Sealed Air (NYSE:SEE) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Sealed Air (NYSE:SEE) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

SEE has been the topic of several other reports. Citigroup lowered their price target on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada dropped their price target on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Bank of America reduced their price objective on Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company dropped their target price on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Truist Financial increased their price target on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 6th. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $40.00.

Sealed Air Stock Up 1.7 %

SEE stock opened at $33.62 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The firm has a market cap of $4.90 billion, a PE ratio of 12.36, a PEG ratio of 4.97 and a beta of 1.34. Sealed Air has a 1 year low of $30.87 and a 1 year high of $41.14. The company has a fifty day simple moving average of $35.23 and a 200 day simple moving average of $35.18.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business earned $0.77 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. Sell-side analysts anticipate that Sealed Air will post 3.06 EPS for the current fiscal year.

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Friday, December 6th. Sealed Air’s dividend payout ratio is currently 29.41%.

Institutional Trading of Sealed Air

Large investors have recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new stake in Sealed Air during the 2nd quarter valued at $34,000. GAMMA Investing LLC increased its stake in shares of Sealed Air by 218.0% in the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock valued at $45,000 after buying an additional 907 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Sealed Air by 523.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock valued at $101,000 after buying an additional 2,445 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Sealed Air during the 2nd quarter worth about $105,000. Finally, Quarry LP grew its holdings in Sealed Air by 230.1% during the 2nd quarter. Quarry LP now owns 3,390 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 2,363 shares during the last quarter. 94.40% of the stock is owned by institutional investors.

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.