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

Sealed Air Co. (NYSE:SEE - Get Free Report) has received an average rating of "Moderate Buy" from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $40.08.

Several brokerages recently commented on SEE. Raymond James raised 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. Citigroup cut their price objective on Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a report on Monday, January 6th. Royal Bank of Canada lowered their target price on Sealed Air from $40.00 to $39.00 and set a "sector perform" rating on the stock in a report on Thursday, October 17th. Mizuho dropped their target price on shares of Sealed Air from $45.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their target price on shares of Sealed Air from $44.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, January 6th.

Hedge Funds Weigh In On Sealed Air

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP lifted its position in shares of Sealed Air by 9.2% in the third quarter. Quarry LP now owns 3,701 shares of the industrial products company's stock worth $134,000 after purchasing an additional 311 shares in the last quarter. Everence Capital Management Inc. lifted its position in Sealed Air by 2.8% in the 3rd quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company's stock worth $506,000 after buying an additional 380 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Sealed Air by 4.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company's stock worth $326,000 after buying an additional 380 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Sealed Air by 3.4% during the 3rd quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company's stock valued at $509,000 after buying an additional 466 shares during the period. Finally, Mount Yale Investment Advisors LLC grew its holdings in shares of Sealed Air by 1.3% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 36,643 shares of the industrial products company's stock valued at $1,275,000 after acquiring an additional 467 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.

Sealed Air Stock Performance

Sealed Air stock traded down $0.61 during mid-day trading on Friday, hitting $33.07. 1,138,310 shares of the company's stock traded hands, compared to its average volume of 1,126,718. Sealed Air has a one year low of $30.87 and a one year high of $41.14. The company has a market cap of $4.82 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 4.97 and a beta of 1.34. The firm has a 50 day moving average price of $35.28 and a 200 day moving average price of $35.19. 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 (NYSE:SEE - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company's revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 earnings per share. On average, equities analysts forecast that Sealed Air will post 3.06 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Friday, December 6th. Sealed Air's dividend payout ratio is currently 29.41%.

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.