Sealed Air Corporation (NYSE:SEE) Receives $44.09 Average Target Price from Analysts

Shares of Sealed Air Corporation (NYSE:SEE) have been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $44.0909.

SEE has been the topic of several analyst reports. Robert W. Baird reiterated a “neutral” rating and set a $42.00 price target (down from $45.00) on shares of Sealed Air in a research report on Thursday, December 18th. Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective (up from $43.80) on shares of Sealed Air in a research report on Monday, November 17th. Wall Street Zen cut Sealed Air from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Truist Financial lifted their price target on Sealed Air from $45.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sealed Air in a report on Monday, December 29th.

Sealed Air Stock Performance

NYSE:SEE opened at $41.82 on Friday. The stock has a fifty day moving average price of $41.84 and a 200-day moving average price of $39.00. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 12.19 and a beta of 1.35. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.56 and a current ratio of 0.91. Sealed Air has a fifty-two week low of $22.78 and a fifty-two week high of $44.27.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Monday, March 2nd. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. Sealed Air had a return on equity of 47.21% and a net margin of 9.43%.The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. As a group, equities analysts anticipate that Sealed Air will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, March 13th. Sealed Air’s dividend payout ratio is currently 23.32%.

Institutional Trading of Sealed Air

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of Sealed Air during the 2nd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. increased its holdings in Sealed Air by 383.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 664 shares in the last quarter. Johnson Financial Group Inc. bought a new position in Sealed Air in the third quarter valued at about $27,000. Los Angeles Capital Management LLC bought a new position in Sealed Air in the fourth quarter valued at about $28,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Sealed Air by 334.4% during the second quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 739 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

Sealed Air Company Profile

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.