SEE - Sealed Air Corporation

NYSE - NYSE Delayed Price. Currency in USD
42.40
+1.09 (+2.64%)
At close: 4:04PM EDT
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Previous Close41.31
Open41.55
Bid42.50 x 900
Ask42.51 x 2200
Day's Range41.40 - 42.81
52 Week Range30.22 - 47.13
Volume1,253,317
Avg. Volume1,322,709
Market Cap6.552B
Beta (3Y Monthly)1.08
PE Ratio (TTM)17.90
EPS (TTM)2.37
Earnings DateOct 30, 2019 - Nov 4, 2019
Forward Dividend & Yield0.64 (1.55%)
Ex-Dividend Date2019-09-05
1y Target Est47.07
Trade prices are not sourced from all markets
  • Why sustainability remains at forefront for Charlotte-based packaging giant Sealed Air
    American City Business Journals

    Why sustainability remains at forefront for Charlotte-based packaging giant Sealed Air

    Speaking at the seventh annual Morgan Stanley Laguna Conference for manufacturers, Sealed Air Corp. CEO Ted Doheny ran through what he called good progress on the company's three-year restructuring effort.

  • Moody's

    Sealed Air Corp. -- Moody's assigns Baa3 to Sealed Air's new term loan; CFR and outlook unchanged

    Moody's Investors Service ("Moody's") assigned a Baa3 rating to the $475 million incremental First Lien Senior Secured Term Loan of Sealed Air Corp. ("company"). The Ba2 Corporate Family Rating, Ba2-PD Probability of Default rating, all other instrument ratings, the SGL-2 rating, and the stable outlook for Sealed Air Corp. remain unchanged.

  • GlobeNewswire

    ONGOING INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Sealed Air Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Sealed Air Corporation (“Sealed Air” or “the Company”) (NYSE: SEE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Sealed Air announced after the market closed on June 20, 2019, that the Company had fired CFO Bill Stiehl.

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  • Business Wire

    Sealed Air Announces Upcoming Event with the Financial Community

    Sealed Air Corporation will participate in the following event with the financial community:

  • Is Sealed Air (SEE) a Great Stock for Value Investors Now?
    Zacks

    Is Sealed Air (SEE) a Great Stock for Value Investors Now?

    Let's see if Sealed Air Corporation (SEE) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

  • Sealed Air Bets on Innovation, Restructuring & Strong Demand
    Zacks

    Sealed Air Bets on Innovation, Restructuring & Strong Demand

    Sealed Air (SEE) is witnessing increased demand for essential and high-performing packaging solutions that extend shelf life, reduce waste and drive customer productivity.

  • UFP Technologies Rises 33% YTD: What's Driving the Rally?
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    UFP Technologies Rises 33% YTD: What's Driving the Rally?

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  • GlobeNewswire

    LEADING ROSEN LAW FIRM Continues to Investigate Securities Claims Against Sealed Air Corporation – SEE

    NEW YORK, Sept. 06, 2019 -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Sealed Air.

  • GlobeNewswire

    Glancy Prongay & Murray LLP Continues its Investigation on Behalf of Sealed Air Corporation Investors (SEE)

    Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSE: SEE) investors concerning the Company and its officers’ possible violations of federal securities laws. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. On June 20, 2019, after the market closed, the Company announced that it had terminated for cause its Chief Financial Officer, following an internal review by the Audit Committee.

  • RM LAW Announces Further Investigation of Sealed Air Corporation
    PR Newswire

    RM LAW Announces Further Investigation of Sealed Air Corporation

    BERWYN, Pa. , Sept. 4, 2019 /PRNewswire/ --  RM LAW, P.C.  announces an investigation on behalf of Sealed Air Corporation ("Sealed Air" or the "Company") (NYSE: SEE) investors concerning ...

  • GlobeNewswire

    INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation on Behalf of Sealed Air Corporation Investors (SEE)

    BENSALEM, Pa., Sept. 04, 2019 -- Law Offices of Howard G. Smith continues its investigation on behalf of Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSE: SEE).

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  • There's A Lot To Like About Sealed Air Corporation's (NYSE:SEE) Upcoming 0.4% Dividend
    Simply Wall St.

    There's A Lot To Like About Sealed Air Corporation's (NYSE:SEE) Upcoming 0.4% Dividend

    Readers hoping to buy Sealed Air Corporation (NYSE:SEE) for its dividend will need to make their move shortly, as the...

