Sealed Air Corporation (NYSE: SEE) stock jumped 3.06% on Thursday to $35.41 against a previous-day closing price of $34.36. With 2.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.9 million shares. During the session, the Packaging & Containers company that operates in wider Consumer Cyclical sector, reached to the highest price of $35.49 whereas the lowest price it dropped to was $34.90. The 52-week range on SEE shows that it touched its highest point at $56.43 and its lowest point at $33.45 during that stretch. It currently has a 1-year price target of $47.17. With its current market cap of 5.06 billion, SEE has annualized dividend of $0.80 while the current yield stands at 2.26%. Beta for the stock currently stands at 1.31.
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 up-trending over the past week, with a rise of 5.36%, but this was down by -3.12% over a month. Three-month performance dropped to -9.51% while six-month performance fell -20.91%. The stock lost -32.13% in the past year, while it has lost -29.01% so far this year. A look at the trailing 12-month EPS for SEE yields 2.63 with Next year EPS estimates of 3.27. For the next quarter, that number is 0.64. This implies an EPS growth rate of 3.40% for this year and 13.38% for next year. EPS is expected to grow by 1.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 44.80%.
Float and Shares Shorts:
At present, 144.50 million SEE shares are outstanding with a float of 143.38 million shares on hand for trading. On Aug 30, 2023, short shares totaled 3.94 million, which was 2.72% higher than short shares on Jul 30, 2023. In addition to Mr. Edward L. Doheny II as the firm’s CEO, Pres & Director, Mr. Emile Z. Chammas serves as its Sr. VP & COO.
Through their ownership of 91.64% of SEE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.72% of SEE, in contrast to 5.43% held by mutual funds. Shares owned by individuals account for 35.87%. As the largest shareholder in SEE with 11.28% of the stake, The Vanguard Group, Inc. holds 16,282,763 shares worth 16,282,763. A second-largest stockholder of SEE, T. Rowe Price Investment Manageme, holds 10,767,970 shares, controlling over 7.46% of the firm’s shares. BlackRock Advisors LLC is the third largest shareholder in SEE, holding 9,845,635 shares or 6.82% stake. With a 4.52% stake in SEE, the BlackRock Equity Dividend Fund is the largest stakeholder. A total of 6,527,155 shares are owned by the mutual fund manager. The T Rowe Price Mid Cap Growth Fund, which owns about 3.67% of SEE stock, is the second-largest Mutual Fund holder. It holds 5,303,800 shares valued at 241.96 million. Vanguard Total Stock Market ETF holds 3.10% of the stake in SEE, owning 4,478,122 shares worth 204.29 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, SEE reported revenue of $1.42B and operating income of $230.20M. The EBITDA in the recently reported quarter was $209.00M and diluted EPS was $0.77.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SEE since 0 analysts follow the stock currently. 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 $57.00 and a low target of $38.00, the average target price over the next 12 months is $45.67. Based on these targets, SEE could surge 60.97% to reach the target high and rise by 7.31% to reach the target low. Reaching the average price target will result in a growth of 28.97% 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.
Summary of Insider Activity:
Insiders traded SEE stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 890 shares were sold. The number of buy transactions has increased to 33 while that of sell transactions has risen to 51 over the past year. The total number of shares bought during that period was 543,707 while 327,974 shares were sold.