Sealed Air Corporation (SEE) Given Consensus Rating of “Hold” by Brokerages
Sealed Air Corporation (NYSE:SEE) has earned an average recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $48.20.
SEE has been the subject of several analyst reports. BMO Capital Markets reiterated a “hold” rating and set a $45.00 price objective on shares of Sealed Air Corporation in a report on Friday, June 9th. Robert W. Baird reiterated a “buy” rating and set a $55.00 price objective on shares of Sealed Air Corporation in a report on Friday, September 1st. BidaskClub upgraded Sealed Air Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Jefferies Group LLC reiterated a “hold” rating and set a $44.00 price objective on shares of Sealed Air Corporation in a report on Friday, August 11th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $44.00 price objective on shares of Sealed Air Corporation in a report on Tuesday, June 13th.
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A number of hedge funds have recently modified their holdings of the stock. Lord Abbett & CO. LLC raised its stake in Sealed Air Corporation by 2.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,180,822 shares of the industrial products company’s stock worth $52,854,000 after acquiring an additional 24,354 shares during the last quarter. Sentry Investment Management LLC raised its stake in Sealed Air Corporation by 2.6% in the 2nd quarter. Sentry Investment Management LLC now owns 6,824 shares of the industrial products company’s stock worth $305,000 after acquiring an additional 173 shares during the last quarter. Toronto Dominion Bank raised its stake in Sealed Air Corporation by 24.1% in the 2nd quarter. Toronto Dominion Bank now owns 73,350 shares of the industrial products company’s stock worth $3,283,000 after acquiring an additional 14,227 shares during the last quarter. U S Global Investors Inc. purchased a new position in Sealed Air Corporation in the 2nd quarter worth $1,331,000. Finally, WINTON GROUP Ltd purchased a new position in Sealed Air Corporation in the 2nd quarter worth $335,000. Institutional investors own 92.16% of the company’s stock.
Sealed Air Corporation (NYSE SEE) traded down 1.67% on Friday, hitting $43.02. The stock had a trading volume of 6,942,639 shares. The firm has a market cap of $8.18 billion, a PE ratio of 22.23 and a beta of 1.19. 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 price of $44.46 and a 200 day moving average price of $44.64.
Sealed Air Corporation (NYSE:SEE) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by $0.01. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts forecast that Sealed Air Corporation will post $1.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.49%. Sealed Air Corporation’s dividend payout ratio (DPR) is 33.16%.
Sealed Air Corporation Company Profile
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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