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

Shares of Sealed Air Co. (NYSE:SEE - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $40.25.

SEE has been the subject of a number of recent analyst reports. Citigroup decreased their target price on Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a report on Monday, January 6th. Mizuho decreased their price objective on shares of Sealed Air from $45.00 to $42.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. UBS Group lifted their target price on shares of Sealed Air from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Jefferies Financial Group set a $36.00 price target on shares of Sealed Air in a research note on Tuesday, March 4th. Finally, StockNews.com upgraded Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th.

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Insider Transactions at Sealed Air

In other news, Director Henry R. Keizer acquired 1,120 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $30.00 per share, with a total value of $33,600.00. Following the transaction, the director now owns 35,000 shares of the company's stock, valued at $1,050,000. This trade represents a 3.31 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SEE. Wellington Management Group LLP raised its holdings in Sealed Air by 168.3% in the 4th quarter. Wellington Management Group LLP now owns 466,785 shares of the industrial products company's stock worth $15,791,000 after acquiring an additional 292,826 shares during the last quarter. QSM Asset Management Ltd bought a new stake in shares of Sealed Air in the 4th quarter worth $5,565,000. Mackenzie Financial Corp purchased a new position in shares of Sealed Air in the fourth quarter worth $231,000. Castlekeep Investment Advisors LLC bought a new position in shares of Sealed Air during the fourth quarter valued at $372,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Sealed Air during the fourth quarter valued at $301,000. Institutional investors own 94.40% of the company's stock.

Sealed Air Trading Down 0.4 %

SEE traded down $0.11 during trading on Friday, hitting $28.90. 1,041,512 shares of the stock traded hands, compared to its average volume of 1,492,984. The firm has a market capitalization of $4.21 billion, a P/E ratio of 10.62 and a beta of 1.32. Sealed Air has a 12-month low of $28.39 and a 12-month high of $41.14. 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 firm has a 50-day moving average of $32.53 and a 200 day moving average of $34.36.

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

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.77%. Sealed Air's dividend payout ratio is currently 44.20%.

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.