Sealed Air (NYSE:SEE) has received an average recommendation of “Hold” from the fourteen ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $50.75.
SEE has been the subject of a number of analyst reports. KeyCorp reissued a “hold” rating on shares of Sealed Air in a research note on Friday, February 9th. Vertical Research raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Citigroup cut their target price on Sealed Air from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. TheStreet downgraded Sealed Air from a “c” rating to a “d+” rating in a research note on Thursday, May 3rd. Finally, Zacks Investment Research raised Sealed Air from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Tuesday, April 24th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tyers Asset Management LLC increased its stake in Sealed Air by 11.8% in the 1st quarter. Tyers Asset Management LLC now owns 11,044 shares of the industrial products company’s stock valued at $472,000 after purchasing an additional 1,166 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Sealed Air by 10.5% in the 1st quarter. Riverhead Capital Management LLC now owns 12,241 shares of the industrial products company’s stock valued at $524,000 after purchasing an additional 1,168 shares in the last quarter. Creative Planning increased its stake in Sealed Air by 11.6% in the 4th quarter. Creative Planning now owns 12,717 shares of the industrial products company’s stock valued at $627,000 after purchasing an additional 1,317 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Sealed Air by 9.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,919 shares of the industrial products company’s stock valued at $681,000 after purchasing an additional 1,328 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in Sealed Air by 3.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 41,369 shares of the industrial products company’s stock valued at $2,040,000 after purchasing an additional 1,400 shares in the last quarter. 91.19% of the stock is owned by hedge funds and other institutional investors.
Shares of Sealed Air traded up $0.82, reaching $44.39, during trading hours on Thursday, MarketBeat.com reports. 1,325,625 shares of the company’s stock were exchanged, compared to its average volume of 1,464,723. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15. Sealed Air has a 1 year low of $40.76 and a 1 year high of $49.94. The company has a current ratio of 1.17, a quick ratio of 0.77 and a debt-to-equity ratio of -8.90.
Sealed Air (NYSE:SEE) last issued its earnings results on Thursday, May 3rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Sealed Air had a return on equity of 154.85% and a net margin of 14.06%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 EPS. equities analysts forecast that Sealed Air will post 2.51 earnings per share for the current fiscal year.
Sealed Air declared that its board has authorized a stock repurchase plan on Thursday, May 3rd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to purchase up to 13.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.44%. The ex-dividend date is Thursday, May 31st. Sealed Air’s payout ratio is currently 35.36%.
Sealed Air Company Profile
Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
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.