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

Sealed Air Co. (NYSE:SEE) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $44.18.

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Sealed Air from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $35.00 to $43.00 in a research report on Thursday, January 11th. Wolfe Research began coverage on shares of Sealed Air in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Mizuho reduced their target price on shares of Sealed Air from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Finally, Truist Financial raised shares of Sealed Air from a “hold” rating to a “buy” rating and boosted their target price for the company from $39.00 to $44.00 in a research note on Monday, April 8th.

Sealed Air Price Performance

SEE opened at $31.53 on Friday. The company has a 50-day moving average of $35.33 and a 200-day moving average of $34.30. The company has a market capitalization of $4.59 billion, a P/E ratio of 13.36, a PEG ratio of 2.68 and a beta of 1.28. Sealed Air has a 1-year low of $28.50 and a 1-year high of $48.44. The company has a debt-to-equity ratio of 8.21, a quick ratio of 0.79 and a current ratio of 1.30.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.26. Sealed Air had a net margin of 6.22% and a return on equity of 107.48%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities analysts expect that Sealed Air will post 2.85 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.54%. Sealed Air’s dividend payout ratio is currently 33.90%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. MetLife Investment Management LLC raised its stake in shares of Sealed Air by 34.1% in the first quarter. MetLife Investment Management LLC now owns 43,894 shares of the industrial products company’s stock worth $2,939,000 after acquiring an additional 11,160 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Sealed Air by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,824 shares of the industrial products company’s stock worth $1,327,000 after acquiring an additional 1,228 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Sealed Air by 93.2% in the first quarter. Raymond James Trust N.A. now owns 6,135 shares of the industrial products company’s stock valued at $411,000 after purchasing an additional 2,960 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Sealed Air by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 980,118 shares of the industrial products company’s stock valued at $65,636,000 after acquiring an additional 34,459 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in Sealed Air by 2.7% during the first quarter. Vontobel Holding Ltd. now owns 19,145 shares of the industrial products company’s stock worth $1,307,000 after buying an additional 498 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

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.