Sealed Air Co. (NYSE:SEE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Sealed Air Co. (NYSE:SEE) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $40.17.

A number of analysts have commented on the stock. Morgan Stanley reduced their target price on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Truist Financial upped their price objective on Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Wells Fargo & Company lifted their target price on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Mizuho decreased their price objective on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th.

Hedge Funds Weigh In On Sealed Air

Several institutional investors have recently bought and sold shares of SEE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Sealed Air during the 4th quarter valued at about $27,000. Manchester Capital Management LLC lifted its position in shares of Sealed Air by 139.4% in the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock worth $41,000 after buying an additional 700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Sealed Air during the fourth quarter valued at approximately $45,000. GAMMA Investing LLC boosted its stake in Sealed Air by 218.0% during the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after buying an additional 907 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in Sealed Air by 89.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company’s stock valued at $51,000 after buying an additional 712 shares in the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Stock Performance

Shares of SEE stock opened at $31.93 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The company has a 50 day moving average price of $33.89 and a 200-day moving average price of $34.87. Sealed Air has a 52 week low of $30.87 and a 52 week high of $41.14. The firm has a market capitalization of $4.65 billion, a PE ratio of 11.74 and a beta of 1.32.

Sealed Air (NYSE:SEE) last posted its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 EPS. As a group, equities research analysts expect that Sealed Air will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

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