Sealed Air’s (SEE) “Buy” Rating Reaffirmed at Truist Financial

Truist Financial reissued their buy rating on shares of Sealed Air (NYSE:SEE) in a research report report published on Monday morning, Benzinga reports. They currently have a $44.00 price objective on the industrial products company’s stock.

SEE has been the topic of a number of other reports. Mizuho upgraded Sealed Air from a neutral rating to a buy rating and upped their target price for the stock from $36.00 to $50.00 in a research note on Thursday, June 6th. Wolfe Research initiated coverage on Sealed Air in a research report on Friday, March 1st. They set a peer perform rating on the stock. William Blair reiterated a market perform rating on shares of Sealed Air in a report on Thursday, May 2nd. Finally, StockNews.com upgraded shares of Sealed Air from a hold rating to a buy rating in a report on Monday, June 10th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $44.90.

Sealed Air Trading Down 0.1 %

Shares of Sealed Air stock opened at $36.59 on Monday. The company’s 50-day moving average price is $35.79 and its 200-day moving average price is $35.68. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 3.29 and a beta of 1.35. Sealed Air has a 12-month low of $28.50 and a 12-month high of $47.12. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 7.49.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.53 by $0.25. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.28 billion. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS. On average, equities analysts expect that Sealed Air will post 2.89 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.20 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.19%. Sealed Air’s dividend payout ratio is presently 32.13%.

Institutional Investors Weigh In On Sealed Air

A number of large investors have recently made changes to their positions in SEE. Invenomic Capital Management LP bought a new position in Sealed Air in the 4th quarter worth $6,834,000. Dark Forest Capital Management LP purchased a new stake in Sealed Air in the third quarter worth $895,000. BNP Paribas Financial Markets increased its position in shares of Sealed Air by 158.5% during the fourth quarter. BNP Paribas Financial Markets now owns 322,620 shares of the industrial products company’s stock worth $11,782,000 after acquiring an additional 197,799 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of Sealed Air during the 4th quarter worth $2,965,000. Finally, Adage Capital Partners GP L.L.C. raised its holdings in shares of Sealed Air by 66.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 250,097 shares of the industrial products company’s stock valued at $8,218,000 after purchasing an additional 99,700 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors.

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.