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

Sealed Air Co. (NYSE:SEE - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $38.00.

Several research firms recently weighed in on SEE. UBS Group upgraded 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 report on Monday, April 7th. Mizuho cut their price target on Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company lifted their price objective on Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, Raymond James reduced their target price on shares of Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 22nd.

Hedge Funds Weigh In On Sealed Air

Hedge funds and other institutional investors have recently made changes to their positions in the company. Arizona State Retirement System raised its stake in Sealed Air by 0.8% during the 4th quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company's stock worth $1,430,000 after buying an additional 348 shares during the period. Horizon Kinetics Asset Management LLC increased its holdings in shares of Sealed Air by 0.8% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company's stock worth $1,470,000 after acquiring an additional 350 shares in the last quarter. Choreo LLC raised its position in shares of Sealed Air by 3.7% during the fourth quarter. Choreo LLC now owns 9,829 shares of the industrial products company's stock worth $331,000 after purchasing an additional 351 shares during the period. Metis Global Partners LLC lifted its holdings in shares of Sealed Air by 4.3% during the 4th quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company's stock valued at $306,000 after purchasing an additional 375 shares in the last quarter. Finally, Truist Financial Corp grew its position in shares of Sealed Air by 3.3% in the 4th quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company's stock valued at $399,000 after purchasing an additional 377 shares during the period. 94.40% of the stock is owned by institutional investors.

Sealed Air Price Performance

Shares of NYSE:SEE traded down $0.68 during trading on Wednesday, reaching $32.27. The stock had a trading volume of 860,115 shares, compared to its average volume of 1,539,005. The stock has a market capitalization of $4.75 billion, a PE ratio of 11.86 and a beta of 1.37. 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 has a 52 week low of $22.78 and a 52 week high of $39.54. The business's 50-day moving average price is $29.26 and its 200 day moving average price is $32.01.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.14. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The business's revenue was down 4.4% on a year-over-year basis. As a group, equities analysts predict that Sealed Air will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The company 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 $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Friday, June 13th. Sealed Air's payout ratio is presently 39.60%.

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.