Sealed Air Co. (NYSE:SEE) Receives $38.00 Average Price Target from Analysts

Shares of Sealed Air Co. (NYSE:SEEGet Free Report) have been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $38.00.

A number of analysts recently issued reports on SEE shares. Jefferies Financial Group set a $36.00 price objective on Sealed Air in a research report on Tuesday, March 4th. Wells Fargo & Company lifted their price objective on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Wall Street Zen raised Sealed Air from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. UBS Group raised Sealed Air from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Monday, April 7th. Finally, Mizuho reduced their price objective on Sealed Air from $39.00 to $32.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th.

Read Our Latest Report on SEE

Hedge Funds Weigh In On Sealed Air

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Sealed Air by 17.7% during the fourth quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company’s stock valued at $620,117,000 after acquiring an additional 2,754,395 shares during the period. Alberta Investment Management Corp bought a new position in Sealed Air during the first quarter valued at about $46,127,000. Invesco Ltd. increased its stake in Sealed Air by 69.2% during the fourth quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company’s stock valued at $128,176,000 after acquiring an additional 1,549,184 shares during the period. Norges Bank bought a new position in Sealed Air during the fourth quarter valued at about $50,562,000. Finally, T. Rowe Price Investment Management Inc. increased its stake in Sealed Air by 9.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company’s stock valued at $416,657,000 after acquiring an additional 1,081,848 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Stock Performance

Shares of SEE stock opened at $30.88 on Wednesday. Sealed Air has a 1-year low of $22.78 and a 1-year high of $38.85. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 11.35 and a beta of 1.37. The stock’s fifty day simple moving average is $29.72 and its 200-day simple moving average is $31.94.

Sealed Air (NYSE:SEEGet Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.14. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. Sealed Air’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, sell-side analysts predict that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.20 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. Sealed Air’s dividend payout ratio is currently 39.60%.

Sealed Air Company Profile

(Get Free Report

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.

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Analyst Recommendations for Sealed Air (NYSE:SEE)

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