Sealed Air Corp (SEE) Receives Average Rating of “Hold” from Analysts

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Sealed Air Corp (NYSE:SEE) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $43.14.

SEE has been the subject of several analyst reports. KeyCorp reiterated a “hold” rating on shares of Sealed Air in a report on Thursday, February 7th. Goldman Sachs Group downgraded Sealed Air from a “buy” rating to a “neutral” rating in a report on Friday, February 8th. They noted that the move was a valuation call. Vertical Research downgraded Sealed Air from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Robert W. Baird boosted their price target on Sealed Air from $41.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, February 8th. Finally, TheStreet upgraded Sealed Air from a “d+” rating to a “c+” rating in a report on Thursday, February 7th.

In related news, CEO Edward L. Doheny II acquired 5,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $45.00 per share, with a total value of $225,000.00. Following the purchase, the chief executive officer now directly owns 167,246 shares of the company’s stock, valued at $7,526,070. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.53% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. MML Investors Services LLC boosted its position in Sealed Air by 3.9% during the 4th quarter. MML Investors Services LLC now owns 8,921 shares of the industrial products company’s stock worth $311,000 after purchasing an additional 333 shares during the period. Piedmont Investment Advisors Inc. boosted its position in Sealed Air by 3.9% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 8,884 shares of the industrial products company’s stock worth $409,000 after purchasing an additional 333 shares during the period. Stifel Financial Corp boosted its position in Sealed Air by 5.8% during the 4th quarter. Stifel Financial Corp now owns 6,114 shares of the industrial products company’s stock worth $214,000 after purchasing an additional 335 shares during the period. Flinton Capital Management LLC boosted its position in Sealed Air by 2.2% during the 4th quarter. Flinton Capital Management LLC now owns 15,736 shares of the industrial products company’s stock worth $548,000 after purchasing an additional 336 shares during the period. Finally, Neuburgh Advisers LLC boosted its position in Sealed Air by 2.2% during the 4th quarter. Neuburgh Advisers LLC now owns 19,108 shares of the industrial products company’s stock worth $666,000 after purchasing an additional 408 shares during the period. 98.44% of the stock is owned by institutional investors.

SEE traded up $0.31 during trading on Monday, hitting $41.70. The company’s stock had a trading volume of 1,138,631 shares, compared to its average volume of 1,374,848. The company has a market capitalization of $6.49 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13. Sealed Air has a twelve month low of $30.22 and a twelve month high of $47.13.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.13 billion. Sealed Air had a negative return on equity of 112.27% and a net margin of 9.57%. Sealed Air’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. As a group, research analysts anticipate that Sealed Air will post 2.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.16 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.53%. Sealed Air’s dividend payout ratio is presently 25.60%.

About Sealed Air

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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Analyst Recommendations for Sealed Air (NYSE:SEE)

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