Sealed Air Corporation (NYSE:SEE) Receives Consensus Rating of "Moderate Buy" from Brokerages

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

SEE has been the topic of several research analyst reports. UBS Group raised Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price on the stock in a research note on Monday, April 7th. Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Truist Financial dropped their price target on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Mizuho reduced 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. Finally, Raymond James Financial dropped 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.

Institutional Trading of Sealed Air

Several institutional investors and hedge funds have recently modified their holdings of the company. Arizona State Retirement System boosted its stake in shares of Sealed Air by 0.8% in the fourth quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company's stock worth $1,430,000 after acquiring an additional 348 shares during the period. Horizon Kinetics Asset Management LLC lifted its holdings in Sealed Air by 0.8% in the 4th 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 boosted its stake in Sealed Air by 0.6% in the 4th 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 during the period. Steward Partners Investment Advisory LLC grew its holdings in Sealed Air by 30.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,897 shares of the industrial products company's stock valued at $64,000 after buying an additional 444 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Sealed Air by 1.5% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 30,526 shares of the industrial products company's stock valued at $1,033,000 after buying an additional 448 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors.

Sealed Air Trading Down 0.9%

SEE traded down $0.30 during trading on Friday, hitting $32.55. 849,669 shares of the stock traded hands, compared to its average volume of 1,548,828. The firm has a 50-day moving average of $31.21 and a 200 day moving average of $31.40. Sealed Air has a 12-month low of $22.78 and a 12-month high of $38.85. The firm 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. The company has a debt-to-equity ratio of 5.26, a current ratio of 1.26 and a quick ratio of 0.76.

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 (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.14. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. Sealed Air had a return on equity of 65.49% and a net margin of 5.55%. Sealed Air's quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. Equities research analysts anticipate that Sealed Air will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid 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 dividend yield of 2.46%. Sealed Air's dividend payout ratio (DPR) is presently 39.60%.

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.