Sealed Air Co. (NYSE:SEE) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Sealed Air Co. (NYSE:SEE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $38.00.

A number of equities research analysts recently commented on SEE shares. UBS Group raised shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 target price for the company in a research report on Monday, April 7th. Truist Financial lowered their price objective on Sealed Air from $44.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday. Mizuho decreased their price target on Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Bank of America dropped their price target on Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley lowered their target price on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th.

Sealed Air Stock Up 0.2 %

Shares of SEE stock traded up $0.06 on Tuesday, hitting $26.79. The stock had a trading volume of 1,468,159 shares, compared to its average volume of 1,535,659. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. Sealed Air has a one year low of $22.78 and a one year high of $41.14. The business has a 50 day moving average price of $29.30 and a 200 day moving average price of $33.18. The company has a market cap of $3.91 billion, a PE ratio of 9.85 and a beta of 1.35.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company's revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 EPS. Research analysts anticipate that Sealed Air will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.99%. The ex-dividend date was Friday, March 14th. Sealed Air's payout ratio is currently 44.20%.

Insider Activity

In related news, Director Henry R. Keizer purchased 1,120 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the transaction, the director now directly owns 35,000 shares of the company's stock, valued at approximately $1,050,000. The trade was a 3.31 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Sealed Air by 17.7% during the fourth quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company's stock worth $620,117,000 after purchasing an additional 2,754,395 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Sealed Air by 9.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company's stock worth $416,657,000 after acquiring an additional 1,081,848 shares during the period. Invesco Ltd. boosted its holdings in shares of Sealed Air by 69.2% in the fourth quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company's stock valued at $128,176,000 after acquiring an additional 1,549,184 shares in the last quarter. Swedbank AB increased its stake in shares of Sealed Air by 57.3% during the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company's stock worth $78,678,000 after acquiring an additional 846,882 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Sealed Air by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,204,663 shares of the industrial products company's stock worth $74,583,000 after purchasing an additional 178,592 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Company Profile

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.