Sealed Air Co. (NYSE:SEE) Receives $41.00 Consensus Price Target from Analysts

Shares of Sealed Air Co. (NYSE:SEE - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $41.00.

A number of equities research analysts have weighed in on the stock. Raymond James upgraded shares of Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 price target on the stock in a research note on Thursday, October 17th. Truist Financial decreased their target price on shares of Sealed Air from $44.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, October 15th. Morgan Stanley initiated coverage on shares of Sealed Air in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $39.00 price target for the company. StockNews.com raised Sealed Air from a "hold" rating to a "buy" rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada dropped their target price on Sealed Air from $40.00 to $39.00 and set a "sector perform" rating for the company in a report on Thursday, October 17th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Family Firm Inc. acquired a new position in shares of Sealed Air in the second quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL acquired a new position in Sealed Air in the 2nd quarter valued at $34,000. Allspring Global Investments Holdings LLC increased its position in Sealed Air by 100.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,833 shares of the industrial products company's stock worth $99,000 after buying an additional 1,422 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Sealed Air by 523.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company's stock worth $101,000 after buying 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 second quarter valued at about $105,000. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Trading Down 3.4 %

Sealed Air stock traded down $1.22 during midday trading on Wednesday, reaching $34.32. The stock had a trading volume of 1,794,468 shares, compared to its average volume of 1,501,220. The firm's fifty day simple moving average is $36.02 and its two-hundred day simple moving average is $35.66. 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 has a twelve month low of $30.87 and a twelve month high of $41.14. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 4.97 and a beta of 1.34.

Sealed Air (NYSE:SEE - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business's revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share. Equities analysts anticipate that Sealed Air will post 3.06 EPS for the current fiscal year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, December 6th. Sealed Air's payout ratio is presently 29.41%.

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.