Sealed Air Corporation (NYSE:SEE) Receives Average Rating of “Moderate Buy” from Brokerages

Sealed Air Corporation (NYSE:SEE) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $42.6364.

Several analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of Sealed Air from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. boosted their price objective on shares of Sealed Air from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Morgan Stanley raised their target price on shares of Sealed Air from $31.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $50.00 price target (up from $39.00) on shares of Sealed Air in a report on Friday, October 17th. Finally, Truist Financial reiterated a “buy” rating and set a $45.00 price objective (up previously from $40.00) on shares of Sealed Air in a report on Wednesday, November 5th.

Sealed Air Price Performance

NYSE SEE opened at $43.32 on Friday. The company has a market cap of $6.37 billion, a PE ratio of 21.88, a P/E/G ratio of 2.40 and a beta of 1.38. The firm’s 50 day moving average price is $35.00 and its 200-day moving average price is $32.52. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19. Sealed Air has a 52-week low of $22.78 and a 52-week high of $44.27.

Sealed Air (NYSE:SEE) last posted its earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. Sell-side analysts forecast that Sealed Air will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a $0.20 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.8%. Sealed Air’s dividend payout ratio (DPR) is 25.97%.

Hedge Funds Weigh In On Sealed Air

Several hedge funds and other institutional investors have recently modified their holdings of SEE. T. Rowe Price Investment Management Inc. grew its position in Sealed Air by 1.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 12,545,129 shares of the industrial products company’s stock worth $362,555,000 after purchasing an additional 228,937 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Sealed Air by 31.7% during the third quarter. Invesco Ltd. now owns 4,754,668 shares of the industrial products company’s stock worth $168,078,000 after buying an additional 1,144,982 shares during the period. Bank of America Corp DE grew its holdings in shares of Sealed Air by 13.7% during the second quarter. Bank of America Corp DE now owns 4,220,533 shares of the industrial products company’s stock valued at $130,963,000 after buying an additional 507,067 shares during the last quarter. Ancora Advisors LLC increased its position in shares of Sealed Air by 81.1% in the 3rd quarter. Ancora Advisors LLC now owns 3,437,412 shares of the industrial products company’s stock valued at $121,513,000 after acquiring an additional 1,538,927 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Sealed Air by 5.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,900,066 shares of the industrial products company’s stock valued at $102,513,000 after acquiring an additional 137,699 shares during the period. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Company Profile

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.