Royal Bank Of Canada reiterated their hold rating on shares of Sealed Air Corporation (NYSE:SEE) in a report issued on Wednesday morning. The brokerage currently has a $45.00 price objective on the industrial products company’s stock.
A number of other brokerages also recently commented on SEE. BMO Capital Markets reaffirmed a hold rating and issued a $47.00 price objective on shares of Sealed Air Corporation in a research report on Thursday, July 20th. Zacks Investment Research downgraded Sealed Air Corporation from a buy rating to a hold rating in a research report on Wednesday, July 19th. BidaskClub downgraded Sealed Air Corporation from a buy rating to a hold rating in a research report on Monday, July 24th. Robert W. Baird reaffirmed an outperform rating and issued a $55.00 price objective on shares of Sealed Air Corporation in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $44.00 price objective on shares of Sealed Air Corporation in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $48.18.
Sealed Air Corporation (NYSE:SEE) opened at 43.45 on Wednesday. Sealed Air Corporation has a 52 week low of $41.74 and a 52 week high of $50.62. The stock has a 50 day moving average price of $44.21 and a 200 day moving average price of $44.50. The firm has a market cap of $8.26 billion, a price-to-earnings ratio of 22.45 and a beta of 1.19.
Sealed Air Corporation (NYSE:SEE) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. Sealed Air Corporation’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. Equities research analysts expect that Sealed Air Corporation will post $1.83 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, August 30th. Sealed Air Corporation’s dividend payout ratio (DPR) is presently 33.16%.
A number of hedge funds have recently bought and sold shares of SEE. Assetmark Inc. grew its position in Sealed Air Corporation by 1.0% during the first quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 25 shares during the period. TrimTabs Asset Management LLC purchased a new stake in Sealed Air Corporation during the first quarter valued at about $109,000. Fiduciary Trust Co. purchased a new stake in Sealed Air Corporation during the second quarter valued at about $124,000. Global X Management Co. LLC grew its position in Sealed Air Corporation by 30.4% during the first quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 687 shares during the period. Finally, Pacer Advisors Inc. grew its position in Sealed Air Corporation by 3.0% during the first quarter. Pacer Advisors Inc. now owns 3,979 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 116 shares during the period. 92.16% of the stock is owned by hedge funds and other institutional investors.
Sealed Air Corporation Company Profile
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing a range of integrated system solutions.
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