Sealed Air Corp Given Consensus Rating of “Hold” by Brokerages (NYSE:SEE)
Shares of Sealed Air Corp (NYSE:SEE) have received an average recommendation of “Hold” from the ten analysts that are presently covering the company, ARN reports. Four equities research analysts have rated the stock with a hold rating and three 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 $35.22.
A number of analysts have recently weighed in on SEE shares. Analysts at Bank of America reiterated a “buy” rating on shares of Sealed Air Corp in a research note on Thursday. They now have a $40.00 price target on the stock, up previously from $38.00. Separately, analysts at Citigroup Inc. raised their price target on shares of Sealed Air Corp from $32.00 to $35.00 in a research note on Tuesday, May 6th. Finally, analysts at Barclays raised their price target on shares of Sealed Air Corp from $31.00 to $32.00 in a research note on Monday, May 5th.
Sealed Air Corp (NYSE:SEE) traded up 0.90% on Friday, hitting $32.41. The stock had a trading volume of 435,226 shares. Sealed Air Corp has a one year low of $26.13 and a one year high of $37.20. The stock has a 50-day moving average of $33.4 and a 200-day moving average of $32.82. The company has a market cap of $6.920 billion and a price-to-earnings ratio of 35.10.
Sealed Air Corp (NYSE:SEE) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.03. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that Sealed Air Corp will post $1.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Investors of record on Friday, September 5th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business.
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