Sealed Air Corporation (NYSE:SEE) Receives $38.27 Consensus Price Target from Analysts

Key Points

• Sealed Air Corporation has received an average rating of "Moderate Buy" from ten brokerages, with an average price target of $38.27.
• The company reported earnings of $0.81 per share for the last quarter, exceeding expectations of $0.67, but experienced a 4.4% decline in revenue year-over-year.
• Sealed Air plans to pay a quarterly dividend of $0.20 per share on September 26th, representing a dividend yield of 2.69%.

Shares of Sealed Air Corporation (NYSE:SEE - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $38.27.

A number of research analysts have issued reports on SEE shares. Citigroup raised their price target on shares of Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Wells Fargo & Company upped their price objective on shares of Sealed Air from $39.00 to $43.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Mizuho boosted their target price on shares of Sealed Air from $34.00 to $37.00 and gave the company an "outperformer" rating in a research report on Tuesday, July 15th. Finally, Truist Financial increased their price target on Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, July 11th.

Sealed Air Stock Performance

Shares of NYSE SEE traded down $0.81 during midday trading on Thursday, reaching $28.46. The company had a trading volume of 1,253,406 shares, compared to its average volume of 1,571,023. The business's 50-day simple moving average is $31.56 and its 200 day simple moving average is $31.07. The stock has a market cap of $4.19 billion, a P/E ratio of 14.09, a P/E/G ratio of 2.71 and a beta of 1.35. 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 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 5.26.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.14. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. Sealed Air had a net margin of 5.55% and a return on equity of 65.49%. The business's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the company posted $0.78 earnings per share. On average, analysts forecast that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, September 12th. Sealed Air's dividend payout ratio (DPR) is currently 39.60%.

Institutional Investors Weigh In On Sealed Air

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL acquired a new position in Sealed Air during the first quarter worth about $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Sealed Air during the fourth quarter worth about $27,000. North Capital Inc. acquired a new position in Sealed Air during the first quarter worth about $30,000. Brown Brothers Harriman & Co. boosted its position in Sealed Air by 89.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company's stock worth $51,000 after acquiring an additional 712 shares during the last quarter. Finally, CX Institutional acquired a new position in Sealed Air in the 1st quarter valued at about $52,000. Hedge funds and other institutional investors 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.