Sealed Air Co. (NYSE:SEE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Sealed Air Co. (NYSE:SEE) has been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $41.00.

SEE has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective on Sealed Air from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Stifel Nicolaus assumed coverage on shares of Sealed Air in a research note on Tuesday, July 9th. They set a “buy” rating and a $47.00 price target for the company. Royal Bank of Canada dropped their price objective on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 17th. Raymond James raised shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research report on Thursday, October 17th. Finally, Citigroup dropped their price target on shares of Sealed Air from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, July 8th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SEE. Isthmus Partners LLC boosted its holdings in shares of Sealed Air by 4.6% in the 1st quarter. Isthmus Partners LLC now owns 7,395 shares of the industrial products company’s stock worth $275,000 after buying an additional 322 shares during the last quarter. Everence Capital Management Inc. grew its position in shares of Sealed Air by 2.8% during the 3rd quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 380 shares during the period. United Services Automobile Association grew its position in shares of Sealed Air by 3.5% during the 2nd quarter. United Services Automobile Association now owns 11,533 shares of the industrial products company’s stock valued at $401,000 after acquiring an additional 393 shares during the period. Mount Yale Investment Advisors LLC increased its stake in shares of Sealed Air by 1.3% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 36,643 shares of the industrial products company’s stock worth $1,275,000 after purchasing an additional 467 shares during the last quarter. Finally, Sendero Wealth Management LLC raised its holdings in shares of Sealed Air by 7.2% in the 3rd quarter. Sendero Wealth Management LLC now owns 8,215 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 550 shares during the period. Institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Performance

NYSE:SEE opened at $36.59 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.30 and a debt-to-equity ratio of 6.81. Sealed Air has a twelve month low of $30.87 and a twelve month high of $41.14. The company has a fifty day moving average of $35.21 and a 200-day moving average of $35.51. The firm has a market capitalization of $5.33 billion, a P/E ratio of 14.75, a P/E/G ratio of 9.16 and a beta of 1.34.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.19. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Sealed Air had a net margin of 6.64% and a return on equity of 85.65%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. As a group, sell-side analysts anticipate that Sealed Air will post 2.93 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.19%. Sealed Air’s dividend payout ratio (DPR) is currently 32.26%.

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.