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Tuesday, October 20, 2020

Is Now the Time to Invest in Sealed Air Corporation (NYSE:SEE)?

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Sealed Air Corporation (SEE) shares are trading at lower $41.97 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $43.75.

To add more color to this target, the company’s high over the last year is $43.37 and the low is $17.06. Over the last 52 weeks, SEE is up 3.10% while the S&P 500 is up 18.95%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SEE reported a profit of $389.9 million. Sealed Air Corporation also saw revenues increase to $1.15 billion. In addition, SEE has free cash flow of $129.4 million as of 06-2020. The company’s EBITDA came in at $228.8 million which compares well with its peers.

SEE booked profit margins of 8.20%, its Return on Equity (ROE) is -211.90%, and its Return on Assets is 7.00%. All told, it is clear that, SEE needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SEE has a short ratio of 2.78 and outstanding shares of 155.60M.

Company Outlook

SEE has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.25 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.51. Sealed Air Corporation SEE also noted assets of $5.76 billion at the end of the last quarter. Investors should also keep an eye on sector updates as SEE has historically followed its peers on positive news.

All told, Sealed Air Corporation SEE has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SEE represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Sealed Air Corporation SEE is now commanding a market cap of 6.56B and a float of 154.54M. SEE is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SEE stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SEE, either long or short, and we have not been compensated for this article.

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