New Lifetime High Reached: Sealed Air (SEE)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Sealed Air ( SEE) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Sealed Air as such a stock due to the following factors:

  • SEE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $107.2 million.
  • SEE has traded 17,844 shares today.
  • SEE is trading at a new lifetime high.

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More details on SEE:

Sealed Air Corporation provides food safety and security, facility hygiene, and product protection solutions worldwide. The stock currently has a dividend yield of 1.1%. SEE has a PE ratio of 35.1. Currently there are 3 analysts that rate Sealed Air a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for Sealed Air has been 1.9 million shares per day over the past 30 days. Sealed Air has a market cap of $9.9 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 1.77 and a short float of 2.6% with 2.44 days to cover. Shares are up 10% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Sealed Air as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

Highlights from the ratings report include:
  • SEALED AIR CORP has improved earnings per share by 39.4% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, SEALED AIR CORP increased its bottom line by earning $1.20 versus $0.44 in the prior year. This year, the market expects an improvement in earnings ($2.12 versus $1.20).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Containers & Packaging industry. The net income increased by 35.4% when compared to the same quarter one year prior, rising from $71.80 million to $97.20 million.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. When compared to other companies in the Containers & Packaging industry and the overall market, SEALED AIR CORP's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
  • 39.09% is the gross profit margin for SEALED AIR CORP which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 5.56% is above that of the industry average.
  • Net operating cash flow has significantly increased by 134.21% to $319.10 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 94.10%.

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