Sealed Air (NYSE:SEE) Stock Passes Above 200 Day Moving Average – Time to Sell?

Sealed Air Corporation (NYSE:SEE)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $39.49 and traded as high as $42.04. Sealed Air shares last traded at $41.9910, with a volume of 3,028,671 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SEE shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Sealed Air in a report on Monday, December 29th. Truist Financial boosted their price objective on shares of Sealed Air from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Robert W. Baird reiterated a “neutral” rating and set a $42.00 price objective (down from $45.00) on shares of Sealed Air in a research note on Thursday, December 18th. Finally, Raymond James Financial cut shares of Sealed Air from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.09.

Sealed Air Price Performance

The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.56 and a current ratio of 0.91. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 12.24 and a beta of 1.35. The business’s 50 day simple moving average is $41.89 and its 200-day simple moving average is $39.51.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Monday, March 2nd. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. Sealed Air had a return on equity of 47.21% and a net margin of 9.43%.The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts anticipate that Sealed Air Corporation will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, March 13th. Sealed Air’s payout ratio is currently 23.32%.

Hedge Funds Weigh In On Sealed Air

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Sealed Air by 383.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 664 shares during the period. Johnson Financial Group Inc. bought a new position in shares of Sealed Air in the third quarter valued at approximately $27,000. Los Angeles Capital Management LLC acquired a new position in shares of Sealed Air during the fourth quarter valued at approximately $28,000. Quarry LP acquired a new position in shares of Sealed Air during the fourth quarter valued at approximately $30,000. Finally, Bayforest Capital Ltd bought a new stake in Sealed Air during the fourth quarter worth approximately $36,000. Institutional investors own 94.40% of the company’s stock.

Sealed Air Company Profile

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.