Sealed Air Corp. (NYSE:SEE)‘s stock had its “buy” rating reiterated by analysts at Citigroup Inc. in a research report issued to clients and investors on Monday. They currently have a $55.00 target price on the stock. Citigroup Inc.’s price objective points to a potential upside of 24.41% from the stock’s current price.
Several other research firms have also recently weighed in on SEE. Zacks Investment Research cut Sealed Air Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 4th. BMO Capital Markets reaffirmed a “hold” rating and issued a $50.00 price target on shares of Sealed Air Corp. in a report on Friday, July 29th. Jefferies Group lowered their price target on Sealed Air Corp. from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Friday, July 29th. JPMorgan Chase & Co. initiated coverage on Sealed Air Corp. in a report on Tuesday, September 13th. They issued a “neutral” rating and a $53.00 price target on the stock. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $59.00 price target on shares of Sealed Air Corp. in a report on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Sealed Air Corp. currently has a consensus rating of “Buy” and an average price target of $53.33.
Sealed Air Corp. (NYSE:SEE) opened at 44.21 on Monday. Sealed Air Corp. has a 12-month low of $38.02 and a 12-month high of $52.83. The firm’s 50 day moving average price is $45.88 and its 200-day moving average price is $47.18. The company has a market capitalization of $8.70 billion, a PE ratio of 25.21 and a beta of 1.22.
Sealed Air Corp. (NYSE:SEE) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. Sealed Air Corp. had a return on equity of 98.51% and a net margin of 5.16%. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the firm posted $0.60 EPS. The company’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Sealed Air Corp. will post $2.59 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be issued a dividend of $0.16 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.64 annualized dividend and a yield of 1.45%. Sealed Air Corp.’s payout ratio is currently 36.57%.
A number of hedge funds have recently made changes to their positions in the stock. Checchi Capital Advisers LLC boosted its stake in shares of Sealed Air Corp. by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 2,335 shares of the company’s stock valued at $107,000 after buying an additional 21 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Sealed Air Corp. by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,520 shares of the company’s stock valued at $346,000 after buying an additional 29 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Sealed Air Corp. by 0.4% in the second quarter. Capstone Asset Management Co. now owns 17,234 shares of the company’s stock valued at $792,000 after buying an additional 67 shares during the period. MUFG Americas Holdings Corp boosted its stake in shares of Sealed Air Corp. by 1.1% in the second quarter. MUFG Americas Holdings Corp now owns 6,814 shares of the company’s stock valued at $313,000 after buying an additional 73 shares during the period. Finally, IBM Retirement Fund boosted its stake in shares of Sealed Air Corp. by 0.3% in the second quarter. IBM Retirement Fund now owns 23,279 shares of the company’s stock valued at $1,117,000 after buying an additional 76 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.
Sealed Air Corp. Company Profile
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing processors, retailers and food service operators a range of integrated system solutions.
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