Sealed Air Co. (NYSE:SEE) Receives $40.17 Consensus Price Target from Analysts

Shares of Sealed Air Co. (NYSE:SEE - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $40.17.

SEE has been the subject of a number of recent analyst reports. StockNews.com raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Wells Fargo & Company lifted their target price on shares of Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Truist Financial boosted their target price on shares of Sealed Air from $41.00 to $44.00 and gave the company a "buy" rating in a report on Monday, January 6th. UBS Group increased their price target on Sealed Air from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Finally, Mizuho dropped their price objective on Sealed Air from $45.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th.

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Sealed Air Trading Down 0.4 %

Shares of Sealed Air stock traded down $0.13 during trading on Monday, hitting $31.71. The company's stock had a trading volume of 1,329,924 shares, compared to its average volume of 1,336,977. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 11.66 and a beta of 1.34. Sealed Air has a 52 week low of $30.87 and a 52 week high of $41.14. The stock has a 50-day moving average price of $33.99 and a two-hundred day moving average price of $34.89. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79.

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

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. Sealed Air's dividend payout ratio (DPR) is presently 44.20%.

Hedge Funds Weigh In On Sealed Air

Institutional investors have recently modified their holdings of the company. Quarry LP increased its stake in Sealed Air by 9.2% during the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company's stock valued at $134,000 after purchasing an additional 311 shares in the last quarter. Arizona State Retirement System increased its position in shares of Sealed Air by 0.8% during the fourth quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company's stock worth $1,430,000 after acquiring an additional 348 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in shares of Sealed Air by 0.8% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company's stock worth $1,470,000 after acquiring an additional 350 shares during the last quarter. Choreo LLC lifted its position in Sealed Air by 3.7% in the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company's stock valued at $331,000 after acquiring an additional 351 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in Sealed Air by 4.3% during the 4th quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company's stock valued at $306,000 after purchasing an additional 375 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

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.