Shares of Sealed Air Co. (NYSE:SEE – Get 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.
Hedge Funds Weigh In On Sealed Air
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:SEE – Get 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
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.
Read More
- Five stocks we like better than Sealed Air
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- IBM Up 10 Days in a Row: What’s Driving the Winning Streak?
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Upstart Stock’s Bull Case Just Got a Lot Stronger
- Golden Cross Stocks: Pattern, Examples and Charts
- Higher Gulf Oil Output Puts These Energy Names in Play
Receive News & Ratings for Sealed Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sealed Air and related companies with MarketBeat.com's FREE daily email newsletter.