Sealed Air Corporation (NYSE:SEE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Sealed Air Corporation (NYSE:SEE) have been given an average recommendation of “Moderate Buy” by the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $42.8333.

A number of research firms have recently commented on SEE. Morgan Stanley boosted their price objective on Sealed Air from $31.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Truist Financial reissued a “buy” rating and issued a $45.00 price target (up previously from $40.00) on shares of Sealed Air in a report on Wednesday, November 5th. Citigroup upped their price objective on shares of Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. UBS Group lifted their target price on shares of Sealed Air from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, Royal Bank Of Canada upped their price target on shares of Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th.

Institutional Investors Weigh In On Sealed Air

A number of hedge funds have recently modified their holdings of the business. Johnson Financial Group Inc. purchased a new stake in Sealed Air during the 3rd quarter valued at about $27,000. Atlantic Union Bankshares Corp acquired a new position in shares of Sealed Air during the 2nd quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Sealed Air by 383.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 664 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Sealed Air in the first quarter valued at approximately $26,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Sealed Air by 334.4% in the second quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 739 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Trading Up 0.2%

SEE stock opened at $42.82 on Wednesday. Sealed Air has a 52-week low of $22.78 and a 52-week high of $44.27. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 4.18. The firm has a market cap of $6.30 billion, a P/E ratio of 21.63, a PEG ratio of 2.40 and a beta of 1.35. The company’s 50-day simple moving average is $37.18 and its 200-day simple moving average is $33.64.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.19. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. As a group, equities analysts forecast that Sealed Air will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Sealed Air’s dividend payout ratio is presently 25.97%.

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.