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

Shares of Sealed Air Co. (NYSE:SEE) have been assigned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $40.17.

A number of analysts recently issued reports on SEE shares. Bank of America lowered their price target on Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Citigroup lowered their price target on Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Mizuho lowered their price target on Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. UBS Group raised their price target on Sealed Air from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Finally, Morgan Stanley lowered their price target on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th.

Sealed Air Stock Up 0.6 %

NYSE SEE opened at $31.93 on Monday. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The company has a market capitalization of $4.65 billion, a P/E ratio of 11.74 and a beta of 1.32. Sealed Air has a one year low of $30.87 and a one year high of $41.14. The stock has a 50 day moving average price of $33.94 and a 200-day moving average price of $34.87.

Sealed Air (NYSE:SEE) last posted its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. As a group, equities analysts predict that Sealed Air will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.51%. Sealed Air’s payout ratio is 44.20%.

Hedge Funds Weigh In On Sealed Air

Several institutional investors have recently made changes to their positions in SEE. Wealth Enhancement Advisory Services LLC increased its stake in shares of Sealed Air by 20.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,590 shares of the industrial products company’s stock valued at $312,000 after buying an additional 1,441 shares during the period. New York State Teachers Retirement System increased its stake in shares of Sealed Air by 5.5% during the third quarter. New York State Teachers Retirement System now owns 166,502 shares of the industrial products company’s stock valued at $6,044,000 after buying an additional 8,669 shares during the period. Van ECK Associates Corp increased its stake in shares of Sealed Air by 129.1% during the third quarter. Van ECK Associates Corp now owns 138,186 shares of the industrial products company’s stock valued at $5,019,000 after buying an additional 77,881 shares during the period. Assetmark Inc. increased its stake in shares of Sealed Air by 1.8% during the third quarter. Assetmark Inc. now owns 55,570 shares of the industrial products company’s stock valued at $2,017,000 after buying an additional 961 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. purchased a new position in shares of Sealed Air during the third quarter valued at $212,000. Hedge funds and other institutional investors own 94.40% of the company’s stock.

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.