Sealed Air Corporation (NYSE:SEE) finished Friday with an addition of $0.14 to close at $59.36, an upside of 0.24 percent. An average of 610,720 shares of common stock have been traded in the last five days. There was a gain of $1.86 in the past week, and it reached a new high 40 times over the past 12 months. The last 20 days have seen an average of 1,006,530 shares traded, while the 50-day average volume stands at 823,120.
SEE stock has increased by 3.90% in the last month. The company shares reached their 1-month lowest point of $54.51 on 10/01/21. With the stock rallying to its 52-week high on 09/01/21, shares of the company touched a low of $39.18 and a high of $62.04 in 52 weeks. It has reached a new high 28 times so far this year and achieved 29.64% or $13.57 in price. In spite of this, the price is down -4.32% from the 52-week high.
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348 days have passed since Sealed Air Corporation (SEE) last reported insider trading activity. Chammas Emile Z., who is Senior Vice President, most recently acquired $30,000 shares at $43.16 per share on Nov 09. In this transaction, the insider spent $1,294,800. Senior Vice President, Deily Karl R, disposed of 9,250 shares at a price of $40.14 on Nov 02. The insider now owns more than $371,295 worth of shares.
Sealed Air Corporation (SEE) has a trailing price-to-earnings (P/E) ratio of 19.06, which compares with the 18.20 for the broader industry and 32.04 for the sector. In the last five years, Sealed Air Corporation’s PE ratio has ranged between 36.27 and 8.030. The stock’s beta is 1.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.69, the price-to-book (PB) ratio at 95.74, and the price-to-cash flow ratio at 20.71.
Sealed Air Corporation pays a $0.80 dividend per share annually. It offers a dividend yield of 1.35%. The company has a payout ratio of 21.20%. The company’s most recent quarterly dividend payment was $0.20 a share, without any change from last year. Its dividend has been increased for the last 1 year with the latest increase dividend $0.04 reported on Tuesday May 18 2021.
The quick ratio of Sealed Air Corporation for the three months ended June 29 was 0.80, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 39.57 and a total debt to equity ratio of 39.82 for the quarter ending June 29. Sealed Air Corporation’s EBITDA margin for the year ending June 29 is 20.26%, while its operating margin for the same period stands at 15.70%. Its gross profit as reported stood at $1.61 billion compared to revenue of $4.9 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sealed Air Corporation’s return on assets was 8.30%. For the broader industry, ROE averaged 12.51 over the past year.
For the three-month period that ended June 29, Sealed Air Corporation had $3.71 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $108.1 million in the quarter, while revenues were grew 7.4%. The analyst consensus anticipated Sealed Air Corporation’s latest quarter earnings to come in at $0.78 per share, but it turned out to be $0.79, a 1.30% surprise. For the quarter, EBITDA amounted to $242.6 million. Shareholders own equity worth $149.89 million.
From a technical analysis perspective, let’s take a brief look at Sealed Air Corporation (SEE) price momentum. RSI 9-day as of the close on 22 October was 70.50%, suggesting the stock is Overbought, with historical volatility in this time frame at 16.18%.
As of today, SEE’s price is $58.59 +3.23% or $1.86 from its 5-day moving average. SEE is currently trading +3.60% higher than its 20-day SMA and +3.34% higher than its 100-day SMA. However, the stock’s current price level is -1.59% below the SMA50 and +25.71% above the SMA200.
The stochastic %K and %D were 93.45% and 92.23%, respectively, and the average true range (ATR) was 1.07. With the 14-day stochastic at 81.04% and the average true range at 1.08, the RSI (14) stands at 62.96%. The stock has reached 1.44 on the 9-day MACD Oscillator while the 14-day reading was at 1.68.
Mizuho launched coverage on Sealed Air Corporation (NYSE: SEE) in its analyst report released on October 13, 2021. The firm assigned the stock a a Neutral rating. The consensus rating for Sealed Air Corporation (SEE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SEE, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.
What is SEE’s price target for the next 12 months?
Analysts predict a range of price targets between $56.00 and $72.00, with a median target of $68.50. Taking a look at these predictions, the average price target given by analysts for Sealed Air Corporation (SEE) stock is $66.57.