Jefferies Group LLC reaffirmed their hold rating on shares of Sealed Air Corporation (NYSE:SEE) in a report issued on Thursday. They currently have a $44.00 price target on the industrial products company’s stock.

A number of other research firms have also commented on SEE. BMO Capital Markets restated a hold rating and set a $47.00 price target on shares of Sealed Air Corporation in a research report on Thursday, July 20th. Zacks Investment Research lowered Sealed Air Corporation from a buy rating to a hold rating in a research report on Wednesday, July 19th. BidaskClub lowered Sealed Air Corporation from a buy rating to a hold rating in a research report on Monday, July 24th. Robert W. Baird restated an outperform rating and set a $55.00 price target on shares of Sealed Air Corporation in a research report on Tuesday, June 13th. Finally, Royal Bank Of Canada restated a hold rating and set a $44.00 price target on shares of Sealed Air Corporation in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $48.18.

Shares of Sealed Air Corporation (NYSE SEE) traded up 0.39% on Thursday, reaching $43.43. The company’s stock had a trading volume of 1,833,669 shares. The stock has a 50-day moving average of $44.25 and a 200 day moving average of $44.52. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 22.44 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.

Sealed Air Corporation (NYSE:SEE) last released its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. On average, analysts expect that Sealed Air Corporation will post $1.83 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given 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 1.48%. Sealed Air Corporation’s payout ratio is 33.16%.

Large investors have recently bought and sold shares of the company. Assetmark Inc. boosted its position in shares of Sealed Air Corporation by 1.0% in the 1st quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 25 shares during the last quarter. TrimTabs Asset Management LLC bought a new position in shares of Sealed Air Corporation in the 1st quarter worth $109,000. Fiduciary Trust Co. bought a new position in shares of Sealed Air Corporation in the 2nd quarter worth $124,000. Global X Management Co. LLC boosted its position in shares of Sealed Air Corporation by 30.4% in the 1st quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 687 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Sealed Air Corporation by 3.0% in the 1st quarter. Pacer Advisors Inc. now owns 3,979 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 116 shares during the last quarter. Institutional investors and hedge funds own 92.16% of the company’s stock.

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.

Analyst Recommendations for Sealed Air Corporation (NYSE:SEE)

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