Sealed Air Corporation (NYSE:SEE) Receives $43.42 Average PT from Analysts

Sealed Air Corporation (NYSE:SEE) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $43.4167.

SEE has been the subject of a number of analyst reports. Wall Street Zen downgraded Sealed Air from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Wells Fargo & Company increased their target price on Sealed Air from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Robert W. Baird reissued a “neutral” rating and set a $42.00 price target (down previously from $45.00) on shares of Sealed Air in a research report on Thursday, December 18th. Morgan Stanley lifted their price target on shares of Sealed Air from $31.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Sealed Air from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th.

Institutional Trading of Sealed Air

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV bought a new position in Sealed Air during the 4th quarter worth approximately $302,000. Coastal Bridge Advisors LLC acquired a new stake in shares of Sealed Air during the 4th quarter valued at approximately $201,000. NewEdge Advisors LLC lifted its stake in Sealed Air by 12,425.8% during the fourth quarter. NewEdge Advisors LLC now owns 7,766 shares of the industrial products company’s stock worth $322,000 after purchasing an additional 7,704 shares during the last quarter. Empowered Funds LLC bought a new position in Sealed Air during the fourth quarter worth $546,000. Finally, VARCOV Co. bought a new stake in Sealed Air during the fourth quarter valued at $686,000. 94.40% of the stock is owned by institutional investors.

Sealed Air Stock Performance

NYSE:SEE opened at $41.92 on Monday. The firm has a 50-day moving average of $41.69 and a two-hundred day moving average of $37.61. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.29 and a quick ratio of 0.75. The stock has a market cap of $6.17 billion, a P/E ratio of 13.61 and a beta of 1.35. Sealed Air has a 1-year low of $22.78 and a 1-year high of $44.27.

Sealed Air Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. Sealed Air’s dividend payout ratio (DPR) is presently 25.97%.

About Sealed Air

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.