Sealed Air Co. (NYSE:SEE) Receives $44.90 Average Price Target from Analysts

Sealed Air Co. (NYSE:SEE) has earned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $44.90.

A number of equities research analysts have commented on SEE shares. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Monday, June 10th. Truist Financial reiterated a “buy” rating and set a $44.00 price objective on shares of Sealed Air in a research report on Monday, June 17th. Mizuho upgraded shares of Sealed Air from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $50.00 in a research report on Thursday, June 6th. Finally, William Blair reiterated a “market perform” rating on shares of Sealed Air in a research report on Thursday, May 2nd.

Sealed Air Price Performance

NYSE SEE opened at $34.11 on Wednesday. Sealed Air has a 12 month low of $28.50 and a 12 month high of $47.12. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 3.12 and a beta of 1.35. The company’s 50 day moving average is $36.59 and its two-hundred day moving average is $35.83. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 7.49.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the business earned $0.74 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. As a group, research analysts anticipate that Sealed Air will post 2.89 earnings per share for the current year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Friday, June 14th. Sealed Air’s dividend payout ratio is presently 32.13%.

Institutional Investors Weigh In On Sealed Air

Large investors have recently bought and sold shares of the business. CVA Family Office LLC bought a new stake in Sealed Air in the fourth quarter worth $27,000. Bruce G. Allen Investments LLC purchased a new position in Sealed Air during the fourth quarter worth $29,000. Fidelis Capital Partners LLC purchased a new position in Sealed Air during the first quarter worth $31,000. Massmutual Trust Co. FSB ADV boosted its stake in Sealed Air by 81.9% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company’s stock worth $36,000 after buying an additional 449 shares during the period. Finally, CoreFirst Bank & Trust purchased a new position in Sealed Air during the third quarter worth $42,000. Institutional investors own 94.40% of the company’s stock.

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.