Sealed Air Corp (NYSE:SEE) Receives Average Recommendation of Hold from Brokerages – Riverton Roll

Sealed Air Corp (NYSE:SEE) has been assigned an average rating of Hold from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $44.61.

Several research firms recently issued reports on SEE. Robert W. Baird reaffirmed a buy rating and set a $50.00 price target on shares of Sealed Air in a research note on Monday, November 18th. ValuEngine downgraded shares of Sealed Air from a sell rating to a strong sell rating in a research note on Thursday. KeyCorp raised shares of Sealed Air from an underweight rating to a sector weight rating in a research note on Wednesday, November 6th. They noted that the move was a valuation call. Wells Fargo & Co reaffirmed a hold rating on shares of Sealed Air in a research note on Monday. Finally, Citigroup dropped their price target on shares of Sealed Air from $45.00 to $42.00 and set a neutral rating on the stock in a research note on Thursday, October 17th.

In related news, CFO James M. Sullivan acquired 5,000 shares of the firms stock in a transaction on Thursday, November 7th. The stock was bought at an average cost of $38.75 per share, with a total value of $193,750.00. Following the acquisition, the chief financial officer now directly owns 17,028 shares in the company, valued at $659,835. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Motco acquired a new position in shares of Sealed Air in the 2nd quarter valued at about $29,000. Doyle Wealth Management acquired a new position in shares of Sealed Air in the 2nd quarter valued at about $40,000. CSat Investment Advisory L.P. boosted its holdings in shares of Sealed Air by 34.1% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,234 shares of the industrial products companys stock valued at $53,000 after buying an additional 314 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Sealed Air by 556.0% in the 3rd quarter. Penserra Capital Management LLC now owns 1,804 shares of the industrial products companys stock valued at $74,000 after buying an additional 1,529 shares during the period. Finally, Massey Quick Simon & CO. LLC acquired a new position in shares of Sealed Air in the 3rd quarter valued at about $96,000. 94.07% of the stock is owned by institutional investors.

Sealed Air stock traded down $0.16 during midday trading on Friday, hitting $38.54. 30,675 shares of the stock were exchanged, compared to its average volume of 972,233. Sealed Air has a 1 year low of $32.33 and a 1 year high of $47.13. The firm has a market cap of $5.99 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.41 and a beta of 1.00. The company has a 50 day moving average price of $39.18 and a two-hundred day moving average price of $41.51.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters consensus estimate of $0.62 by $0.02. Sealed Air had a net margin of 7.55% and a negative return on equity of 135.60%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. The firms quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Sealed Air will post 2.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.66%. The ex-dividend date is Thursday, December 5th. Sealed Airs dividend payout ratio is currently 25.60%.

About Sealed Air

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.