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.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Sealed Air to $67.00 in a report on Tuesday, August 9th. Morgan Stanley cut their price target on Sealed Air from $79.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, August 4th. Credit Suisse Group cut Sealed Air from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $80.00 to $64.00 in a research report on Wednesday, July 20th. Bank of America lowered Sealed Air from a "buy" rating to a "neutral" rating and set a $67.00 target price on the stock. in a research report on Thursday, July 7th. Finally, Mizuho lowered their price target on Sealed Air from $72.00 to $68.00 and set a "neutral" rating for the company in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $69.33.

Sealed Air Stock Performance

NYSE:SEE traded up $0.25 during trading hours on Thursday, reaching $58.61. 602,806 shares of the company's stock were exchanged, compared to its average volume of 918,984. Sealed Air has a 1-year low of $54.51 and a 1-year high of $70.72. The company has a quick ratio of 0.72, a current ratio of 1.34 and a debt-to-equity ratio of 18.30. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 2.31 and a beta of 1.14. The company has a 50-day moving average of $58.05 and a 200 day moving average of $62.98.

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

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, September 8th. Sealed Air's payout ratio is currently 21.74%.

Insider Transactions at Sealed Air

In other news, SVP Sergio A. Pupkin acquired 1,000 shares of the business's stock in a transaction on Wednesday, August 3rd. The stock was bought at an average price of $57.66 per share, for a total transaction of $57,660.00. Following the transaction, the senior vice president now owns 45,748 shares in the company, valued at $2,637,829.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sealed Air news, SVP Sergio A. Pupkin bought 1,000 shares of the company's stock in a transaction on 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 transaction, the senior vice president now owns 45,748 shares of the company's stock, valued at approximately $2,637,829.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward L. Doheny II bought 4,500 shares of the business's stock in a transaction dated Wednesday, August 3rd. The shares were acquired 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 owns 515,254 shares in the company, valued at approximately $29,343,715.30. The disclosure for this purchase can be found here. Company insiders own 0.44% of the company's stock.