  • Sealed Air (SEE) Down 3.2% Since Last Earnings Report: Can It Rebound?
    Zacks

    Sealed Air (SEE) Down 3.2% Since Last Earnings Report: Can It Rebound?

    Sealed Air (SEE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • GlobeNewswire

    ONGOING INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Sealed Air Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Sealed Air Corporation (“Sealed Air” or “the Company”) (NYSE: SEE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Sealed Air announced after the market closed on June 20, 2019, that the Company had fired CFO Bill Stiehl.

  • PR Newswire

    Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Supply Chain Index

    DALLAS , Aug. 23, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® Energy Supply Chain Index (the "Index") ...

  • Don’t Seal Your Fate by Holding Sealed Air Stock
    InvestorPlace

    Don’t Seal Your Fate by Holding Sealed Air Stock

    Food and product packaging: there's nothing controversial about that, right? It seems perfectly safe to invest in this industry, and particularly in Sealed Air (NYSE:SEE) stock, which has traded in a rather boring range for three months now.Source: Shutterstock There's nothing boring, however, about this company lately as a government investigation has shaken some investors in Sealed Air stock out of their positions. Others, though, have held on in hopes of a favorable resolution to the company's legal snafu.Should you double down on SEE stock now, or cut and run?InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Bull Case for SEE StockWith a trailing 12-month P/E ratio of 17.6 and an annual dividend yield sitting at around 1.5%, SEE stock isn't flashy or sensational, but the numbers seem to indicate a reasonable valuation and a decent buy-and-hold. Besides, there will always be a need for food packaging, even if a recession hits. * 7 Retail Stocks to Buy on the Dip If you don't know the whole story about this company, then you could actually build a fairly compelling case to go long on Sealed Air stock. If you were to cite the company's earnings results delivered on Aug. 2, you might even be tempted to rush out and grab shares of SEE stock with both hands.I won't dispute that the numbers were good: for the second quarter of 2019, the adjusted EPS of 80 cents marked a year-over-year increase of 25%, and reported revenues of $1.161 billion during the quarter signified an improvement over $1.155 billion generated in the quarter of the previous year.Moreover, in terms of Sealed Air's gross profits for Q2, the number came in at $378.3 million, a 4% improvement compared to the same quarter a year ago. Not only that, but the company's EBITDA (earnings before interest, taxes, depreciation, and amortization) amounted to $237 million during the second quarter, representing an improvement over the EBITDA of $218 million that had been reported in the comparable previous-year period.On top of those impressive numbers, investors also learned that Sealed Air had finalized its acquisition of bag packaging machinery manufacturer Automated Packaging Systems, further cementing Sealed Air's foothold in the domestic packaging space. Given all of the foregoing, I can see why some traders might feel confident about the SEE stock price -- but don't jump to any conclusions until you've read the rest of this article. SEE vs. SEC"You can't fight the government": it's an age-old saying with strong implications for cautious investors. It's one thing to be a contrarian or a nonconformist, but it's another matter entirely to take up arms with a company that's actively being investigated by Uncle Sam.To be more precise, Sealed Air is under investigation by the Securities and Exchange Commission (SEC) concerning the company's accounting (or lack thereof, as the case may be). In connection with this, Sealed Air has been issued subpoenas, which I will let the company describe in its own words:The Company has received from the staff of the SEC subpoenas… [seeking] documents and information regarding the Company's accounting for income taxes, its financial reporting and disclosures, the process by which the Company selected its independent audit firm beginning with fiscal year 2015, the independence of that audit firm, and other matters.But wait -- it gets worse:The Company has also received a Grand Jury subpoena from the U.S. Attorney's Office seeking documents relating to the termination of our former CFO and relating to the process by which the Company selected its independent audit firm beginning with fiscal year 2015.In other words, Sealed Air might have engaged in some shady accounting practices … they definitely fired their chief financial officer, and now they're potentially knee-deep in legal trouble for the circumstances surrounding the CFO's firing, along with the accounting issues that probably led to that same firing. No Seal of Approval for Sealed Air StockYou're certainly welcome to buy Sealed Air stock shares if you're so inclined; for all we know, the company might come out of this mess unscathed and that could potentially send the SEE stock price soaring.As for me, I'm not prepared to bet on this horse -- the U.S. Attorney's Office isn't known for clemency, and I'm not known for fighting uphill battles.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post Don't Seal Your Fate by Holding Sealed Air Stock appeared first on InvestorPlace.

  • PR Newswire

    Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Supply Chain Index

    DALLAS , Aug. 23, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® Energy Supply Chain Index (the "Index") ...

