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

Sealed Air Co. (NYSE:SEE) has earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $38.00.

SEE has been the topic of several research reports. Wells Fargo & Company raised 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. Truist Financial decreased their target price on Sealed Air from $44.00 to $33.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen raised Sealed Air from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Jefferies Financial Group set a $36.00 price target on Sealed Air in a report on Tuesday, March 4th. Finally, Raymond James cut their price target on Sealed Air from $42.00 to $36.00 and set a “strong-buy” rating for the company in a report on Tuesday, April 22nd.

Sealed Air Stock Performance

NYSE SEE opened at $32.95 on Wednesday. The company has a market cap of $4.84 billion, a PE ratio of 12.11 and a beta of 1.37. The stock’s 50 day simple moving average is $29.26 and its 200-day simple moving average is $32.01. Sealed Air has a 1-year low of $22.78 and a 1-year high of $39.54. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79.

Sealed Air (NYSE:SEE) last released its earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.14. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 earnings per share. As a group, equities research analysts anticipate that Sealed Air will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.80 annualized dividend and a yield of 2.43%. Sealed Air’s dividend payout ratio (DPR) is 39.60%.

Institutional Investors Weigh In On Sealed Air

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its stake in Sealed Air by 148.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 913 shares during the last quarter. A&I Financial Services LLC acquired a new stake in Sealed Air during the fourth quarter worth $527,000. Amundi increased its stake in Sealed Air by 131.6% during the fourth quarter. Amundi now owns 76,479 shares of the industrial products company’s stock worth $2,576,000 after acquiring an additional 43,458 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Sealed Air by 90.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,510,529 shares of the industrial products company’s stock worth $51,101,000 after acquiring an additional 715,668 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Sealed Air by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,646,933 shares of the industrial products company’s stock worth $55,716,000 after acquiring an additional 32,976 shares during the last quarter. 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.