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

Sealed Air Co. (NYSE:SEE) has been assigned a consensus rating of “Hold” from the thirteen research firms that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $41.30.

Several research firms have recently commented on SEE. Morgan Stanley assumed coverage on shares of Sealed Air in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 target price for the company. Truist Financial reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Sealed Air in a report on Monday, June 17th. Stifel Nicolaus assumed coverage on Sealed Air in a research note on Tuesday, July 9th. They set a “buy” rating and a $47.00 target price for the company. Citigroup decreased their price target on Sealed Air from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Finally, StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research report on Friday, August 9th.

Hedge Funds Weigh In On Sealed Air

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new stake in shares of Sealed Air in the second quarter valued at approximately $660,000. Strategic Investment Solutions Inc. IL purchased a new stake in Sealed Air in the 2nd quarter valued at approximately $34,000. Brandes Investment Partners LP grew its holdings in Sealed Air by 2,050.8% during the 2nd quarter. Brandes Investment Partners LP now owns 274,264 shares of the industrial products company’s stock valued at $9,577,000 after buying an additional 261,512 shares during the last quarter. Quarry LP grew its holdings in Sealed Air by 230.1% during the 2nd quarter. Quarry LP now owns 3,390 shares of the industrial products company’s stock valued at $118,000 after buying an additional 2,363 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in 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. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Price Performance

Shares of SEE opened at $33.26 on Monday. The company has a debt-to-equity ratio of 6.81, a quick ratio of 0.79 and a current ratio of 1.30. Sealed Air has a fifty-two week low of $28.50 and a fifty-two week high of $41.14. The firm has a 50-day simple moving average of $34.87 and a 200-day simple moving average of $35.39. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 8.33 and a beta of 1.34.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Thursday, August 8th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.19. Sealed Air had a return on equity of 85.65% and a net margin of 6.64%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm earned $0.80 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Sealed Air will post 2.93 earnings per share for the current year.

Sealed Air Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.41%. Sealed Air’s payout ratio is 32.13%.

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.