Sealed Air Co. (NYSE:SEE) Receives Average Rating of “Moderate Buy” from Brokerages

Sealed Air Co. (NYSE:SEE) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $44.18.

A number of equities research analysts recently issued reports on the company. Wolfe Research assumed coverage on Sealed Air in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Mizuho dropped their target price on Sealed Air from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Wells Fargo & Company raised Sealed Air from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $35.00 to $43.00 in a research report on Thursday, January 11th. Finally, Truist Financial raised Sealed Air from a “hold” rating to a “buy” rating and boosted their price target for the stock from $39.00 to $44.00 in a research report on Monday.

Sealed Air Stock Up 0.7 %

Shares of Sealed Air stock opened at $33.51 on Friday. The business’s 50 day simple moving average is $35.51 and its 200 day simple moving average is $34.28. Sealed Air has a 52-week low of $28.50 and a 52-week high of $48.44. The firm has a market cap of $4.84 billion, a PE ratio of 14.20, a P/E/G ratio of 2.78 and a beta of 1.28. The company has a debt-to-equity ratio of 8.21, a quick ratio of 0.79 and a current ratio of 1.30.

Sealed Air (NYSE:SEE) last announced its earnings results on Tuesday, February 27th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.26. Sealed Air had a return on equity of 107.48% and a net margin of 6.22%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm earned $0.99 EPS. Sealed Air’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts predict that Sealed Air will post 2.85 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.39%. Sealed Air’s dividend payout ratio is currently 33.90%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SEE. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Sealed Air by 4.3% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,204 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 213 shares during the period. Truist Financial Corp lifted its position in shares of Sealed Air by 0.6% during the 4th quarter. Truist Financial Corp now owns 37,575 shares of the industrial products company’s stock valued at $1,874,000 after acquiring an additional 242 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Sealed Air by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 74,379 shares of the industrial products company’s stock valued at $3,311,000 after acquiring an additional 290 shares during the period. Advisor Partners II LLC lifted its position in shares of Sealed Air by 3.0% during the 4th quarter. Advisor Partners II LLC now owns 10,061 shares of the industrial products company’s stock valued at $502,000 after acquiring an additional 294 shares during the period. Finally, Eaton Vance Management lifted its position in shares of Sealed Air by 0.3% during the 1st quarter. Eaton Vance Management now owns 117,544 shares of the industrial products company’s stock valued at $7,870,000 after acquiring an additional 310 shares during the period. 94.40% of the stock is currently owned by institutional investors.

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.