Sealed Air Corporation (NYSE:SEE) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Moderate Buy consensus from 12 analysts (seven buy, five hold) with an average 12‑month price target of $44.09.
• Sealed Air beat Q estimates (EPS $0.77 vs. $0.72; revenue $1.40B vs. $1.34B) and analysts project ~3.05 EPS for the year while the stock trades at a ~12.3 P/E.
• The company pays a quarterly dividend of $0.20 ($0.80 annualized, ~1.9% yield) and has high institutional ownership (~94.40%), with large new stakes from FIL, Tudor, Norges Bank and others.

Shares of Sealed Air Corporation (NYSE:SEE - Get Free Report) have been given an average rating of "Moderate Buy" by the twelve analysts that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $44.0909.

A number of equities analysts recently commented on the stock. Truist Financial raised their price objective on shares of Sealed Air from $45.00 to $49.00 and gave the stock a "buy" rating in a research note on Tuesday, January 6th. Raymond James Financial lowered shares of Sealed Air from an "outperform" rating to a "market perform" rating in a research note on Monday, December 22nd. Robert W. Baird reaffirmed a "neutral" rating and issued a $42.00 price objective (down from $45.00) on shares of Sealed Air in a research note on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Sealed Air in a research note on Friday, March 27th.

Sealed Air Trading Up 0.0%

Sealed Air stock opened at $42.10 on Tuesday. The company has a 50 day moving average price of $41.93 and a 200 day moving average price of $40.00. Sealed Air has a 52 week low of $22.78 and a 52 week high of $44.27. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.56 and a current ratio of 0.91. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 12.27 and a beta of 1.29.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings data on Monday, March 2nd. The industrial products company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.05. Sealed Air had a net margin of 9.43% and a return on equity of 47.21%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business posted $0.75 EPS. The company's revenue was up 2.0% on a year-over-year basis. Research analysts forecast that Sealed Air will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Sealed Air's dividend payout ratio (DPR) is currently 23.32%.

Hedge Funds Weigh In On Sealed Air

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FIL Ltd acquired a new stake in shares of Sealed Air during the 4th quarter valued at $188,465,000. Tudor Investment Corp ET AL acquired a new stake in shares of Sealed Air during the 4th quarter valued at $173,395,000. Norges Bank acquired a new stake in shares of Sealed Air during the 4th quarter valued at $149,948,000. Balyasny Asset Management L.P. boosted its stake in shares of Sealed Air by 2,124.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,891,855 shares of the industrial products company's stock valued at $119,810,000 after buying an additional 2,761,833 shares during the period. Finally, TIG Advisors LLC acquired a new stake in shares of Sealed Air during the 4th quarter valued at $93,728,000. Institutional investors and hedge funds own 94.40% of the company's stock.

Sealed Air Company Profile

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air's solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company's product portfolio is organized into three primary segments.

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