Sealed Air Co. (NYSE:SEE) Receives $41.00 Consensus Target Price from Brokerages

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

A number of equities research analysts have commented on the stock. Jefferies Financial Group cut 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 report on Friday, August 9th. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a research report on Friday. Raymond James upgraded Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a report on Thursday, October 17th. Royal Bank of Canada reduced their price objective on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. Finally, Wells Fargo & Company upped their target price on Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th.

Sealed Air Trading Up 2.0 %

SEE opened at $36.61 on Friday. The stock has a market cap of $5.33 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 4.97 and a beta of 1.34. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. 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 $35.74 and a 200-day moving average of $35.85.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business posted $0.77 EPS. The business’s revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts predict that Sealed Air will post 3.06 EPS for the current year.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, December 6th. Sealed Air’s payout ratio is 29.41%.

Hedge Funds Weigh In On Sealed Air

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP lifted its holdings in Sealed Air by 9.2% during the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 311 shares during the period. Everence Capital Management Inc. raised its stake 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 worth $506,000 after purchasing an additional 380 shares during the period. United Services Automobile Association boosted its holdings in shares of Sealed Air by 3.5% in the 2nd quarter. United Services Automobile Association now owns 11,533 shares of the industrial products company’s stock worth $401,000 after buying an additional 393 shares during the last quarter. Raymond James Trust N.A. grew its position in Sealed Air by 3.4% during the third quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company’s stock valued at $509,000 after buying an additional 466 shares during the period. Finally, Mount Yale Investment Advisors LLC increased its holdings in Sealed Air by 1.3% during the second quarter. Mount Yale Investment Advisors LLC now owns 36,643 shares of the industrial products company’s stock worth $1,275,000 after buying an additional 467 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

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.