Taking the lead: Sealed Air Corporation (SEE)

Sealed Air Corporation (NYSE: SEE) stock fell -0.04% on Friday to $56.43 against a previous-day closing price of $56.45. With 1.38 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.92 million shares. During the session, the Packaging & Containers company that operates in wider Consumer Cyclical sector, reached to the highest price of $58.26 whereas the lowest price it dropped to was $56.19. The 52-week range on SEE shows that it touched its highest point at $70.72 and its lowest point at $54.51 during that stretch. It currently has a 1-year price target of $71.23. With its current market cap of 8.14 billion, SEE has annualized dividend of $0.80 while the current yield stands at 1.42%. Beta for the stock currently stands at 1.16.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SEE was down-trending over the past week, with a drop of -7.31%, but this was down by -3.42% over a month. Three-month performance dropped to -17.60% while six-month performance fell -17.33%. The stock lost -2.67% in the past year, while it has lost -16.36% so far this year. A look at the trailing 12-month EPS for SEE yields 3.55 with Next year EPS estimates of 4.50. For the next quarter, that number is 0.97. This implies an EPS growth rate of 3.90% for this year and 9.38% for next year. EPS is expected to grow by 9.93% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.90%.

Float and Shares Shorts:

At present, 147.60 million SEE shares are outstanding with a float of 145.32 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.85 million, which was 1.27% higher than short shares on Jun 14, 2022. In addition to Mr. Edward L. Doheny II as the firm’s CEO, Pres & Director, Mr. Christopher J. Stephens Jr. serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 100.20% of SEE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 55.79% of SEE, in contrast to 5.11% held by mutual funds. Shares owned by individuals account for 37.63%. As the largest shareholder in SEE with 10.95% of the stake, T. Rowe Price Associates, Inc. holds 15,990,389 shares worth 15,990,389. A second-largest stockholder of SEE, The Vanguard Group, Inc., holds 15,978,337 shares, controlling over 10.94% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in SEE, holding 7,853,387 shares or 5.38% stake. With a 3.65% stake in SEE, the T Rowe Price Mid Cap Growth Fund is the largest stakeholder. A total of 5,329,700 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.95% of SEE stock, is the second-largest Mutual Fund holder. It holds 4,311,383 shares valued at 248.85 million. Vanguard Small Cap Index Fund holds 2.53% of the stake in SEE, owning 3,691,957 shares worth 213.1 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SEE since 18 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SEE analysts setting a high price target of $76.00 and a low target of $62.00, the average target price over the next 12 months is $68.79. Based on these targets, SEE could surge 34.68% to reach the target high and rise by 9.87% to reach the target low. Reaching the average price target will result in a growth of 21.9% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SEE will report FY 2022 earnings on 02/09/2023. Analysts have provided yearly estimates in a range of $4.20 being high and $4.05 being low. For SEE, this leads to a yearly average estimate of $4.14. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Sealed Air Corporation surprised analysts by $0.05 when it reported $1.01 EPS against a consensus estimate of $0.96. The surprise factor in the prior quarter was $0.19. Based on analyst estimates, the high estimate for the next quarter is $0.99 and the low estimate is $0.81. The average estimate for the next quarter is thus $0.93.

Summary of Insider Activity:

Insiders traded SEE stock several times over the past three months with 5 Buys and 3 Sells. In these transactions, 11,257 shares were bought while 1,004 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 31 over the past year. The total number of shares bought during that period was 270,205 while 143,222 shares were sold.

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