Sealed Air Corporation (SEE) Given Average Recommendation of “Hold” by Brokerages
Shares of Sealed Air Corporation (NYSE:SEE) have been assigned an average rating of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $48.55.
Several analysts have recently issued reports on the company. BidaskClub upgraded Sealed Air Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $49.00 price objective on shares of Sealed Air Corporation in a research note on Friday, November 17th. Robert W. Baird restated a “buy” rating and issued a $55.00 price target on shares of Sealed Air Corporation in a research note on Friday, September 1st. Zacks Investment Research upgraded Sealed Air Corporation from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $44.00 price target on shares of Sealed Air Corporation in a research note on Friday, August 11th.
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Shares of Sealed Air Corporation (SEE) traded up $0.17 during midday trading on Thursday, hitting $45.31. The stock had a trading volume of 1,597,700 shares, compared to its average volume of 2,161,729. The firm has a market capitalization of $10,460.00, a PE ratio of 22.57, a P/E/G ratio of 6.28 and a beta of 1.21. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.34 and a current ratio of 1.70. Sealed Air Corporation has a twelve month low of $41.22 and a twelve month high of $50.62.
Sealed Air Corporation (NYSE:SEE) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Sealed Air Corporation had a return on equity of 67.60% and a net margin of 20.15%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $0.41 earnings per share. sell-side analysts expect that Sealed Air Corporation will post 1.8 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Thursday, November 30th. Sealed Air Corporation’s dividend payout ratio is presently 61.54%.
In other Sealed Air Corporation news, SVP Emile Z. Chammas sold 6,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.24, for a total transaction of $271,440.00. Following the transaction, the senior vice president now owns 142,077 shares of the company’s stock, valued at $6,427,563.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lawrence R. Codey sold 3,500 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $42.91, for a total value of $150,185.00. Following the transaction, the director now directly owns 38,180 shares in the company, valued at approximately $1,638,303.80. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP purchased a new position in shares of Sealed Air Corporation during the third quarter worth about $754,000. IFM Investors Pty Ltd purchased a new position in shares of Sealed Air Corporation during the third quarter worth about $242,000. California Public Employees Retirement System grew its holdings in shares of Sealed Air Corporation by 4.7% during the third quarter. California Public Employees Retirement System now owns 550,405 shares of the industrial products company’s stock worth $23,513,000 after purchasing an additional 24,705 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Sealed Air Corporation during the third quarter worth about $2,547,000. Finally, Point72 Asset Management L.P. grew its holdings in shares of Sealed Air Corporation by 46.8% during the third quarter. Point72 Asset Management L.P. now owns 58,700 shares of the industrial products company’s stock worth $2,508,000 after purchasing an additional 18,700 shares during the last quarter. 75.41% of the stock is currently owned by institutional investors.
Sealed Air Corporation 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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