Sealed Air Corp (NYSE:SEE) Given Average Recommendation of Hold by Brokerages – Mitchell Messenger

Posted: October 31, 2019 at 5:45 pm

Sealed Air Corp (NYSE:SEE) has been given an average recommendation of Hold by the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $43.70.

A number of equities analysts recently weighed in on the stock. Citigroup reduced their target price on shares of Sealed Air from $45.00 to $42.00 and set a neutral rating for the company in a research note on Thursday, October 17th. Wells Fargo & Co upped their target price on shares of Sealed Air from $42.00 to $43.00 and gave the stock a market perform rating in a research note on Tuesday, August 6th. KeyCorp restated a sell rating and set a $39.00 price objective on shares of Sealed Air in a research note on Friday, August 2nd. Finally, ValuEngine downgraded shares of Sealed Air from a sell rating to a strong sell rating in a research note on Thursday, October 10th.

NYSE SEE traded down $0.38 on Thursday, reaching $41.31. The company had a trading volume of 63,752 shares, compared to its average volume of 722,588. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. Sealed Air has a 1-year low of $30.47 and a 1-year high of $47.13. The companys fifty day moving average is $40.88 and its 200-day moving average is $42.86.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.55%. Sealed Airs dividend payout ratio is 25.60%.

Several institutional investors have recently bought and sold shares of SEE. Motco acquired a new position in shares of Sealed Air during the 2nd quarter worth about $29,000. Doyle Wealth Management bought a new stake in shares of Sealed Air in the 2nd quarter valued at about $40,000. CSat Investment Advisory L.P. raised 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 purchasing an additional 314 shares during the period. Massey Quick Simon & CO. LLC bought a new stake in shares of Sealed Air in the 3rd quarter valued at about $96,000. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Sealed Air by 51.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 2,894 shares of the industrial products companys stock valued at $124,000 after purchasing an additional 983 shares during the period. Institutional investors own 96.58% of the companys stock.

Sealed Air Company Profile

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.

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Sealed Air Corp (NYSE:SEE) Given Average Recommendation of Hold by Brokerages - Mitchell Messenger

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