Sealed Air Corporation (SEE) Given Average Recommendation of “Hold” by Brokerages
Shares of Sealed Air Corporation (NYSE:SEE) have earned an average recommendation of “Hold” from the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $49.00.
SEE has been the subject of a number of analyst reports. BidaskClub raised shares of Sealed Air Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. UBS AG set a $49.00 target price on shares of Sealed Air Corporation and gave the company a “buy” rating in a research report on Wednesday, May 10th. Credit Suisse Group set a $50.00 target price on shares of Sealed Air Corporation and gave the company a “buy” rating in a research report on Thursday, May 11th. TheStreet downgraded shares of Sealed Air Corporation from a “b” rating to a “c+” rating in a research report on Tuesday, May 9th. Finally, Zacks Investment Research raised shares of Sealed Air Corporation from a “strong sell” rating to a “hold” rating and set a $52.00 target price for the company in a research report on Wednesday, July 12th.
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In other Sealed Air Corporation news, CAO William G. Stiehl sold 3,000 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $43.43, for a total value of $130,290.00. Following the completion of the sale, the chief accounting officer now owns 37,797 shares in the company, valued at $1,641,523.71. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Assetmark Inc. boosted its stake in shares of Sealed Air Corporation by 1.0% in the first quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company’s stock worth $107,000 after buying an additional 25 shares in the last quarter. TrimTabs Asset Management LLC purchased a new stake in shares of Sealed Air Corporation during the first quarter worth approximately $109,000. Fiduciary Trust Co. purchased a new stake in shares of Sealed Air Corporation during the second quarter worth approximately $124,000. Global X Management Co. LLC boosted its stake in shares of Sealed Air Corporation by 30.4% in the first quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock worth $129,000 after buying an additional 687 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of Sealed Air Corporation by 0.8% in the first quarter. CENTRAL TRUST Co now owns 3,830 shares of the industrial products company’s stock worth $167,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 90.70% of the company’s stock.
Shares of Sealed Air Corporation (SEE) traded up 0.278% during midday trading on Tuesday, hitting $45.125. 443,920 shares of the company’s stock were exchanged. The firm has a market cap of $8.58 billion, a price-to-earnings ratio of 23.320 and a beta of 1.16. Sealed Air Corporation has a 52 week low of $41.74 and a 52 week high of $50.62. The company has a 50-day moving average of $44.92 and a 200-day moving average of $45.10.
Sealed Air Corporation (NYSE:SEE) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company earned $0.65 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. Equities research analysts expect that Sealed Air Corporation will post $1.83 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Wednesday, August 30th. Sealed Air Corporation’s dividend payout ratio is currently 33.16%.
About Sealed Air Corporation
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing a range of integrated system solutions.
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