Brokerages Set Sealed Air Co. (NYSE:SEE) Target Price at $40.25

Shares of Sealed Air Co. (NYSE:SEE) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $40.25.

SEE has been the subject of several research reports. UBS Group increased their price target on shares of Sealed Air from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Truist Financial raised their price target on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 6th. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Citigroup decreased their price objective on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company upped their price objective on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th.

Insider Activity at Sealed Air

In related news, Director Henry R. Keizer bought 1,120 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the purchase, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,050,000. The trade was a 3.31 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sealed Air

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP increased its position in Sealed Air by 9.2% during the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after buying an additional 311 shares in the last quarter. Arizona State Retirement System raised its stake in Sealed Air by 0.8% in the 4th quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company’s stock worth $1,430,000 after acquiring an additional 348 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its position in Sealed Air by 0.8% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company’s stock worth $1,470,000 after acquiring an additional 350 shares during the period. Choreo LLC raised its stake in shares of Sealed Air by 3.7% in the fourth quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 351 shares during the last quarter. Finally, Metis Global Partners LLC lifted its holdings in shares of Sealed Air by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company’s stock worth $306,000 after purchasing an additional 375 shares during the period. Institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Performance

Sealed Air stock opened at $29.02 on Friday. Sealed Air has a fifty-two week low of $28.67 and a fifty-two week high of $41.14. The stock’s 50 day simple moving average is $32.64 and its two-hundred day simple moving average is $34.39. 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 has a market cap of $4.23 billion, a price-to-earnings ratio of 10.67 and a beta of 1.32.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share. As a group, 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 was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Friday, March 14th. Sealed Air’s dividend payout ratio is currently 44.20%.

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.