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  • Sealed Air Stock Is Cheap, But Unattractive
    InvestorPlace

    Sealed Air Stock Is Cheap, But Unattractive

    When the market is turbulent, investors often embark on a flight to safety. That means investors will pile into risk-off assets, such as Treasuries, gold and consumer staples. Indeed, this is exactly what has happened over the last month. While the S&P 500 is off more than 2% in the last month, the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) is up 9%, and the SPDR Gold Shares (NYSEARCA:GLD) is up 5%. And since Aug. 5, the Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) has gained 5%.Source: Shutterstock Given that backdrop, one would assume a food and product packaging company like Sealed Air (NYSE:SEE) would also have benefited from this August flight to safety. It did, for awhile. At one point in early August, SEE stock price was up nearly 10% in August. But the stock has since given up most of those gains, and now SEE stock price is more than 5% off its August highs, while TLT, GLD, and XLP are all at or right next to their August highs.In other words, while SEE stock was initially thought of as a great risk-off investment in this stumbling economy and turbulent market, investors have since second-guessed the relative safety of Sealed Air stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI totally get it. Ostensibly, SEE stock seems very stable, with a fairly attractive valuation and a steady yield. But at this point, it has optical issues which may keep SEE stock price relatively muted for the foreseeable future. * 7 Great Small-Cap Stocks to Buy As a result, I think Sealed Air stock is best left alone for now. Its fundamentals are strong enough that it's not a great short. Its optics are troubling enough that it's not a great long. In such a situation, the sidelines are the best place to hangout. Sealed Air's Fundamentals Are Pretty GoodThe fundamentals supporting SEE stock price are pretty good, and they're mostly favorable to the bull thesis.SEE is a global food and packaging company. Its business is pretty stable. No matter what the global economy is doing, the world is still going to have to transport staple food and goods. It's true that, as global economic activity slows, so will the trading of these goods. But the slowdown will be gradual, and it won't be that steep.Consequently, Sealed Air's performance over the past several years - a low-to-mid-single=digit-percentage revenue grower, excluding acquisitions, with slight margin expansion and low-to-high-single-digit-percentage EBITDA growth - will probably be largely duplicated over the next several years. Its growth will likely slow a bit as the global economy weakens. But Sealed Air should be able to grow its revenues at a low-single-digit rate over the next several years, on largely stable margins, which - when coupled with its buybacks of SEE stock - should produce high- single-digit-earnings per share growth.Sealed Air's EPS can reach somewhere around $4.80 by fiscal 2025. Based on a forward price-earnings multiple of 17, which is average for the packaged-goods sector, that implies a fiscal 2024 price target for SEE stock of over $80. Discounted back by 10% per year, that equates to a 2019 price target of about $50.SEE stock price is slightly above $40 today. Thus, the long term growth fundamentals currently say that Sealed Air stock is undervalued. The Optics Give PauseAlthough SEE stock is undervalued, the optics surrounding Sealed Air warrant this undervaluation for the time being. Specifically, there is an active SEC investigation overhanging Sealed Air which has created a lot of distractions. These distractions detract from Sealed Air's value as a risk-off investment during turbulent times.This SEC investigation has shifted into another gear in 2019. In May, Sealed Air was served a subpoena relating to a previously disclosed SEC investigation into the company's accounting practices. That additional subpoena has had an avalanche impact on the company.A month later, Sealed Air fired its CFO. Three months later, the company received a grand jury subpoena from a U.S. Attorney for documents related to the firing. A week after that, Sealed Air switched audit firms. And, a week after that, Upslope Capital Management, which was shorting Sealed Air stock, issued a report, citing the SEC investigation and accounting irregularities as two big reasons why it believed that SEE stock would head lower.Against the backdrop of all those distractions, Sealed Air's organic revenue growth has slowed to a multi-year low in 2019.In other words, SEE stock price is being weighed down by slowing growth trends against the backdrop of a ton of SEC/accounting noise that doesn't give investors confidence. Slowing growth plus a lack of confidence is not a winning combination.So despite SEE's favorable fundamentals, SEE stock price likely won't march meaningfully higher anytime soon. The Bottom Line on SEE StockIt's easy to look at SEE stock and see a stable consumer staples stock that should theoretically outperform during turbulent times. But that cursory analysis ignores the ugly optical risks overhanging the company. Those unfavorable optics will ultimately put a cap on near-term gains by SEE stock, making it unattractive for now.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Sealed Air Stock Is Cheap, But Unattractive appeared first on InvestorPlace.