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

Shares of Sealed Air Corporation (NYSE:SEE) have been given a consensus rating of “Moderate Buy” by the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $44.0909.

SEE has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sealed Air in a research note on Monday, December 29th. Raymond James Financial downgraded Sealed Air from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Robert W. Baird restated a “neutral” rating and issued a $42.00 price target (down from $45.00) on shares of Sealed Air in a research report on Thursday, December 18th. Wall Street Zen downgraded Sealed Air from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price objective (up from $43.80) on shares of Sealed Air in a research report on Monday, November 17th.

Institutional Trading of Sealed Air

Several large investors have recently modified their holdings of SEE. 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 holdings in Sealed Air by 383.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock valued at $26,000 after buying an additional 664 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in Sealed Air during the third quarter worth $27,000. Los Angeles Capital Management LLC purchased a new position in Sealed Air during the fourth quarter worth $28,000. Finally, Parkside Financial Bank & Trust raised 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 worth $30,000 after acquiring an additional 739 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Stock Down 0.1%

SEE stock opened at $41.93 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.56 and a debt-to-equity ratio of 2.65. The company’s 50-day moving average price is $41.83 and its 200 day moving average price is $38.84. Sealed Air has a 52 week low of $22.78 and a 52 week high of $44.27. The company has a market cap of $6.18 billion, a P/E ratio of 12.22 and a beta of 1.35.

Sealed Air (NYSE:SEE) last issued its earnings results on Monday, March 2nd. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a net margin of 9.43% and a return on equity of 47.21%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. On average, research analysts expect that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, March 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Sealed Air’s payout ratio is presently 23.32%.

About Sealed Air

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.