Sealed Air Corporation’s (SEE) Hold Rating Reiterated at Royal Bank Of Canada
Royal Bank Of Canada reissued their hold rating on shares of Sealed Air Corporation (NYSE:SEE) in a research report report published on Wednesday morning. They currently have a $45.00 price objective on the industrial products company’s stock.
Other equities analysts have also issued reports about the company. BidaskClub raised Sealed Air Corporation from a hold rating to a buy rating in a research note on Friday, June 16th. Robert W. Baird reaffirmed a buy rating and issued a $55.00 price objective on shares of Sealed Air Corporation in a research note on Friday, September 1st. SunTrust Banks, Inc. set a $48.00 price objective on Sealed Air Corporation and gave the company a buy rating in a research note on Sunday, September 10th. BMO Capital Markets reissued a hold rating and set a $47.00 price target on shares of Sealed Air Corporation in a research note on Thursday, July 20th. Finally, Zacks Investment Research lowered Sealed Air Corporation from a buy rating to a hold rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $48.18.
Sealed Air Corporation (NYSE SEE) opened at 43.45 on Wednesday. The stock has a market cap of $8.26 billion, a price-to-earnings ratio of 22.45 and a beta of 1.19. Sealed Air Corporation has a 12-month low of $41.74 and a 12-month high of $50.62. The firm’s 50-day moving average price is $44.21 and its 200-day moving average price is $44.50.
Sealed Air Corporation (NYSE:SEE) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS. On average, equities analysts predict that Sealed Air Corporation will post $1.83 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.64 annualized dividend and a yield of 1.47%. Sealed Air Corporation’s payout ratio is currently 33.16%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Sealed Air Corporation by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 20,011,046 shares of the industrial products company’s stock worth $895,695,000 after purchasing an additional 403,530 shares during the period. BlackRock Inc. increased its holdings in Sealed Air Corporation by 2.8% during the 2nd quarter. BlackRock Inc. now owns 12,373,821 shares of the industrial products company’s stock worth $553,853,000 after purchasing an additional 333,722 shares during the period. Janus Henderson Group PLC increased its holdings in Sealed Air Corporation by 46,138.7% during the 2nd quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock worth $474,465,000 after purchasing an additional 10,577,290 shares during the period. Janus Capital Management LLC increased its holdings in Sealed Air Corporation by 9.0% during the 1st quarter. Janus Capital Management LLC now owns 10,071,664 shares of the industrial products company’s stock worth $438,917,000 after purchasing an additional 834,754 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Sealed Air Corporation by 199.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,592,978 shares of the industrial products company’s stock worth $205,703,000 after purchasing an additional 3,059,792 shares during the period. Institutional investors 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.
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