Sealed Air Corporation (NYSE:SEE) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Sealed Air Corporation (NYSE:SEE - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twelve research firms that are covering the firm, MarketBeat.com reports. Four equities 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 12 month price objective among brokerages that have covered the stock in the last year is $38.00.

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

Sealed Air Stock Down 2.2%

Shares of NYSE:SEE traded down $0.73 during trading on Friday, hitting $31.73. 1,041,606 shares of the company's stock traded hands, compared to its average volume of 1,546,799. 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 has a 52 week low of $22.78 and a 52 week high of $38.85. The company has a 50-day moving average price of $31.21 and a 200-day moving average price of $31.38. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 15.71, 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 quarterly earnings data 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 the consensus estimate 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 company earned $0.78 earnings per share. As a group, research analysts forecast that Sealed Air will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Friday, June 13th. Sealed Air's dividend payout ratio is currently 39.60%.

Hedge Funds Weigh In On Sealed Air

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL bought a new position in shares of Sealed Air in the first quarter worth $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sealed Air in the 4th quarter valued at about $27,000. North Capital Inc. acquired a new position in shares of Sealed Air in the 1st quarter valued at approximately $30,000. Smartleaf Asset Management LLC raised its position 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 buying an additional 913 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Sealed Air by 89.0% during the 4th 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 period. 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.