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

Sealed Air Co. (NYSE:SEE - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirteen analysts that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $41.00.

A number of research analysts recently weighed in on SEE shares. JPMorgan Chase & Co. cut their price objective on Sealed Air from $35.00 to $33.00 and set a "neutral" rating on the stock in a research note on Thursday, August 15th. StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Friday. Jefferies Financial Group downgraded shares of Sealed Air from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $47.00 to $35.00 in a report on Friday, August 9th. Raymond James upgraded shares of Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 target price on the stock in a report on Thursday, October 17th. Finally, Royal Bank of Canada decreased their price target on shares of Sealed Air from $40.00 to $39.00 and set a "sector perform" rating for the company in a report on Thursday, October 17th.

Sealed Air Stock Up 1.0 %

NYSE:SEE traded up $0.37 during mid-day trading on Friday, reaching $35.90. The stock had a trading volume of 1,142,096 shares, compared to its average volume of 1,490,324. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The stock has a market cap of $5.23 billion, a P/E ratio of 13.20, a PEG ratio of 4.91 and a beta of 1.34. The business's 50 day moving average is $35.69 and its 200 day moving average is $35.86. Sealed Air has a fifty-two week low of $30.87 and a fifty-two week high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.67 by $0.12. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. Sealed Air's quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.77 EPS. As a group, sell-side analysts predict that Sealed Air will post 3.07 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.20 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.80 annualized dividend and a yield of 2.23%. Sealed Air's dividend payout ratio (DPR) is currently 29.41%.

Institutional Investors Weigh In On Sealed Air

Several institutional investors and hedge funds have recently bought and sold shares of the business. Family Firm Inc. acquired a new position in shares of Sealed Air in the 2nd quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL acquired a new position in Sealed Air during the second quarter worth $34,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Sealed Air by 100.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,833 shares of the industrial products company's stock valued at $99,000 after acquiring an additional 1,422 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Sealed Air by 523.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company's stock valued at $101,000 after purchasing an additional 2,445 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Sealed Air in the 2nd quarter worth about $105,000. Institutional investors own 94.40% of the company's stock.

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.