Shares of Sealed Air Corp (NYSE:SEE) have received an average rating of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $44.50.
Several research analysts have commented on the company. ValuEngine raised Sealed Air from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 7th. Citigroup lowered their target price on Sealed Air from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. UBS Group set a $45.00 target price on Sealed Air and gave the stock a “buy” rating in a research note on Friday, November 2nd. Barclays lowered their target price on Sealed Air from $50.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, October 22nd. Finally, Robert W. Baird reduced their price target on Sealed Air from $55.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, October 18th.
Several large investors have recently added to or reduced their stakes in SEE. Captrust Financial Advisors grew its holdings in shares of Sealed Air by 364.0% during the third quarter. Captrust Financial Advisors now owns 2,775 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 2,177 shares during the last quarter. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Sealed Air during the third quarter worth about $140,000. Cerebellum GP LLC bought a new stake in shares of Sealed Air during the third quarter worth about $180,000. Ridgewood Investments LLC bought a new stake in shares of Sealed Air during the third quarter worth about $202,000. Finally, First Mercantile Trust Co. bought a new stake in shares of Sealed Air during the third quarter worth about $202,000. Institutional investors own 97.35% of the company’s stock.
Sealed Air (NYSE:SEE) last issued its earnings results on Thursday, November 1st. The industrial products company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. Sealed Air had a negative return on equity of 150.20% and a negative net margin of 0.87%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. As a group, equities research analysts forecast that Sealed Air will post 2.43 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, December 6th. Sealed Air’s dividend payout ratio (DPR) is currently 35.36%.
About Sealed Air
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.
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