Sealed Air Co. (NYSE:SEE) Receives $41.00 Consensus Price Target from Brokerages

Sealed Air Co. (NYSE:SEE) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $41.00.

A number of equities analysts have weighed in on the company. Raymond James upgraded Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research note on Thursday, October 17th. Royal Bank of Canada dropped their target price on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Jefferies Financial Group lowered shares of Sealed Air from a “buy” rating to a “hold” rating and decreased their price target for the stock from $47.00 to $35.00 in a report on Friday, August 9th. StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. reduced their target price on Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th.

Institutional Investors Weigh In On Sealed Air

Large investors have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Sealed Air by 10.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 156,578 shares of the industrial products company’s stock worth $5,828,000 after purchasing an additional 15,174 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in Sealed Air by 90.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 48,479 shares of the industrial products company’s stock worth $1,804,000 after buying an additional 23,029 shares during the period. Deprince Race & Zollo Inc. grew its position in shares of Sealed Air by 1.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company’s stock worth $64,571,000 after buying an additional 24,940 shares during the last quarter. Van ECK Associates Corp purchased a new position in shares of Sealed Air during the second quarter valued at approximately $2,098,000. Finally, Empowered Funds LLC bought a new position in shares of Sealed Air during the third quarter valued at approximately $1,497,000. Institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Up 2.0 %

SEE stock opened at $36.61 on Friday. Sealed Air has a fifty-two week low of $30.87 and a fifty-two week high of $41.14. The stock has a fifty day moving average of $35.74 and a 200-day moving average of $35.85. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 4.97 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.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.12. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. As a group, equities research analysts predict that Sealed Air will post 3.06 earnings per share for the current year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.20 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.80 annualized dividend and a yield of 2.19%. Sealed Air’s payout ratio is currently 29.41%.

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.