Sealed Air (NYSE:SEE) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of Sealed Air (NYSE:SEE) in a research report sent to investors on Tuesday morning, Marketbeat reports. The firm issued a buy rating and a $47.00 target price on the industrial products company’s stock.

Several other research analysts also recently commented on SEE. StockNews.com downgraded shares of Sealed Air from a buy rating to a hold rating in a research report on Wednesday, July 3rd. Mizuho upgraded shares of Sealed Air from a neutral rating to a buy rating and boosted their price objective for the company from $36.00 to $50.00 in a research report on Thursday, June 6th. William Blair restated a market perform rating on shares of Sealed Air in a research report on Thursday, May 2nd. Citigroup lowered their price objective on shares of Sealed Air from $44.00 to $43.00 and set a buy rating for the company in a research report on Monday. Finally, Truist Financial reaffirmed a buy rating and set a $44.00 target price on shares of Sealed Air in a research note on Monday, June 17th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $45.00.

Sealed Air Price Performance

Shares of NYSE SEE opened at $35.30 on Tuesday. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 3.10 and a beta of 1.35. The business has a 50-day moving average of $36.92 and a 200-day moving average of $35.75. The company has a debt-to-equity ratio of 7.49, a current ratio of 1.33 and a quick ratio of 0.80. Sealed Air has a fifty-two week low of $28.50 and a fifty-two week high of $47.12.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. Sealed Air’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. As a group, sell-side analysts predict that Sealed Air will post 2.89 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.27%. Sealed Air’s dividend payout ratio is 32.13%.

Institutional Trading of Sealed Air

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Sealed Air by 0.5% in the third quarter. Vanguard Group Inc. now owns 16,853,598 shares of the industrial products company’s stock valued at $553,809,000 after buying an additional 92,114 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Sealed Air by 2,549.6% during the fourth quarter. Hsbc Holdings PLC now owns 5,340,247 shares of the industrial products company’s stock valued at $195,720,000 after purchasing an additional 5,138,700 shares during the period. Earnest Partners LLC raised its holdings in shares of Sealed Air by 7.3% during the first quarter. Earnest Partners LLC now owns 2,500,378 shares of the industrial products company’s stock valued at $93,014,000 after purchasing an additional 170,846 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Sealed Air during the fourth quarter valued at about $86,410,000. Finally, Norges Bank acquired a new position in shares of Sealed Air during the fourth quarter valued at about $52,968,000. Institutional investors own 94.40% of the company’s stock.

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.