Sealed Air Corporation (SEE) Earns “Buy” Rating from Robert W. Baird
Robert W. Baird reissued their buy rating on shares of Sealed Air Corporation (NYSE:SEE) in a research report report published on Friday morning. The firm currently has a $55.00 target price on the industrial products company’s stock.
Several other equities analysts have also recently commented on SEE. UBS AG set a $49.00 target price on Sealed Air Corporation and gave the stock a buy rating in a research report on Wednesday, May 10th. BidaskClub upgraded Sealed Air Corporation from a strong sell rating to a sell rating in a research report on Wednesday, August 9th. BMO Capital Markets restated a hold rating and set a $47.00 target price on shares of Sealed Air Corporation in a research report on Sunday, August 27th. Jefferies Group LLC restated a hold rating and set a $44.00 target price on shares of Sealed Air Corporation in a research report on Friday, August 11th. Finally, Royal Bank Of Canada cut Sealed Air Corporation from an outperform rating to a sector perform rating and reduced their target price for the stock from $52.00 to $44.00 in a research report on Thursday, May 11th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Sealed Air Corporation currently has an average rating of Hold and a consensus price target of $49.27.
Sealed Air Corporation (NYSE:SEE) traded up 1.28% during mid-day trading on Friday, hitting $44.95. The stock had a trading volume of 1,488,610 shares. The firm’s 50-day moving average is $44.75 and its 200 day moving average is $44.75. The company has a market cap of $8.54 billion, a price-to-earnings ratio of 23.23 and a beta of 1.19. Sealed Air Corporation has a 12 month low of $41.74 and a 12 month high of $50.62.
Sealed Air Corporation (NYSE:SEE) last posted its earnings results on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Sealed Air Corporation’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts anticipate that Sealed Air Corporation will post $1.82 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.42%. The ex-dividend date is Wednesday, August 30th. Sealed Air Corporation’s dividend payout ratio (DPR) is currently 33.16%.
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Sealed Air Corporation by 2.1% during the second quarter. Vanguard Group Inc. now owns 20,011,046 shares of the industrial products company’s stock worth $895,695,000 after purchasing an additional 403,530 shares during the last quarter. BlackRock Inc. lifted its stake in Sealed Air Corporation by 2.8% during the second quarter. BlackRock Inc. now owns 12,373,821 shares of the industrial products company’s stock worth $553,853,000 after purchasing an additional 333,722 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Sealed Air Corporation by 46,138.7% during the second quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock worth $474,465,000 after purchasing an additional 10,577,290 shares during the last quarter. Janus Capital Management LLC lifted its stake in Sealed Air Corporation by 9.0% during the first quarter. Janus Capital Management LLC now owns 10,071,664 shares of the industrial products company’s stock worth $438,917,000 after purchasing an additional 834,754 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Sealed Air Corporation by 199.6% during the second quarter. Ameriprise Financial Inc. now owns 4,592,978 shares of the industrial products company’s stock worth $205,703,000 after purchasing an additional 3,059,792 shares during the last quarter. 92.16% of the stock is owned by hedge funds and other institutional investors.
About Sealed Air Corporation
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing a range of integrated system solutions.
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