The price of Sealed Air Corp. (NYSE:SEE) shares last traded on Wall Street rose 1.78% to $30.81.
Based on available information, 15 analysts follow Sealed Air Corp. (NYSE:SEE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $51.00 and a low of $34.00, we find $40.00. Given the previous closing price of $30.27, this indicates a potential upside of 32.14 percent. SEE stock price is now -6.69% away from the 50-day moving average and -27.19% away from the 200-day moving average. The market capitalization of the company currently stands at $4.45B.
Among analysts, 7 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $41.82 as their price target over the next twelve months.
In other news, Doheny Edward L II, President and CEO bought 10,000 shares of the company’s stock on Sep 08. The stock was bought for $338,500 at an average price of $33.85. Upon completion of the transaction, the President and CEO now directly owns 658,360 shares in the company, valued at $20.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 04, Director Whitaker Jerry R. bought 500 shares of the business’s stock. A total of $21,780 was incurred on buying the stock at an average price of $43.56. This leaves the insider owning 10,521 shares of the company worth $0.32 million. Insiders disposed of 312,420 shares of company stock worth roughly $9.63 million over the past 1 year. A total of 0.90% 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 Corp. shares was purchased by TWEEDY, BROWNE CO LLC during the first quarter worth $16,801,000. MAPLE ROCK CAPITAL PARTNERS INC. invested $11,862,000 in shares of SEE during the first quarter. In the first quarter, FIRST EAGLE INVESTMENT MANAGEMENT, LLC acquired a new stake in Sealed Air Corp. valued at approximately $5,313,000. NFJ INVESTMENT GROUP, LLC acquired a new stake in SEE for approximately $3,175,000. ILMARINEN MUTUAL PENSION INSURANCE CO purchased a new stake in SEE valued at around $2,311,000 in the second quarter. In total, there are 715 active investors with 91.91% ownership of the company’s stock.
A candlestick chart of Sealed Air Corp. (NYSE: SEE) showed a price of $30.16 on Wednesday morning. During the past 12 months, Sealed Air Corp. has had a low of $28.50 and a high of $56.43. As of last week, the company has a debt-to-equity ratio of 12.28, a current ratio of 1.20, and a quick ratio of 0.69. According to the stock market information, the enterprise value for the company is $9.25B, which is based on a 11.69 price-to-earnings ratio, a 1.28 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for SEE is $32.90 and a two-hundred day moving average price translates $42.21 for the stock.
The latest earnings results from Sealed Air Corp. (NYSE: SEE) was released for Jun, 2023. According to the Packaging & Containers Company, earnings per share came in at $0.8, beating analysts’ expectations of $0.67 by 0.13. This compares to $0.00 EPS in the same period last year. The net profit margin was 6.94% and return on equity was 125.50% for SEE. The company reported revenue of $1.38 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 -2.62 percent. For the current quarter, analysts expect SEE to generate $1.37B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2023. Investors who held shares on 12/01/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.69 dividend and a 2.26% percent yield. There was an ex-dividend date of 11/30/2023 for this dividend. In terms of dividend payout ratio, SEE is presently at 24.00%.
Sealed Air Corp.(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.
