Sealed Air Co. (NYSE:SEE) Receives $44.18 Average Price Target from Brokerages

Sealed Air Co. (NYSE:SEE) has received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $44.18.

A number of brokerages recently weighed in on SEE. Truist Financial upgraded shares of Sealed Air from a “hold” rating to a “buy” rating and increased their price target for the company from $39.00 to $44.00 in a research report on Monday, April 8th. Wolfe Research initiated coverage on shares of Sealed Air in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Wells Fargo & Company upgraded shares of Sealed Air from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $35.00 to $43.00 in a report on Thursday, January 11th. Finally, Mizuho dropped their target price on shares of Sealed Air from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th.

Institutional Investors Weigh In On Sealed Air

Hedge funds have recently modified their holdings of the company. Compass Wealth Management LLC acquired a new stake in shares of Sealed Air during the 4th quarter valued at $25,000. CVA Family Office LLC acquired a new position in Sealed Air during the 4th quarter worth about $27,000. Bruce G. Allen Investments LLC acquired a new position in Sealed Air during the 4th quarter worth about $29,000. ST Germain D J Co. Inc. acquired a new position in Sealed Air during the 2nd quarter worth about $33,000. Finally, Column Capital Advisors LLC increased its position in shares of Sealed Air by 57.9% during the third quarter. Column Capital Advisors LLC now owns 1,050 shares of the industrial products company’s stock worth $35,000 after buying an additional 385 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Price Performance

NYSE:SEE opened at $31.53 on Friday. The stock has a market cap of $4.59 billion, a P/E ratio of 13.36, a PEG ratio of 2.68 and a beta of 1.28. Sealed Air has a one year low of $28.50 and a one year high of $48.44. The company has a fifty day moving average price of $35.33 and a 200 day moving average price of $34.30. The company has a debt-to-equity ratio of 8.21, a current ratio of 1.30 and a quick ratio of 0.79.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.26. Sealed Air had a net margin of 6.22% and a return on equity of 107.48%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The business’s revenue was down 2.0% on a year-over-year basis. Analysts anticipate that Sealed Air will post 2.85 earnings per share for the current year.

Sealed Air Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.54%. Sealed Air’s payout ratio is currently 33.90%.

About Sealed Air

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.