BMO Capital Markets reissued their hold rating on shares of Sealed Air Corporation (NYSE:SEE) in a report published on Sunday. The firm currently has a $47.00 target price on the industrial products company’s stock.
Several other equities analysts have also weighed in on the stock. Bank of America Corporation lowered shares of Sealed Air Corporation from a buy rating to a neutral rating and set a $43.00 price objective on the stock. in a research report on Tuesday, May 9th. TheStreet lowered shares of Sealed Air Corporation from a b rating to a c+ rating in a research report on Tuesday, May 9th. Zacks Investment Research lowered shares of Sealed Air Corporation from a buy rating to a hold rating in a research report on Wednesday, July 19th. Credit Suisse Group set a $50.00 price objective on shares of Sealed Air Corporation and gave the company a buy rating in a research report on Thursday, May 11th. Finally, Jefferies Group LLC dropped their price objective on shares of Sealed Air Corporation from $45.00 to $40.00 and set a hold rating on the stock in a research report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $49.27.
Shares of Sealed Air Corporation (NYSE SEE) traded down 0.13% during mid-day trading on Friday, reaching $44.76. The company had a trading volume of 25,464 shares. Sealed Air Corporation has a 52-week low of $41.74 and a 52-week high of $50.62. The stock has a market capitalization of $8.51 billion, a P/E ratio of 23.13 and a beta of 1.16. The company’s 50-day moving average is $44.93 and its 200 day moving average is $44.89.
Sealed Air Corporation (NYSE:SEE) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. Analysts anticipate that Sealed Air Corporation will post $1.82 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, August 30th. Sealed Air Corporation’s dividend payout ratio is 33.16%.
A number of institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in Sealed Air Corporation by 1.0% in the first quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company’s stock worth $107,000 after buying an additional 25 shares in the last quarter. TrimTabs Asset Management LLC acquired a new position in Sealed Air Corporation during the first quarter worth approximately $109,000. Fiduciary Trust Co. acquired a new position in Sealed Air Corporation during the second quarter worth approximately $124,000. Global X Management Co. LLC raised its position in Sealed Air Corporation by 30.4% in the first quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock worth $129,000 after buying an additional 687 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in Sealed Air Corporation by 3.0% in the first quarter. Pacer Advisors Inc. now owns 3,979 shares of the industrial products company’s stock worth $173,000 after buying an additional 116 shares in the last quarter. 92.16% of the stock is currently owned by institutional investors and hedge funds.
Sealed Air Corporation 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 a range of integrated system solutions.
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