Sealed Air Corporation (NYSE:SEE) Given Consensus Recommendation of "Moderate Buy" by Analysts

Sealed Air Corporation (NYSE:SEE - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twelve ratings firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $38.00.

A number of equities research analysts have recently commented on SEE shares. Mizuho lowered their price target on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Wall Street Zen upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Raymond James Financial lowered their price target on shares of Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 22nd. Truist Financial lowered their price target on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group upgraded shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price for the company in a report on Monday, April 7th.

Sealed Air Stock Performance

NYSE:SEE opened at $32.55 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 5.26. The firm has a 50-day moving average price of $31.21 and a two-hundred day moving average price of $31.40. Sealed Air has a twelve month low of $22.78 and a twelve month high of $38.85. The company has a market capitalization of $4.79 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 2.96 and a beta of 1.35.

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 the consensus estimate of $0.67 by $0.14. Sealed Air had a net margin of 5.55% and a return on equity of 65.49%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the firm posted $0.78 EPS. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. As a group, research analysts expect that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.46%. Sealed Air's dividend payout ratio (DPR) is 39.60%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System lifted its position in Sealed Air by 0.8% during the fourth quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company's stock valued at $1,430,000 after buying an additional 348 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its position in shares of Sealed Air by 0.8% during 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 purchasing an additional 350 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Sealed Air by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 63,960 shares of the industrial products company's stock worth $2,164,000 after purchasing an additional 400 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Sealed Air by 30.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,897 shares of the industrial products company's stock worth $64,000 after buying an additional 444 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Sealed Air by 1.5% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 30,526 shares of the industrial products company's stock worth $1,033,000 after buying an additional 448 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

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.

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