Sealed Air Co. (NYSE:SEE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Sealed Air Co. (NYSE:SEE) have earned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $40.08.

A number of research firms recently commented on SEE. UBS Group dropped their target price on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday. Bank of America reduced their price objective on Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada reduced 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. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th. Finally, Citigroup reduced their price objective on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, January 6th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SEE. Commonwealth Equity Services LLC increased its position in Sealed Air by 5.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 16,199 shares of the industrial products company’s stock worth $564,000 after buying an additional 788 shares during the period. Choreo LLC acquired a new position in Sealed Air during the 2nd quarter valued at $338,000. American Century Companies Inc. boosted its holdings in Sealed Air by 4.8% in the 2nd quarter. American Century Companies Inc. now owns 31,877 shares of the industrial products company’s stock valued at $1,109,000 after purchasing an additional 1,468 shares during the period. GHP Investment Advisors Inc. grew its position in Sealed Air by 8.3% in the 2nd quarter. GHP Investment Advisors Inc. now owns 37,291 shares of the industrial products company’s stock worth $1,297,000 after purchasing an additional 2,867 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Sealed Air by 5.2% during the second quarter. Envestnet Asset Management Inc. now owns 553,230 shares of the industrial products company’s stock valued at $19,247,000 after buying an additional 27,554 shares during the last quarter. 94.40% of the stock is owned by institutional investors.

Sealed Air Stock Performance

Shares of SEE stock opened at $33.07 on Friday. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 4.97 and a beta of 1.34. Sealed Air has a one year low of $30.87 and a one year high of $41.14. The company’s 50-day simple moving average is $35.28 and its 200-day simple moving average is $35.20. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29.

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

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.42%. Sealed Air’s dividend payout ratio (DPR) is currently 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.