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

Sealed Air Co. (NYSE:SEE) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $38.00.

SEE has been the topic of a number of recent analyst reports. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Raymond James dropped their target price on Sealed Air from $42.00 to $36.00 and set a “strong-buy” rating for the company in a research report on Tuesday, April 22nd. Truist Financial dropped their target price on Sealed Air from $44.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company boosted their target price on Sealed Air from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, Mizuho dropped their target price on Sealed Air from $39.00 to $32.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th.

Insider Activity at Sealed Air

In related news, Director Henry R. Keizer acquired 1,120 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the acquisition, the director now owns 35,000 shares of the company’s stock, valued at $1,050,000. This trade represents a 3.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sealed Air

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its position in Sealed Air by 0.8% during the fourth quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company’s stock valued at $1,430,000 after purchasing an additional 348 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its position in Sealed Air by 0.8% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company’s stock valued at $1,470,000 after purchasing an additional 350 shares during the last quarter. Choreo LLC boosted its position in Sealed Air by 3.7% during the fourth quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 351 shares during the last quarter. Metis Global Partners LLC boosted its position in Sealed Air by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 375 shares during the last quarter. Finally, Truist Financial Corp boosted its position in Sealed Air by 3.3% during the fourth quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company’s stock valued at $399,000 after purchasing an additional 377 shares during the last quarter. Institutional investors own 94.40% of the company’s stock.

Sealed Air Price Performance

Sealed Air stock opened at $32.35 on Friday. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The firm has a market cap of $4.76 billion, a P/E ratio of 11.89 and a beta of 1.35. The business’s fifty day moving average is $28.28 and its two-hundred day moving average is $32.45. Sealed Air has a 52 week low of $22.78 and a 52 week high of $41.14.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.14. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Equities research analysts forecast that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.47%. Sealed Air’s dividend payout ratio is presently 39.60%.

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.