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.

Sealed Air Price Performance

SEE Stock opened at $58.66 on Friday. The firm has a 50 day moving average price of $58.31 and a 200-day moving average price of $63.15. Sealed Air has a 52-week low of $54.51 and a 52-week high of $70.72. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.77 and a beta of 1.14. The company has a debt-to-equity ratio of 18.30, a quick ratio of 0.72 and a current ratio of 1.34.

Sealed Air (NYSE:SEE - Get Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $1.01 earnings per share for the quarter, topping 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 company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business earned $0.79 EPS. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. Equities research analysts forecast that Sealed Air will post 4.16 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were issued a $0.20 dividend. The ex-dividend date was Thursday, June 9th. This represents a $0.80 dividend on an annualized basis and a yield of 1.36%. Sealed Air's payout ratio is currently 21.74%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Mizuho cut their target price on Sealed Air from $72.00 to $68.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. cut Sealed Air from a "neutral" rating to an "underweight" rating and cut their target price for the stock from $71.00 to $62.00 in a research note on Wednesday, June 1st. Wells Fargo & Company cut their target price on Sealed Air from $71.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Monday, July 18th. Royal Bank of Canada raised Sealed Air from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $66.00 to $70.00 in a research note on Wednesday, August 3rd. Finally, Morgan Stanley cut their price objective on Sealed Air from $79.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $69.33.

Insider Buying and Selling

In other news, CEO Edward L. Doheny II acquired 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 3rd. The stock was bought at an average cost of $56.95 per share, for a total transaction of $256,275.00. Following the acquisition, the chief executive officer now directly owns 515,254 shares in the company, valued at $29,343,715.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Sergio A. Pupkin bought 1,000 shares of the firm's 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 purchase, the senior vice president now owns 45,748 shares in the company, valued at $2,637,829.68. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Edward L. Doheny II bought 4,500 shares of the firm's stock in a transaction on Wednesday, August 3rd. The shares were bought at an average price 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. 0.44% of the stock is owned by company insiders.