Analysts Set Sealed Air Co. (NYSE:SEE) Target Price at $43.33

Shares of Sealed Air Co. (NYSE:SEE) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $43.33.

A number of analysts have recently issued reports on SEE shares. Truist Financial reissued a “buy” rating and issued a $44.00 price target on shares of Sealed Air in a research report on Monday, June 17th. Royal Bank of Canada lowered shares of Sealed Air from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $43.00 to $40.00 in a research report on Friday, July 19th. William Blair reaffirmed a “market perform” rating on shares of Sealed Air in a research report on Thursday, May 2nd. StockNews.com lowered shares of Sealed Air from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Citigroup cut their price objective on shares of Sealed Air from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, July 8th.

Sealed Air Price Performance

NYSE SEE opened at $37.69 on Friday. The company has a 50 day simple moving average of $36.64 and a 200-day simple moving average of $35.72. The company has a debt-to-equity ratio of 7.49, a current ratio of 1.33 and a quick ratio of 0.80. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 4.61 and a beta of 1.35. Sealed Air has a 52-week low of $28.50 and a 52-week high of $47.12.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. Equities research analysts predict that Sealed Air will post 2.86 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, September 13th. This represents a $0.80 annualized dividend and a yield of 2.12%. Sealed Air’s dividend payout ratio (DPR) is presently 32.13%.

Hedge Funds Weigh In On Sealed Air

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invenomic Capital Management LP acquired a new position in Sealed Air during the fourth quarter valued at approximately $6,834,000. BNP Paribas Financial Markets grew its stake in shares of Sealed Air by 158.5% in the fourth quarter. BNP Paribas Financial Markets now owns 322,620 shares of the industrial products company’s stock worth $11,782,000 after acquiring an additional 197,799 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Sealed Air in the fourth quarter worth $2,965,000. State Board of Administration of Florida Retirement System grew its stake in shares of Sealed Air by 9.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 181,455 shares of the industrial products company’s stock worth $6,750,000 after acquiring an additional 15,710 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sealed Air in the first quarter worth $582,000. Institutional investors and hedge funds own 94.40% of the company’s stock.

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.