Somewhat Positive News Coverage Somewhat Unlikely to Impact Sealed Air (SEE) Share Price
Media headlines about Sealed Air (NYSE:SEE) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sealed Air earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.5088198934573 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Sealed Air Corp (SEE) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Sealed Air Corporation (SEE) – Watch List stock – Wall Street Morning (wallstreetmorning.com)
- Most Shocking Stock Movements: Viavi Solutions Inc. (VIAV), Sealed Air Corporation (SEE) – Market Movers (financialqz.com)
- Sealed Air to Hold Conference Call to Discuss Fourth Quarter and Full Year 2017 Results – Business Wire (press release) (businesswire.com)
- Sealed Air Corporation: Sealed Air to Hold Conference Call to Discuss Fourth Quarter and Full Year 2017 Results (twst.com)
SEE has been the topic of several recent research reports. TheStreet raised shares of Sealed Air from a “c+” rating to a “b-” rating in a report on Thursday, November 30th. SunTrust Banks reaffirmed a “buy” rating and set a $49.00 price objective on shares of Sealed Air in a report on Friday, November 17th. Bank of America set a $50.00 price objective on shares of Sealed Air and gave the company a “buy” rating in a report on Friday, October 13th. Barclays reaffirmed an “equal weight” rating and set a $45.00 price objective on shares of Sealed Air in a report on Tuesday, September 19th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $47.00 price objective on shares of Sealed Air in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Sealed Air currently has a consensus rating of “Hold” and an average price target of $49.42.
Shares of Sealed Air (NYSE:SEE) traded up $0.21 on Friday, hitting $48.86. The stock had a trading volume of 2,100,967 shares, compared to its average volume of 2,013,126. Sealed Air has a 12-month low of $41.22 and a 12-month high of $50.62. The company has a market capitalization of $8,775.80, a PE ratio of 9.31, a PEG ratio of 5.09 and a beta of 1.24. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.34 and a current ratio of 1.70.
Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. Sealed Air had a return on equity of 67.60% and a net margin of 20.15%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. equities analysts expect that Sealed Air will post 1.8 earnings per share for the current year.
In other news, SVP Emile Z. Chammas sold 6,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.24, for a total transaction of $271,440.00. Following the sale, the senior vice president now directly owns 142,077 shares in the company, valued at $6,427,563.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO William G. Stiehl sold 3,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $48.98, for a total value of $146,940.00. Following the sale, the chief financial officer now owns 34,797 shares in the company, valued at $1,704,357.06. The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company’s stock.
About Sealed Air
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.
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