Sealed Air Corporation (NYSE:SEE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Sealed Air Corporation (NYSE:SEE) has earned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $38.00.

Several equities research analysts recently weighed in on the stock. Raymond James Financial reduced their price objective on shares of Sealed Air from $42.00 to $36.00 and set a “strong-buy” rating for the company in a report on Tuesday, April 22nd. Wall Street Zen raised shares of Sealed Air from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Mizuho cut their price target on shares of Sealed Air from $39.00 to $32.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Truist Financial cut their price target on shares of Sealed Air from $44.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group raised shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Monday, April 7th.

Sealed Air Stock Down 0.9%

Sealed Air stock opened at $32.55 on Friday. The firm has a market capitalization of $4.79 billion, a P/E ratio of 16.11, a P/E/G ratio of 2.96 and a beta of 1.35. The company has a 50-day simple moving average of $31.21 and a 200-day simple moving average of $31.40. Sealed Air has a one year low of $22.78 and a one year high of $38.85. The company has a debt-to-equity ratio of 5.26, a quick ratio of 0.76 and a current ratio of 1.26.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.14. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Sealed Air had a net margin of 5.55% and a return on equity of 65.49%. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 earnings per share. As a group, equities analysts expect that Sealed Air will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.46%. Sealed Air’s dividend payout ratio is currently 39.60%.

Hedge Funds Weigh In On Sealed Air

A number of hedge funds have recently added to or reduced their stakes in SEE. Brighton Jones LLC bought a new stake in Sealed Air during the fourth quarter worth approximately $737,000. Proficio Capital Partners LLC bought a new stake in shares of Sealed Air in the fourth quarter valued at approximately $717,000. Smartleaf Asset Management LLC boosted its position in shares of Sealed Air by 148.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 913 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Sealed Air by 98.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 778 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Sealed Air by 30.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,897 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 444 shares during the period. 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.