Sealed Air Corp (NYSE:SEE) Receives Consensus Rating of “Hold” from Brokerages

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Shares of Sealed Air Corp (NYSE:SEE) have been assigned an average recommendation of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $43.95.

Several equities research analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of Sealed Air from $45.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, October 17th. Wells Fargo & Co reduced their price objective on shares of Sealed Air from $43.00 to $40.00 and set a “market perform” rating for the company in a report on Thursday, November 7th. ValuEngine downgraded shares of Sealed Air from a “sell” rating to a “strong sell” rating in a report on Thursday, October 10th. Finally, KeyCorp raised shares of Sealed Air from an “underweight” rating to a “sector weight” rating in a report on Wednesday, November 6th. They noted that the move was a valuation call.

Shares of Sealed Air stock traded up $0.23 during trading on Monday, hitting $38.24. 22,980 shares of the stock were exchanged, compared to its average volume of 1,046,852. The stock’s fifty day moving average is $40.75 and its 200 day moving average is $42.25. The stock has a market cap of $5.91 billion, a PE ratio of 15.29, a P/E/G ratio of 1.39 and a beta of 1.07. Sealed Air has a 12 month low of $32.33 and a 12 month high of $47.13.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Sealed Air had a net margin of 7.55% and a negative return on equity of 135.60%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Sell-side analysts expect that Sealed Air will post 2.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Thursday, December 5th. Sealed Air’s dividend payout ratio (DPR) is currently 25.60%.

In other news, CFO James M. Sullivan bought 5,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were purchased at an average price of $38.75 per share, for a total transaction of $193,750.00. Following the purchase, the chief financial officer now owns 17,028 shares of the company’s stock, valued at approximately $659,835. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Motco purchased a new position in Sealed Air during the 2nd quarter valued at $29,000. Doyle Wealth Management acquired a new position in Sealed Air during the second quarter worth $40,000. CSat Investment Advisory L.P. lifted its stake in Sealed Air by 34.1% in the second quarter. CSat Investment Advisory L.P. now owns 1,234 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 314 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in Sealed Air in the third quarter valued at $96,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of Sealed Air by 51.4% in the second quarter. Rockefeller Capital Management L.P. now owns 2,894 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 983 shares during the period. Institutional investors and hedge funds own 95.80% of the company’s stock.

Sealed Air Company Profile

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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