Sealed Air (NYSE:SEE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sealed Air (NYSE:SEE) from a hold rating to a buy rating in a report published on Saturday morning.

Other equities research analysts have also issued reports about the company. Truist Financial upped their price target on Sealed Air from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Mizuho upped their price objective on Sealed Air from $34.00 to $37.00 and gave the company an “outperformer” rating in a report on Tuesday, July 15th. UBS Group upped their price objective on Sealed Air from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Citigroup upped their price objective on Sealed Air from $33.00 to $37.00 and gave the company a “buy” rating in a report on Friday, July 11th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Sealed Air in a report on Tuesday, July 15th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.27.

Sealed Air Price Performance

SEE stock opened at $29.04 on Friday. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71. The business has a 50 day simple moving average of $31.15 and a 200-day simple moving average of $30.74. The firm has a market capitalization of $4.27 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 2.30 and a beta of 1.33. Sealed Air has a 1 year low of $22.78 and a 1 year high of $38.85.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.17. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. Equities research analysts anticipate that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, September 12th. Sealed Air’s dividend payout ratio is 40.40%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Sealed Air during the fourth quarter worth $27,000. Atlantic Union Bankshares Corp acquired a new position in Sealed Air during the second quarter worth $25,000. Strategic Investment Solutions Inc. IL acquired a new position in Sealed Air during the first quarter worth $26,000. Parkside Financial Bank & Trust increased its position in shares of Sealed Air by 334.4% during the second quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 739 shares during the period. Finally, North Capital Inc. purchased a new stake in shares of Sealed Air during the first quarter worth $30,000. 94.40% of the stock is currently owned by institutional investors and hedge funds.

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.