Sealed Air - SEE Stock Forecast, Price & News

Sealed Air Corporation provides food safety and security, and product protection solutions and equipment in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and 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, and dairy markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, Simple Steps, and Optidure brands. This segment sells its solutions directly to customers through its sales, marketing, and customer service personnel. The Protective segment provides foam, inflatable, suspension and retention, temperature assurance packaging solutions to protect goods to e-commerce, consumer goods, pharmaceutical and medical devices, and industrial manufacturing markets under the SEALED AIR, BUBBLE WRAP, AUTOBAG, SEALED AIR, AUTOBAG, Instapak, Korrvu, Kevothermal, and TempGuard brands. This segment sells its solutions through supply distributors, as well as directly to fabricators, original equipment manufacturers, contract manufacturers, logistics partners, and e-commerce/fulfillment operations. Sealed Air Corporation was incorporated in 1960 and is headquartered in Charlotte, North Carolina.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SEE shares. Credit Suisse Group lowered shares of Sealed Air from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $80.00 to $64.00 in a research report on Wednesday, July 20th. Wells Fargo & Company decreased their price objective on Sealed Air from $71.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Monday, July 18th. Royal Bank of Canada upgraded Sealed Air from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $66.00 to $70.00 in a research report on Wednesday, August 3rd. Morgan Stanley decreased their price target on Sealed Air from $79.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, August 4th. Finally, Robert W. Baird dropped their price objective on Sealed Air to $67.00 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $69.33.

Sealed Air Price Performance

SEE Stock opened at $56.42 on Wednesday. The stock has a 50-day moving average price of $58.61 and a two-hundred day moving average price of $63.30. Sealed Air has a 1 year low of $54.51 and a 1 year high of $70.72. The stock has a market cap of $8.19 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 1.71 and a beta of 1.14. The company has a current ratio of 1.34, a quick ratio of 0.72 and a debt-to-equity ratio of 18.30.

Sealed Air (NYSE:SEE - Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.02. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.43 billion. Sealed Air had a return on equity of 320.73% and a net margin of 9.56%. Sealed Air's quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the company earned $0.79 earnings per share. Equities analysts forecast that Sealed Air will post 4.16 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, June 9th. Sealed Air's payout ratio is 21.74%.

Insider Activity at Sealed Air

In other Sealed Air news, SVP Sergio A. Pupkin purchased 1,000 shares of the business's stock in a transaction on Wednesday, August 3rd. The shares were purchased at an average cost of $57.66 per share, with a total value of $57,660.00. Following the transaction, the senior vice president now directly owns 45,748 shares of the company's stock, valued at approximately $2,637,829.68. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Sergio A. Pupkin acquired 1,000 shares of the company's stock in a transaction dated Wednesday, August 3rd. The shares were bought at an average price of $57.66 per share, for a total transaction of $57,660.00. Following the purchase, the senior vice president now directly owns 45,748 shares in the company, valued at approximately $2,637,829.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward L. Doheny II bought 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average cost of $56.95 per share, with a total value of $256,275.00. Following the completion of the purchase, the chief executive officer now directly owns 515,254 shares of the company's stock, valued at approximately $29,343,715.30. The disclosure for this purchase can be found here. 0.44% of the stock is owned by insiders.