Sealed Air Co. (NYSE:SEE) Receives $41.82 Average Price Target from Brokerages

Sealed Air Co. (NYSE:SEE) has been given an average recommendation of “Hold” by the thirteen research firms that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $41.30.

A number of analysts recently weighed in on the company. Royal Bank of Canada downgraded Sealed Air from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $43.00 to $40.00 in a research note on Friday, July 19th. Jefferies Financial Group cut shares of Sealed Air from a “buy” rating to a “hold” rating and lowered their price target for the stock from $47.00 to $35.00 in a research note on Friday, August 9th. UBS Group lowered their target price on shares of Sealed Air from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 17th. Morgan Stanley initiated coverage on Sealed Air in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $39.00 price target on the stock. Finally, Mizuho upgraded Sealed Air from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $36.00 to $50.00 in a research report on Thursday, June 6th.

Sealed Air Price Performance

Shares of NYSE SEE opened at $33.26 on Monday. The stock has a fifty day moving average price of $34.87 and a 200 day moving average price of $35.40. Sealed Air has a 1-year low of $28.50 and a 1-year high of $41.14. The company has a debt-to-equity ratio of 6.81, a current ratio of 1.30 and a quick ratio of 0.79. The company has a market cap of $4.84 billion, a PE ratio of 13.36, a P/E/G ratio of 8.40 and a beta of 1.34.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.19. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Sealed Air had a net margin of 6.64% and a return on equity of 85.65%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 earnings per share. Sell-side analysts forecast that Sealed Air will post 2.93 EPS for the current year.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Friday, September 13th. Sealed Air’s dividend payout ratio is presently 32.13%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in shares of Sealed Air in the second quarter valued at approximately $26,000. Fidelis Capital Partners LLC purchased a new position in shares of Sealed Air during the 1st quarter worth $31,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Sealed Air during the 2nd quarter worth $34,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Sealed Air during the first quarter worth $52,000. Finally, Covestor Ltd grew its position in shares of Sealed Air by 651.2% in the first quarter. Covestor Ltd now owns 1,615 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 1,400 shares during the period. 94.40% of the stock is currently owned by hedge funds and other 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.