Sealed Air (NYSE:SEE) PT Lowered to $43.00

Sealed Air (NYSE:SEEFree Report) had its target price lowered by Citigroup from $44.00 to $43.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

SEE has been the topic of several other research reports. Truist Financial reiterated a buy rating and set a $44.00 price target on shares of Sealed Air in a research report on Monday, June 17th. William Blair reaffirmed a market perform rating on shares of Sealed Air in a research note on Thursday, May 2nd. Mizuho raised shares of Sealed Air from a neutral rating to a buy rating and raised their price target for the company from $36.00 to $50.00 in a research note on Thursday, June 6th. Finally, StockNews.com cut shares of Sealed Air from a buy rating to a hold rating in a report on Wednesday, July 3rd. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $45.00.

Get Our Latest Stock Analysis on SEE

Sealed Air Stock Up 1.8 %

Sealed Air stock opened at $34.63 on Monday. The stock has a market cap of $5.04 billion, a P/E ratio of 13.91, a P/E/G ratio of 3.10 and a beta of 1.35. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 7.49. Sealed Air has a twelve month low of $28.50 and a twelve month high of $47.12. The company’s 50-day moving average price is $36.91 and its two-hundred day moving average price is $35.75.

Sealed Air (NYSE:SEEGet Free Report) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $0.74 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. As a group, analysts expect that Sealed Air will post 2.89 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, June 14th. Sealed Air’s dividend payout ratio is currently 32.13%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SEE. CVA Family Office LLC acquired a new position in shares of Sealed Air during the fourth quarter valued at about $27,000. Bruce G. Allen Investments LLC purchased a new position in Sealed Air during the fourth quarter worth about $29,000. Fidelis Capital Partners LLC purchased a new position in Sealed Air during the first quarter worth about $31,000. Massmutual Trust Co. FSB ADV boosted its holdings in Sealed Air by 81.9% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 449 shares during the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in Sealed Air during the third quarter worth about $42,000. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Sealed Air (NYSE:SEE)

Receive News & Ratings for Sealed Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sealed Air and related companies with MarketBeat.com's FREE daily email newsletter.