Shares of Sealed Air Corp (NYSE:SEE) have received an average rating of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $44.50.

A number of research firms have recently issued reports on SEE. ValuEngine downgraded shares of Sealed Air from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Barclays reduced their price target on shares of Sealed Air from $50.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, October 22nd. Bank of America downgraded shares of Sealed Air from a “buy” rating to a “neutral” rating and set a $40.00 price target on the stock. in a research note on Thursday, October 18th. Robert W. Baird reduced their price target on shares of Sealed Air from $55.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, October 18th. Finally, UBS Group set a $47.00 price target on shares of Sealed Air and gave the company a “buy” rating in a research note on Thursday, October 18th.

SEE stock traded down $0.68 during trading on Monday, reaching $34.13. 534,825 shares of the stock were exchanged, compared to its average volume of 2,134,766. Sealed Air has a 1 year low of $30.22 and a 1 year high of $49.94. The company has a market capitalization of $5.46 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.23 and a beta of 1.25.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. Sealed Air had a negative net margin of 0.87% and a negative return on equity of 150.20%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. As a group, analysts anticipate that Sealed Air will post 2.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, December 6th. Sealed Air’s dividend payout ratio (DPR) is currently 35.36%.

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Sealed Air by 3.2% in the third quarter. Vanguard Group Inc. now owns 18,025,501 shares of the industrial products company’s stock valued at $723,724,000 after purchasing an additional 558,305 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Sealed Air by 9.4% in the third quarter. Wells Fargo & Company MN now owns 7,038,909 shares of the industrial products company’s stock valued at $282,613,000 after purchasing an additional 606,062 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Sealed Air by 26.4% in the third quarter. Bank of New York Mellon Corp now owns 3,068,358 shares of the industrial products company’s stock valued at $123,195,000 after purchasing an additional 640,351 shares in the last quarter. Holowesko Partners Ltd. grew its holdings in shares of Sealed Air by 9.2% in the third quarter. Holowesko Partners Ltd. now owns 2,792,300 shares of the industrial products company’s stock valued at $112,111,000 after purchasing an additional 235,300 shares in the last quarter. Finally, Manning & Napier Group LLC grew its holdings in shares of Sealed Air by 2.4% in the third quarter. Manning & Napier Group LLC now owns 2,555,495 shares of the industrial products company’s stock valued at $102,602,000 after purchasing an additional 59,445 shares in the last quarter. Hedge funds and other institutional investors own 94.62% of the company’s stock.

Sealed Air Company Profile

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the 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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