In yesterday’s Wall Street session, Sealed Air Corporation (NYSE:SEE) shares traded at $44.86, down -1.67% from the previous session.
15 analysts cover Sealed Air Corporation (NYSE:SEE), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $61.00 and a low of $42.00, we find $49.00. Given the previous closing price of $45.62, this indicates a potential upside of 7.41 percent. SEE stock price is now 8.14% away from the 50-day moving average and -4.10% away from the 200-day moving average. The market capitalization of the company currently stands at $6.51B.
The stock has received a hold rating from 6 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $50.45 as their price target over the next twelve months.
With the price target maintained at $49, Robert W. Baird recently Upgraded its rating from Neutral to Outperform for Sealed Air Corporation (NYSE: SEE).
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 $0.47 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 $53832.0. Insiders disposed of 328,043 shares of company stock worth roughly $14.72 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 MARATHON ASSET MANAGEMENT LTD during the first quarter worth $22,170,000. VULCAN VALUE PARTNERS, LLC invested $21,246,000 in shares of SEE during the first quarter. In the first quarter, WOODLINE PARTNERS LP acquired a new stake in Sealed Air Corporation valued at approximately $13,290,000. JANE STREET GROUP, LLC acquired a new stake in SEE for approximately $7,054,000. TWINBEECH CAPITAL LP purchased a new stake in SEE valued at around $5,038,000 in the second quarter. In total, there are 715 active investors with 93.90% ownership of the company’s stock.
On Tuesday morning Sealed Air Corporation (NYSE: SEE) stock kicked off with the opening price of $45.32. During the past 12 months, Sealed Air Corporation has had a low of $37.34 and a high of $62.14. As of last week, the company has a debt-to-equity ratio of 13.94, a current ratio of 1.20, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $11.09B, which is based on a 16.24 price-to-earnings ratio, a 10.15 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for SEE is $41.54 and a two-hundred day moving average price translates $46.78 for the stock.
The latest earnings results from Sealed Air Corporation (NYSE: SEE) was released for Mar, 2023. According to the Packaging & Containers Company, earnings per share came in at $0.74, missing analysts’ expectations of $0.77 by -0.03. This compares to $0.00 EPS in the same period last year. The net profit margin was 7.30% and return on equity was 145.90% for SEE. The company reported revenue of $1.35 billion for the quarter, compared to $1.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.85 percent. For the current quarter, analysts expect SEE to generate $1.41B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/23/2023. Investors who held shares on 06/09/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 1.78% percent yield. There was an ex-dividend date of 06/08/2023 for this dividend. In terms of dividend payout ratio, SEE is presently at 28.70%.
Sealed Air Corporation(SEE) Company Profile
Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and NewZealand. 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.
