Sealed Air Co. (NYSE:SEE) Receives $40.17 Average Price Target from Brokerages

Sealed Air Co. (NYSE:SEE) has received an average rating of “Moderate Buy” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $40.17.

SEE has been the subject of a number of recent research reports. Morgan Stanley reduced their price objective on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Mizuho reduced their price objective on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their price target on shares of Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Finally, UBS Group boosted their price target on shares of Sealed Air from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th.

Sealed Air Trading Up 2.6 %

NYSE:SEE opened at $31.85 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The stock has a market capitalization of $4.64 billion, a PE ratio of 11.71 and a beta of 1.34. The firm’s 50 day moving average is $34.04 and its 200 day moving average is $34.91. Sealed Air has a 12 month low of $30.87 and a 12 month high of $41.14.

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the business earned $0.88 EPS. Sealed Air’s revenue was down .4% compared to the same quarter last year. Sell-side analysts expect that Sealed Air will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.51%. Sealed Air’s dividend payout ratio (DPR) is currently 44.20%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SEE. QSM Asset Management Ltd purchased a new stake in shares of Sealed Air during the fourth quarter worth about $5,565,000. Mackenzie Financial Corp purchased a new stake in shares of Sealed Air during the fourth quarter worth about $231,000. Castlekeep Investment Advisors LLC purchased a new stake in shares of Sealed Air during the fourth quarter worth about $372,000. PharVision Advisers LLC purchased a new stake in shares of Sealed Air during the fourth quarter worth about $301,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Sealed Air by 14.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 377,470 shares of the industrial products company’s stock worth $12,770,000 after purchasing an additional 48,483 shares during the period. 94.40% of the stock is owned by institutional investors.

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.