Currently, there are 145.69M common shares owned by the public and among those 143.06M shares have been available to trade.
The company’s stock has a 5-day price change of -5.18% and -4.13% over the past three months. SEE shares are trading -7.72% year to date (YTD), with the 12-month market performance down to -7.87% lower. It has a 12-month low price of $30.87 and touched a high of $41.14 over the same period. SEE has an average intraday trading volume of 1.33 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.89%, -5.20%, and -4.12% respectively.
Institutional ownership of Sealed Air Corp (NYSE: SEE) shares accounts for 93.60% of the company’s 145.69M shares outstanding.
It has a market capitalization of $4.91B and a beta (3y monthly) value of 1.35. The stock’s trailing 12-month PE ratio is 12.42, while the earnings-per-share (ttm) stands at $2.71. The company has a PEG of 2.65 and a Quick Ratio of 0.79 with the debt-to-equity ratio at 6.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.54% over the week and 2.28% over the month.
Earnings per share for the fiscal year are expected to decrease by -3.51%, and 2.79% over the next financial year. EPS should shrink at an annualized rate of 4.68% over the next five years, compared to 20.22% over the past 5-year period.
Looking at the support for the SEE, a number of firms have released research notes about the stock. Raymond James stated their Strong Buy rating for the stock in a research note on October 17, 2024, with the firm’s price target at $42. Morgan Stanley coverage for the Sealed Air Corp (SEE) stock in a research note released on September 04, 2024 offered a Equal-Weight rating with a price target of $39. Jefferies was of a view on August 09, 2024 that the stock is Hold, while RBC Capital Mkts gave the stock Sector Perform rating on July 19, 2024, issuing a price target of $43- $40. Stifel on their part issued Buy rating on July 09, 2024.
