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 brokerages have recently commented on SEE. JPMorgan Chase & Co. lowered shares of Sealed Air from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $71.00 to $62.00 in a research report on Wednesday, June 1st. Credit Suisse Group lowered shares of Sealed Air from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $80.00 to $64.00 in a research report on Wednesday, July 20th. Mizuho cut their price objective on shares of Sealed Air from $72.00 to $68.00 and set a "neutral" rating for the company in a research report on Wednesday, August 3rd. Bank of America lowered shares of Sealed Air from a "buy" rating to a "neutral" rating and set a $67.00 price objective for the company. in a research report on Thursday, July 7th. Finally, Robert W. Baird cut their price objective on shares of Sealed Air to $67.00 in a research report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Sealed Air presently has a consensus rating of "Hold" and a consensus price target of $69.33.

Sealed Air Price Performance

Shares of Sealed Air stock opened at $58.61 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.72 and a debt-to-equity ratio of 18.30. The stock 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. Sealed Air has a 1-year low of $54.51 and a 1-year high of $70.72. The firm's 50-day moving average price is $58.00 and its two-hundred day moving average price is $62.92.

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

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, September 8th. This represents a $0.80 annualized dividend and a yield of 1.36%. Sealed Air's dividend payout ratio is 21.74%.

Insiders Place Their Bets

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