Brokerages Set Sealed Air Corp. (NYSE:SEE) PT at $53.70
Sealed Air Corp. (NYSE:SEE) has received a consensus recommendation of “Buy” from the fourteen research firms that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $53.70.
A number of brokerages have recently commented on SEE. BMO Capital Markets reiterated a “hold” rating on shares of Sealed Air Corp. in a research report on Sunday, July 17th. Zacks Investment Research upgraded shares of Sealed Air Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 15th. Jefferies Group dropped their price objective on shares of Sealed Air Corp. from $52.00 to $50.00 and set a “hold” rating for the company in a report on Friday, July 29th. Citigroup Inc. raised shares of Sealed Air Corp. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $54.00 to $56.00 in a report on Friday, July 15th. Finally, SunTrust Banks Inc. assumed coverage on shares of Sealed Air Corp. in a report on Tuesday, July 12th. They issued a “buy” rating and a $54.00 price objective for the company.
Shares of Sealed Air Corp. (NYSE:SEE) opened at 45.82 on Thursday. The company’s 50-day moving average is $46.65 and its 200-day moving average is $47.42. The company has a market cap of $9.01 billion, a price-to-earnings ratio of 26.12 and a beta of 1.23. Sealed Air Corp. has a one year low of $38.02 and a one year high of $52.83.
Sealed Air Corp. (NYSE:SEE) last issued its earnings results on Thursday, July 28th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The business earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Sealed Air Corp. had a net margin of 5.16% and a return on equity of 98.51%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. On average, equities analysts predict that Sealed Air Corp. will post $2.59 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.64 annualized dividend and a dividend yield of 1.40%. Sealed Air Corp.’s dividend payout ratio is presently 36.57%.
Several hedge funds have recently modified their holdings of SEE. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Sealed Air Corp. during the second quarter valued at about $366,000. Kentucky Retirement Systems acquired a new stake in shares of Sealed Air Corp. during the second quarter valued at about $771,000. Nomura Holdings Inc. boosted its stake in shares of Sealed Air Corp. by 1,902.1% in the second quarter. Nomura Holdings Inc. now owns 184,731 shares of the company’s stock valued at $8,545,000 after buying an additional 175,504 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Sealed Air Corp. by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,520 shares of the company’s stock valued at $346,000 after buying an additional 29 shares in the last quarter. Finally, Mason Street Advisors LLC acquired a new stake in shares of Sealed Air Corp. during the second quarter valued at about $1,221,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.
Sealed Air Corp. 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 processors, retailers and food service operators a range of integrated system solutions.
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