Shares of Sealed Air Corp (NYSE:SEE) have been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $38.78.

A number of equities research analysts recently weighed in on SEE shares. Robert W. Baird raised their price target on Sealed Air from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. They noted that the move was a valuation call. Jefferies Financial Group started coverage on Sealed Air in a report on Monday, July 13th. They set a “buy” rating and a $39.00 price target for the company. Zacks Investment Research raised Sealed Air from a “sell” rating to a “hold” rating and set a $37.00 price target for the company in a report on Thursday, July 16th. KeyCorp reaffirmed a “hold” rating on shares of Sealed Air in a report on Thursday, August 6th. Finally, G.Research reissued a “buy” rating on shares of Sealed Air in a research note on Monday, August 10th.

Sealed Air stock opened at $38.61 on Friday. The company has a market capitalization of $6.01 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 2.08 and a beta of 1.24. Sealed Air has a one year low of $17.06 and a one year high of $42.74. The business has a 50 day simple moving average of $39.59 and a 200 day simple moving average of $32.47.

Sealed Air (NYSE:SEE) last posted its earnings results on Thursday, August 6th. The industrial products company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.22. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.07 billion. Sealed Air had a negative return on equity of 240.81% and a net margin of 8.24%. Sealed Air’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. On average, sell-side analysts anticipate that Sealed Air will post 2.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.66%. Sealed Air’s dividend payout ratio (DPR) is presently 22.70%.

In other Sealed Air news, SVP Karl R. Deily sold 63,349 shares of Sealed Air stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $40.00, for a total transaction of $2,533,960.00. Following the transaction, the senior vice president now directly owns 196,398 shares in the company, valued at $7,855,920. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Karl R. Deily sold 9,239 shares of Sealed Air stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $40.18, for a total value of $371,223.02. Following the transaction, the senior vice president now owns 176,596 shares in the company, valued at $7,095,627.28. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of SEE. Eminence Capital LP bought a new stake in shares of Sealed Air in the first quarter valued at about $75,701,000. Kohlberg Kravis Roberts & Co. L.P. bought a new stake in shares of Sealed Air in the second quarter valued at about $52,926,000. Nordea Investment Management AB lifted its holdings in shares of Sealed Air by 118.7% in the second quarter. Nordea Investment Management AB now owns 2,309,254 shares of the industrial products company’s stock valued at $74,058,000 after purchasing an additional 1,253,572 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Sealed Air by 33.4% in the first quarter. Alliancebernstein L.P. now owns 3,183,230 shares of the industrial products company’s stock valued at $78,658,000 after purchasing an additional 797,605 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Sealed Air by 4,958.1% in the second quarter. FMR LLC now owns 577,886 shares of the industrial products company’s stock valued at $18,984,000 after purchasing an additional 566,461 shares in the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Sealed Air Company Profile

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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Analyst Recommendations for Sealed Air (NYSE:SEE)

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