The stock of Sealed Air Corporation (NYSE:SEE) last traded at $52.47, up 4.86% from the previous session.
Data from the available sources indicates that Sealed Air Corporation (NYSE:SEE) is covered by 18 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $73.00 and a low of $43.00, we find $58.50. Given the previous closing price of $50.04, this indicates a potential upside of 16.91 percent. SEE stock price is now 5.43% away from the 50-day moving average and -6.26% away from the 200-day moving average. The market capitalization of the company currently stands at $7.24B.
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In total, 10 analysts have assigned it a hold rating, and 7 have given it a buy rating. Brokers who have rated the stock have averaged $58.36 as their price target over the next twelve months.
With the price target maintained at $59, Truist recently Downgraded its rating from Buy to Hold for Sealed Air Corporation (NYSE: SEE). On January 04, 2023, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $51, while ‘JP Morgan’ rates the stock as ‘Neutral’.
In other news, Whitaker Jerry R., Director bought 500 shares of the company’s stock on Nov 04. The stock was bought for $21,780 at an average price of $43.56. Upon completion of the transaction, the Director now directly owns 10,521 shares in the company, valued at $0.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 03, Director Ahmad Zubaid bought 1,200 shares of the business’s stock. A total of $50,544 was incurred on buying the stock at an average price of $42.12. This leaves the insider owning 1,200 shares of the company worth $62964.0. Insiders disposed of 151,864 shares of company stock worth roughly $7.97 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SEE stock. A new stake in Sealed Air Corporation shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $564,385,000. SCHONFELD STRATEGIC ADVISORS LLC invested $8,712,000 in shares of SEE during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in Sealed Air Corporation valued at approximately $8,387,000. JACOBS LEVY EQUITY MANAGEMENT, INC acquired a new stake in SEE for approximately $8,360,000. ONE FIN CAPITAL MANAGEMENT LP purchased a new stake in SEE valued at around $6,559,000 in the second quarter. In total, there are 751 active investors with 93.90% ownership of the company’s stock.
With an opening price of $50.74 on Friday morning, Sealed Air Corporation (NYSE: SEE) set off the trading day. During the past 12 months, Sealed Air Corporation has had a low of $41.24 and a high of $70.72. As of last week, the company has a debt-to-equity ratio of 16.68, a current ratio of 1.10, and a quick ratio of 0.60. The fifty day moving average price for SEE is $49.86 and a two-hundred day moving average price translates $55.90 for the stock.
The latest earnings results from Sealed Air Corporation (NYSE: SEE) was released for Jun, 2022. According to the Packaging & Containers Company, earnings per share came in at $1.01, beating analysts’ expectations of $0.97 by 0.04. This compares to $0.00 EPS in the same period last year. The net profit margin was 10.00% and return on equity was 269.90% for SEE. The company reported revenue of $1.4 billion for the quarter, compared to $1.41 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.45 percent. For the current quarter, analysts expect SEE to generate $1.45B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/16/2022. Investors who held shares on 12/02/2022 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 1.52% percent yield. There was an ex-dividend date of 12/01/2022 for this dividend. In terms of dividend payout ratio, SEE is presently at 20.30%.
Sealed Air Corporation(SEE) Company Profile
Sealed Air Corporation provides food safety and security, and product protection solutions and equipment in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and 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, and dairy markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, Simple Steps, and Optidure brands. This segment sells its solutions directly to customers through its sales, marketing, and customer service personnel. The Protective segment provides foam, inflatable, suspension and retention, temperature assurance packaging solutions to protect goods to e-commerce, consumer goods, pharmaceutical and medical devices, and industrial manufacturing markets under the SEALED AIR, BUBBLE WRAP, AUTOBAG, SEALED AIR, AUTOBAG, Instapak, Korrvu, Kevothermal, and TempGuard brands. This segment sells its solutions through supply distributors, as well as directly to fabricators, original equipment manufacturers, contract manufacturers, logistics partners, and e-commerce/fulfillment operations. Sealed Air Corporation was incorporated in 1960 and is headquartered in Charlotte, North Carolina.
