Sealed Air (NYSE:SEE) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Sealed Air (NYSE:SEE) from a buy rating to a hold rating in a report published on Monday.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Wells Fargo & Company raised their target price on Sealed Air from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Truist Financial reduced their target price on Sealed Air from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Morgan Stanley assumed coverage on Sealed Air in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 target price on the stock. Finally, Raymond James raised Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Sealed Air Trading Up 1.8 %

Shares of NYSE:SEE opened at $37.30 on Monday. The company has a market capitalization of $5.43 billion, a P/E ratio of 13.47, a P/E/G ratio of 5.06 and a beta of 1.34. Sealed Air has a 1 year low of $30.87 and a 1 year high of $41.14. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The business’s 50 day simple moving average is $35.88 and its 200 day simple moving average is $35.76.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 earnings per share. On average, research analysts anticipate that Sealed Air will post 3.06 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.14%. The ex-dividend date is Friday, December 6th. Sealed Air’s dividend payout ratio is currently 29.41%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Quarry LP raised its position in shares of Sealed Air by 9.2% in the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 311 shares in the last quarter. Everence Capital Management Inc. raised its position in shares of Sealed Air by 2.8% in the 3rd quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock worth $506,000 after acquiring an additional 380 shares in the last quarter. United Services Automobile Association raised its position in shares of Sealed Air by 3.5% in the 2nd quarter. United Services Automobile Association now owns 11,533 shares of the industrial products company’s stock worth $401,000 after acquiring an additional 393 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Sealed Air by 3.4% in the 3rd quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company’s stock worth $509,000 after acquiring an additional 466 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC raised its position in shares of Sealed Air by 1.3% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 36,643 shares of the industrial products company’s stock worth $1,275,000 after acquiring an additional 467 shares in the last quarter. 94.40% of the stock is owned by institutional investors.

Sealed Air Company Profile

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.