.30 and a debt-to-equity ratio of 8.21.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.62 by $0.26. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. Sealed Air had a return on equity of 107.48% and a net margin of 6.22%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. Equities analysts anticipate that Sealed Air will post 2.85 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Thursday, March 7th. Sealed Air’s dividend payout ratio is currently 33.90%.

About Sealed Air

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.