Sealed Air Co. (NYSE:SEE) Given Average Rating of “Moderate Buy” by Brokerages

Sealed Air Co. (NYSE:SEE) has earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $40.25.

A number of equities research analysts have issued reports on the stock. Citigroup cut their target price on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Morgan Stanley cut their price objective on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Truist Financial boosted their target price on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 6th. UBS Group raised their price target on Sealed Air from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Finally, Mizuho dropped their price objective on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th.

Insider Buying and Selling at Sealed Air

In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $30.00 per share, with a total value of $33,600.00. Following the transaction, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in Sealed Air by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,613,957 shares of the industrial products company’s stock worth $58,587,000 after acquiring an additional 502,999 shares during the period. Cerity Partners LLC grew its position in Sealed Air by 49.2% in the 3rd quarter. Cerity Partners LLC now owns 21,250 shares of the industrial products company’s stock worth $771,000 after purchasing an additional 7,003 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Sealed Air by 175.5% during the 3rd quarter. Bank of Montreal Can now owns 256,641 shares of the industrial products company’s stock worth $9,411,000 after purchasing an additional 163,493 shares during the period. FMR LLC raised its position in shares of Sealed Air by 28.0% during the third quarter. FMR LLC now owns 626,348 shares of the industrial products company’s stock valued at $22,736,000 after buying an additional 137,073 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Sealed Air by 24.6% in the third quarter. BNP Paribas Financial Markets now owns 561,577 shares of the industrial products company’s stock valued at $20,385,000 after buying an additional 110,806 shares during the period. 94.40% of the stock is owned by institutional investors.

Sealed Air Stock Performance

Shares of Sealed Air stock opened at $29.59 on Friday. Sealed Air has a 12 month low of $28.67 and a 12 month high of $41.14. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The stock has a market cap of $4.31 billion, a PE ratio of 10.88 and a beta of 1.32. The business has a fifty day simple moving average of $32.75 and a 200-day simple moving average of $34.40.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $0.88 EPS. On average, sell-side analysts anticipate that Sealed Air will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, March 14th. Sealed Air’s dividend payout ratio is 44.20%.

Sealed Air Company Profile

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.