Sealed Air Co. (NYSE:SEE) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Sealed Air Co. (NYSE:SEE - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve ratings firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $38.00.

SEE has been the subject of several recent analyst reports. Mizuho dropped their price objective on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Truist Financial dropped their price objective on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company lifted their price objective on shares of Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Jefferies Financial Group set a $36.00 price objective on shares of Sealed Air in a research note on Tuesday, March 4th.

Sealed Air Price Performance

Shares of SEE stock traded down $1.38 on Wednesday, reaching $30.88. The company's stock had a trading volume of 944,844 shares, compared to its average volume of 1,539,781. The stock's fifty day simple moving average is $29.72 and its 200-day simple moving average is $31.94. Sealed Air has a 1 year low of $22.78 and a 1 year high of $38.85. 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 company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 11.35 and a beta of 1.37.

Sealed Air (NYSE:SEE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.14. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the firm posted $0.78 earnings per share. Sealed Air's revenue for the quarter was down 4.4% compared to the same quarter last year. Analysts forecast that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Friday, June 13th. Sealed Air's dividend payout ratio is currently 39.60%.

Institutional Trading of Sealed Air

Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Sealed Air in the fourth quarter valued at about $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Sealed Air in the first quarter valued at about $26,000. North Capital Inc. bought a new stake in shares of Sealed Air in the first quarter valued at about $30,000. Manchester Capital Management LLC raised its holdings 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 valued at $41,000 after acquiring an additional 700 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sealed Air in the fourth quarter valued at about $45,000. 94.40% of the stock is currently owned by institutional investors.

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.