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

Sealed Air Co. (NYSE:SEE) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $41.00.

SEE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Raymond James raised Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research note on Thursday, October 17th. Wells Fargo & Company boosted their price target on shares of Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Truist Financial dropped their price objective on shares of Sealed Air from $44.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Finally, Jefferies Financial Group downgraded Sealed Air from a “buy” rating to a “hold” rating and cut their price target for the stock from $47.00 to $35.00 in a report on Friday, August 9th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Neo Ivy Capital Management increased its position in Sealed Air by 187.3% during the 3rd quarter. Neo Ivy Capital Management now owns 66,300 shares of the industrial products company’s stock worth $2,406,000 after purchasing an additional 43,220 shares during the period. Geode Capital Management LLC grew its holdings in Sealed Air by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock worth $83,542,000 after acquiring an additional 12,559 shares during the period. Y Intercept Hong Kong Ltd raised its position in Sealed Air by 26.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 57,141 shares of the industrial products company’s stock worth $2,074,000 after acquiring an additional 11,976 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Sealed Air by 8.4% in the third quarter. Wellington Management Group LLP now owns 173,959 shares of the industrial products company’s stock valued at $6,315,000 after acquiring an additional 13,410 shares during the period. Finally, Weiss Asset Management LP boosted its position in shares of Sealed Air by 68.5% during the 3rd quarter. Weiss Asset Management LP now owns 405,542 shares of the industrial products company’s stock worth $14,721,000 after purchasing an additional 164,863 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Trading Up 1.0 %

Shares of Sealed Air stock opened at $35.90 on Friday. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The stock’s 50 day simple moving average is $35.69 and its 200-day simple moving average is $35.86. The stock has a market cap of $5.23 billion, a P/E ratio of 13.20, a P/E/G ratio of 4.81 and a beta of 1.34. Sealed Air has a 1-year low of $30.87 and a 1-year high of $41.14.

Sealed Air (NYSE:SEE) last issued its earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. Sealed Air’s quarterly revenue was down 2.7% compared to the same quarter last year. Analysts predict that Sealed Air will post 3.07 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.20 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.23%. Sealed Air’s payout ratio is 29.41%.

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.