Sealed Air Co. (NYSE:SEE) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Sealed Air Co. (NYSE:SEE - Get Free Report) has received a consensus rating of "Moderate Buy" from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $38.00.

Several equities research analysts have weighed in on SEE shares. Truist Financial cut their price target on Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a report on Tuesday. Morgan Stanley lowered their price target 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. Wells Fargo & Company raised their price objective on shares of Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group set a $36.00 price target on Sealed Air in a research note on Tuesday, March 4th.

Sealed Air Trading Down 0.6 %

Sealed Air stock traded down $0.16 during midday trading on Tuesday, reaching $27.62. 1,928,272 shares of the stock traded hands, compared to its average volume of 1,543,338. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The firm has a market cap of $4.06 billion, a PE ratio of 10.15 and a beta of 1.35. The company has a 50-day simple moving average of $29.05 and a two-hundred day simple moving average of $33.07. Sealed Air has a 12-month low of $22.78 and a 12-month high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 earnings per share. Research analysts expect that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.90%. Sealed Air's dividend payout ratio is presently 44.20%.

Insider Buying and Selling at Sealed Air

In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $30.00 per share, with a total value of $33,600.00. Following the transaction, the director now owns 35,000 shares of the company's stock, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sealed Air

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System lifted its position in Sealed Air by 2.4% during the 1st quarter. New York State Teachers Retirement System now owns 170,875 shares of the industrial products company's stock worth $4,938,000 after acquiring an additional 4,043 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of Sealed Air by 5.9% during the first quarter. Illinois Municipal Retirement Fund now owns 82,738 shares of the industrial products company's stock worth $2,391,000 after purchasing an additional 4,623 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Sealed Air by 7.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 56,323 shares of the industrial products company's stock worth $1,628,000 after purchasing an additional 3,664 shares during the period. Manning & Napier Advisors LLC grew its position in Sealed Air by 200.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 60,000 shares of the industrial products company's stock valued at $1,734,000 after buying an additional 40,000 shares during the last quarter. Finally, Wolf Group Capital Advisors acquired a new position in Sealed Air in the 1st quarter valued at $657,000. Hedge funds and other institutional investors own 94.40% of the company's stock.

About Sealed Air

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.