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

Shares of Sealed Air Corporation (NYSE:SEE) have been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $44.0909.

A number of equities analysts recently commented on the stock. Truist Financial raised their price objective on shares of Sealed Air from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Raymond James Financial lowered shares of Sealed Air from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Robert W. Baird reaffirmed a “neutral” rating and issued a $42.00 price objective (down from $45.00) on shares of Sealed Air in a research note on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sealed Air in a research note on Friday, March 27th.

Sealed Air Trading Up 0.0%

Sealed Air stock opened at $42.10 on Tuesday. The company has a 50 day moving average price of $41.93 and a 200 day moving average price of $40.00. Sealed Air has a 52 week low of $22.78 and a 52 week high of $44.27. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.56 and a current ratio of 0.91. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 12.27 and a beta of 1.29.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Monday, March 2nd. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. Sealed Air had a net margin of 9.43% and a return on equity of 47.21%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business posted $0.75 EPS. The company’s revenue was up 2.0% on a year-over-year basis. Research analysts forecast that Sealed Air will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Sealed Air’s dividend payout ratio (DPR) is currently 23.32%.

Hedge Funds Weigh In On Sealed Air

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FIL Ltd acquired a new stake in shares of Sealed Air during the 4th quarter valued at $188,465,000. Tudor Investment Corp ET AL acquired a new stake in shares of Sealed Air during the 4th quarter valued at $173,395,000. Norges Bank acquired a new stake in shares of Sealed Air during the 4th quarter valued at $149,948,000. Balyasny Asset Management L.P. boosted its stake in shares of Sealed Air by 2,124.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,891,855 shares of the industrial products company’s stock valued at $119,810,000 after buying an additional 2,761,833 shares during the period. Finally, TIG Advisors LLC acquired a new stake in shares of Sealed Air during the 4th quarter valued at $93,728,000. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Company Profile

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.