Sealed Air Co. (NYSE:SEE) Receives $41.00 Average Target Price from Analysts

Sealed Air Co. (NYSE:SEE) has been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $41.00.

SEE has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on Sealed Air from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Raymond James upgraded Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research note on Thursday, October 17th. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Truist Financial reduced their target price on shares of Sealed Air from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Sealed Air from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th.

Sealed Air Price Performance

NYSE:SEE opened at $36.24 on Friday. Sealed Air has a 52-week low of $30.87 and a 52-week high of $41.14. The company has a market cap of $5.28 billion, a P/E ratio of 13.32, a P/E/G ratio of 5.06 and a beta of 1.34. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The stock’s 50-day simple moving average is $35.77 and its 200 day simple moving average is $35.83.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 EPS. As a group, sell-side analysts forecast that Sealed Air will post 3.06 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.21%. Sealed Air’s dividend payout ratio (DPR) is currently 29.41%.

Institutional Trading of Sealed Air

Large investors have recently bought and sold shares of the business. Family Firm Inc. acquired a new position in Sealed Air during the second quarter worth about $26,000. Strategic Investment Solutions Inc. IL acquired a new position in Sealed Air during the 2nd quarter worth approximately $34,000. Allspring Global Investments Holdings LLC lifted its stake in Sealed Air by 100.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,833 shares of the industrial products company’s stock valued at $99,000 after purchasing an additional 1,422 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Sealed Air by 523.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock valued at $101,000 after buying an additional 2,445 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Sealed Air during the second quarter worth $105,000. 94.40% of the stock is owned by institutional investors and hedge funds.

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.