During the last session, Sealed Air Corporation (NYSE:SEE)’s traded shares were 0.5 million, with the beta value of the company hitting 1.27. At the end of the trading day, the stock’s price was $61.22, reflecting an intraday loss of -0.81% or -$0.5. The 52-week high for the SEE share is $62.04, that puts it down -1.34 from that peak though still a striking 40.75% gain since the share price plummeted to a 52-week low of $36.27. The company’s market capitalization is $9.12B, and the average intraday trading volume over the past 10 days was 0.71 million shares, and the average trade volume was 1.04 million shares over the past three months.
Sealed Air Corporation (SEE) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.10. SEE has a Sell rating from 0 analyst(s) out of 15 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.78.
Sealed Air Corporation (NYSE:SEE) trade information
Sealed Air Corporation (SEE) registered a -0.81% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.81% in intraday trading to $61.22 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 0.25%, and it has moved by 5.35% in 30 days. Based on these gigs, the overall price performance for the year is 53.90%. The short interest in Sealed Air Corporation (NYSE:SEE) is 2.36 million shares and it means that shorts have 1.83 day(s) to cover.
The consensus price target of analysts on Wall Street is $66.50, which implies an increase of 7.94% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $56.00 and $72.00 respectively. As a result, SEE is trading at a discount of -17.61% off the target high and 8.53% off the low.
Sealed Air Corporation (SEE) estimates and forecasts
Statistics show that Sealed Air Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Sealed Air Corporation (SEE) shares have gone up 34.22% during the last six months, with a year-to-date growth rate less than the industry average at 11.29% against 16.00. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 2.60% this quarter and then jump 1.20% in the quarter after that. In the rating firms’ projections, revenue will increase 11.40% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.33 billion as predicted by 11 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to $1.38 billion by the end of Sep 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 32.60%. While earnings are projected to return 102.00% in 2021, the next five years will return 9.60% per annum.
Sealed Air Corporation is due to release its next quarterly earnings between October 26 and November 01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Sealed Air Corporation is 0.80, with the dividend yield indicating at 1.31 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.53%.
Sealed Air Corporation (NYSE:SEE)’s Major holders
Sealed Air Corporation insiders own 0.61% of total outstanding shares while institutional holders control 93.22%, with the float percentage being 93.79%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 652 institutions own stock in it. As of Mar 30, 2021, the company held over 17.42 million shares (or 11.46% of all shares), a total value of $798.4 million in shares.
The next largest institutional holding, with 16.71 million shares, is of Price (T.Rowe) Associates Inc’s that is approximately 10.99% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $765.58 million.
Also, the Mutual Funds coming in first place with the largest holdings of Sealed Air Corporation (SEE) shares are Janus Henderson Enterprise Fund and Price (T.Rowe) Mid Cap Growth Fund. Data provided on Mar 30, 2021 indicates that Janus Henderson Enterprise Fund owns about 6.54 million shares. This amounts to just over 4.30 percent of the company’s overall shares, with a $299.78 million market value. The same data shows that the other fund manager holds slightly less at 5.5 million, or about 3.62% of the stock, which is worth about $252.01 million.