Sealed Air Corporation (NYSE:SEE) Receives $38.00 Consensus Target Price from Analysts

Sealed Air Corporation (NYSE:SEE - Get Free Report) has been given an average rating of "Moderate Buy" by the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $38.00.

SEE has been the topic of several recent research reports. UBS Group upgraded Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price objective on the stock in a research report on Monday, April 7th. Raymond James Financial dropped their price target on Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating for the company in a research note on Tuesday, April 22nd. Mizuho decreased their target price on Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, Truist Financial dropped their price target on Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd.

Hedge Funds Weigh In On Sealed Air

A number of institutional investors have recently made changes to their positions in SEE. Strategic Investment Solutions Inc. IL bought a new position in Sealed Air during the first quarter valued at about $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Sealed Air in the 4th quarter valued at $27,000. North Capital Inc. bought a new stake in Sealed Air in the 1st quarter valued at approximately $30,000. Smartleaf Asset Management LLC grew its holdings in shares of Sealed Air by 148.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 913 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in Sealed Air by 89.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 712 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors.

Sealed Air Stock Performance

Sealed Air stock traded up $0.31 during mid-day trading on Friday, hitting $32.04. The company had a trading volume of 1,045,530 shares, compared to its average volume of 1,547,221. Sealed Air has a 12-month low of $22.78 and a 12-month high of $38.85. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 2.90 and a beta of 1.35. 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 company's fifty day moving average is $31.29 and its 200-day moving average is $31.37.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 65.49% and a net margin of 5.55%. The business's quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. Equities research analysts predict 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, June 27th. Investors of record on Friday, June 13th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, June 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.50%. Sealed Air's dividend payout ratio is 39.60%.

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.