Shares of Sealed Air Corp (NYSE:SEE) have been given an average recommendation of “Hold” by the fourteen analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $44.50.

SEE has been the subject of several research analyst reports. ValuEngine upgraded Sealed Air from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. Zacks Investment Research downgraded Sealed Air from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Citigroup decreased their target price on Sealed Air from $47.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, October 11th. Bank of America downgraded Sealed Air from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a research report on Thursday, October 18th. Finally, Robert W. Baird decreased their target price on Sealed Air from $55.00 to $41.00 and set an “outperform” rating for the company in a research report on Thursday, October 18th.

Several hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its holdings in shares of Sealed Air by 2.4% in the second quarter. Russell Investments Group Ltd. now owns 54,443 shares of the industrial products company’s stock valued at $2,311,000 after acquiring an additional 1,275 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Sealed Air by 3.4% in the third quarter. State of Alaska Department of Revenue now owns 45,897 shares of the industrial products company’s stock valued at $1,841,000 after acquiring an additional 1,520 shares in the last quarter. First Republic Investment Management Inc. raised its holdings in shares of Sealed Air by 3.2% in the third quarter. First Republic Investment Management Inc. now owns 54,307 shares of the industrial products company’s stock valued at $2,180,000 after acquiring an additional 1,661 shares in the last quarter. Stone Ridge Asset Management LLC raised its holdings in shares of Sealed Air by 9.6% in the third quarter. Stone Ridge Asset Management LLC now owns 19,130 shares of the industrial products company’s stock valued at $768,000 after acquiring an additional 1,679 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Sealed Air by 11.8% in the second quarter. Janney Montgomery Scott LLC now owns 20,086 shares of the industrial products company’s stock valued at $853,000 after acquiring an additional 2,118 shares in the last quarter. Hedge funds and other institutional investors own 94.62% of the company’s stock.

Shares of NYSE:SEE traded down $0.53 on Monday, hitting $34.35. 2,011,070 shares of the company’s stock were exchanged, compared to its average volume of 1,996,812. Sealed Air has a 12 month low of $30.22 and a 12 month high of $49.94. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.23 and a beta of 1.25.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, November 1st. The industrial products company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. Sealed Air had a negative return on equity of 150.20% and a negative net margin of 0.87%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts forecast that Sealed Air will post 2.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be issued a $0.16 dividend. The ex-dividend date is Thursday, December 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.86%. Sealed Air’s payout ratio is currently 35.36%.

About Sealed Air

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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Analyst Recommendations for Sealed Air (NYSE:SEE)

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