Sealed Air Corp Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:SEE)
Sealed Air Corp (NYSE:SEE) has received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, Analyst Ratings Network.com reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $35.22.
Sealed Air Corp (NYSE:SEE) opened at 32.99 on Friday. Sealed Air Corp has a 52 week low of $26.13 and a 52 week high of $37.20. The stock has a 50-day moving average of $33.46 and a 200-day moving average of $32.79. The company has a market cap of $7.043 billion and a P/E ratio of 35.36.
Sealed Air Corp (NYSE:SEE) last issued its quarterly earnings data 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 $1.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Shareholders 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 1.58%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Separately, analysts at Bank of America reiterated a “buy” rating on shares of Sealed Air Corp in a research note on Thursday, July 31st. They now have a $40.00 price target on the stock, up previously from $38.00.
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business.
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