Sealed Air Corporation (NYSE:SEE) Receives Average Rating of “Moderate Buy” from Brokerages

Sealed Air Corporation (NYSE:SEE) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $38.00.

Several equities research analysts recently weighed in on SEE shares. Truist Financial cut their price objective on Sealed Air from $44.00 to $33.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Mizuho cut their target price on Sealed Air from $39.00 to $32.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Raymond James Financial cut their target price on Sealed Air from $42.00 to $36.00 and set a “strong-buy” rating on the stock in a report on Tuesday, April 22nd. UBS Group raised Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Monday, April 7th. Finally, Wall Street Zen raised Sealed Air from a “hold” rating to a “buy” rating in a report on Friday, June 6th.

Hedge Funds Weigh In On Sealed Air

Several institutional investors have recently added to or reduced their stakes in the business. Focus Partners Wealth lifted its stake in Sealed Air by 66.9% in the first quarter. Focus Partners Wealth now owns 41,184 shares of the industrial products company’s stock valued at $1,190,000 after buying an additional 16,515 shares during the period. Bayforest Capital Ltd lifted its stake in Sealed Air by 559.2% in the first quarter. Bayforest Capital Ltd now owns 14,912 shares of the industrial products company’s stock valued at $431,000 after buying an additional 12,650 shares during the period. Woodline Partners LP acquired a new position in Sealed Air in the first quarter valued at approximately $17,711,000. Empowered Funds LLC raised its position in shares of Sealed Air by 4.1% during the first quarter. Empowered Funds LLC now owns 12,560 shares of the industrial products company’s stock worth $363,000 after purchasing an additional 500 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Sealed Air in the 1st quarter worth $272,000. 94.40% of the stock is owned by institutional investors and hedge funds.

Sealed Air Trading Down 0.9%

Shares of SEE stock opened at $32.55 on Friday. The stock’s fifty day moving average price is $31.21 and its two-hundred day moving average price is $31.40. The company has a market cap of $4.79 billion, a PE ratio of 16.11, a P/E/G ratio of 2.96 and a beta of 1.35. Sealed Air has a fifty-two week low of $22.78 and a fifty-two week high of $38.85. The company has a debt-to-equity ratio of 5.26, a quick ratio of 0.76 and a current ratio of 1.26.

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.14. Sealed Air had a return on equity of 65.49% and a net margin of 5.55%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the business posted $0.78 EPS. Sealed Air’s revenue for the quarter was down 4.4% on a year-over-year basis. Equities analysts predict that Sealed Air will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Friday, June 13th. Sealed Air’s dividend payout ratio (DPR) is presently 39.60%.

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.