Sealed Air Corporation (SEE) Receives $48.00 Consensus Price Target from Brokerages

Shares of Sealed Air Corporation (NYSE:SEE) have earned a consensus rating of “Hold” from the fifteen research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $48.00.

Several analysts have issued reports on the stock. KeyCorp restated a “hold” rating on shares of Sealed Air Corporation in a research report on Monday, October 2nd. BidaskClub upgraded shares of Sealed Air Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Robert W. Baird restated a “buy” rating and issued a $55.00 price target on shares of Sealed Air Corporation in a research report on Friday, September 1st. BMO Capital Markets restated a “hold” rating and issued a $45.00 price target on shares of Sealed Air Corporation in a research report on Friday, June 9th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $44.00 price target on shares of Sealed Air Corporation in a research report on Friday, August 11th.

Shares of Sealed Air Corporation (NYSE SEE) traded up 0.16% during midday trading on Wednesday, hitting $44.16. 1,731,700 shares of the stock were exchanged. Sealed Air Corporation has a 12-month low of $41.22 and a 12-month high of $50.62. The firm has a market cap of $8.39 billion, a P/E ratio of 22.82 and a beta of 1.17. The stock’s 50 day moving average is $43.64 and its 200 day moving average is $44.20.

Sealed Air Corporation (NYSE:SEE) last posted its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. On average, equities research analysts forecast that Sealed Air Corporation will post $1.83 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, November 30th. Sealed Air Corporation’s payout ratio is 33.16%.

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In related news, Director Lawrence R. Codey sold 3,500 shares of Sealed Air Corporation stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $42.91, for a total transaction of $150,185.00. Following the completion of the transaction, the director now directly owns 38,180 shares of the company’s stock, valued at approximately $1,638,303.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.05% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. lifted its holdings in Sealed Air Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 10,524 shares of the industrial products company’s stock valued at $471,000 after purchasing an additional 27 shares during the last quarter. Cleararc Capital Inc. lifted its holdings in Sealed Air Corporation by 1.3% during the 1st quarter. Cleararc Capital Inc. now owns 4,745 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 60 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Sealed Air Corporation by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,772 shares of the industrial products company’s stock valued at $213,000 after purchasing an additional 70 shares during the last quarter. Ray Gerald L & Associates Ltd. lifted its holdings in Sealed Air Corporation by 1.2% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 9,513 shares of the industrial products company’s stock valued at $426,000 after purchasing an additional 113 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Sealed Air Corporation by 3.0% during the 1st quarter. Pacer Advisors Inc. now owns 3,979 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 116 shares during the last quarter. 92.12% 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 (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.

Analyst Recommendations for Sealed Air Corporation (NYSE:SEE)

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