Shares of Sealed Air Corporation (NYSE:SEE) have been given an average rating of “Hold” by the sixteen analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $49.18.
A number of research analysts have recently weighed in on the company. SunTrust Banks set a $48.00 price target on Sealed Air and gave the company a “buy” rating in a research report on Sunday, September 10th. Barclays upgraded Sealed Air from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $46.00 to $53.00 in a research report on Friday, December 15th. Zacks Investment Research upgraded Sealed Air from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. KeyCorp restated a “hold” rating on shares of Sealed Air in a research report on Monday, October 2nd. Finally, Royal Bank of Canada restated a “hold” rating and issued a $47.00 price target on shares of Sealed Air in a research report on Thursday, November 9th.
Sealed Air (NYSE SEE) traded up $0.19 during trading hours on Monday, reaching $48.70. The company’s stock had a trading volume of 2,682,291 shares, compared to its average volume of 2,212,276. The stock has a market capitalization of $8,957.99, a PE ratio of 24.83, a price-to-earnings-growth ratio of 6.88 and a beta of 1.23. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.70 and a quick ratio of 1.34. Sealed Air has a 1 year low of $41.22 and a 1 year high of $50.62.
Sealed Air (NYSE:SEE) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. Sealed Air had a return on equity of 67.60% and a net margin of 20.15%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the business posted $0.41 earnings per share. Sealed Air’s revenue was up 6.2% compared to the same quarter last year. sell-side analysts anticipate that Sealed Air will post 1.8 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, November 30th. Sealed Air’s payout ratio is currently 12.19%.
In related news, CFO William G. Stiehl sold 3,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $48.98, for a total transaction of $146,940.00. Following the sale, the chief financial officer now owns 34,797 shares of the company’s stock, valued at $1,704,357.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Emile Z. Chammas sold 6,000 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $45.24, for a total value of $271,440.00. Following the sale, the senior vice president now directly owns 142,077 shares in the company, valued at approximately $6,427,563.48. The disclosure for this sale can be found here. 1.05% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Fiduciary Trust Co. acquired a new stake in shares of Sealed Air during the second quarter valued at $124,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Sealed Air during the third quarter valued at $140,000. Global X Management Co. LLC boosted its stake in shares of Sealed Air by 23.7% during the second quarter. Global X Management Co. LLC now owns 3,649 shares of the industrial products company’s stock valued at $163,000 after acquiring an additional 699 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Sealed Air by 8.1% during the second quarter. Pacer Advisors Inc. now owns 4,301 shares of the industrial products company’s stock valued at $193,000 after acquiring an additional 322 shares during the last quarter. Finally, King Luther Capital Management Corp acquired a new stake in shares of Sealed Air during the second quarter valued at $205,000. 92.94% of the stock is currently owned by institutional investors and hedge funds.
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Sealed Air 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.
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