Sealed Air (NYSE:SEE) Research Coverage Started at Morgan Stanley

Morgan Stanley began coverage on shares of Sealed Air (NYSE:SEE) in a research report report published on Wednesday morning, MarketBeat Ratings reports. The firm issued an equal weight rating and a $39.00 price target on the industrial products company’s stock.

Several other analysts have also weighed in on SEE. Truist Financial reissued a buy rating and issued a $44.00 price objective on shares of Sealed Air in a report on Monday, June 17th. Citigroup lowered their price target on Sealed Air from $44.00 to $43.00 and set a buy rating for the company in a report on Monday, July 8th. Stifel Nicolaus began coverage on Sealed Air in a research note on Tuesday, July 9th. They set a buy rating and a $47.00 price objective on the stock. UBS Group lowered their target price on shares of Sealed Air from $39.00 to $38.00 and set a neutral rating for the company in a research note on Wednesday, July 17th. Finally, Jefferies Financial Group downgraded shares of Sealed Air from a buy rating to a hold rating and reduced their price target for the stock from $47.00 to $35.00 in a research report on Friday, August 9th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Sealed Air has an average rating of Hold and a consensus price target of $41.82.

Sealed Air Stock Down 1.4 %

Shares of Sealed Air stock opened at $33.78 on Wednesday. The business has a 50-day moving average of $34.98 and a 200-day moving average of $35.49. The company has a debt-to-equity ratio of 6.81, a current ratio of 1.30 and a quick ratio of 0.79. The company has a market capitalization of $4.92 billion, a PE ratio of 13.57, a P/E/G ratio of 8.68 and a beta of 1.34. Sealed Air has a 1-year low of $28.50 and a 1-year high of $41.14.

Sealed Air (NYSE:SEE) last announced its 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 company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Sealed Air had a return on equity of 85.65% and a net margin of 6.64%. The company’s revenue was down 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.80 earnings per share. As a group, equities analysts forecast that Sealed Air will post 2.93 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Friday, September 13th. Sealed Air’s payout ratio is currently 32.13%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Invenomic Capital Management LP bought a new position in Sealed Air in the 4th quarter valued at about $6,834,000. BNP Paribas Financial Markets increased its stake in shares of Sealed Air by 158.5% during the fourth quarter. BNP Paribas Financial Markets now owns 322,620 shares of the industrial products company’s stock valued at $11,782,000 after acquiring an additional 197,799 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Sealed Air by 9.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 181,455 shares of the industrial products company’s stock worth $6,750,000 after purchasing an additional 15,710 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sealed Air in the first quarter worth approximately $582,000. Finally, Point72 Europe London LLP bought a new position in Sealed Air during the 4th quarter valued at $852,000. 94.40% of the stock is owned by institutional investors and hedge funds.

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.