Sealed Air Co. (NYSE:SEE) Receives $40.17 Consensus Target Price from Brokerages

Shares of Sealed Air Co. (NYSE:SEE) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $40.17.

A number of research firms have weighed in on SEE. Truist Financial boosted their price objective on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Bank of America cut their price target on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, January 6th. UBS Group raised their price objective on shares of Sealed Air from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Morgan Stanley dropped their target price 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. Finally, Citigroup reduced their price target on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, January 6th.

Sealed Air Trading Up 0.6 %

SEE opened at $31.93 on Monday. The stock has a 50-day moving average of $33.89 and a 200 day moving average of $34.87. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. Sealed Air has a 12 month low of $30.87 and a 12 month high of $41.14. The firm has a market cap of $4.65 billion, a P/E ratio of 11.74 and a beta of 1.32.

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

Sealed Air Dividend Announcement

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

Hedge Funds Weigh In On Sealed Air

Hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Sealed Air in the fourth quarter worth about $27,000. Manchester Capital Management LLC raised its holdings in shares of Sealed Air by 139.4% in the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 700 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 907 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sealed Air during the fourth quarter valued at approximately $45,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Sealed Air by 148.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 913 shares in the last quarter. 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.