News headlines about Sealed Air (NYSE:SEE) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sealed Air earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.5113422486808 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- 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)
Several research analysts have recently issued reports on the stock. Vertical Research downgraded shares of Sealed Air from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research cut shares of Sealed Air from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Barclays raised shares of Sealed Air from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $46.00 to $53.00 in a report on Friday, December 15th. TheStreet raised shares of Sealed Air from a “c+” rating to a “b-” rating in a report on Thursday, November 30th. Finally, SunTrust Banks reissued a “buy” rating and set a $49.00 price objective on shares of Sealed Air in a report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $49.42.
Shares of Sealed Air (NYSE SEE) traded down $0.42 during mid-day trading on Tuesday, reaching $48.43. 2,350,000 shares of the company’s stock were exchanged, compared to its average volume of 2,390,000. Sealed Air has a twelve month low of $41.22 and a twelve month high of $50.62. The stock has a market capitalization of $8,740.00, a PE ratio of 46.57, a P/E/G ratio of 5.11 and a beta of 1.24. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 4.23.
Sealed Air (NYSE:SEE) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.46. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 earnings per share. sell-side analysts predict that Sealed Air will post 1.8 earnings per share for the current year.
In other news, CFO William G. Stiehl sold 3,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $48.98, for a total value of $146,940.00. Following the completion of the sale, the chief financial officer now directly owns 34,797 shares of the company’s stock, valued at $1,704,357.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Emile Z. Chammas sold 6,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $45.24, for a total transaction of $271,440.00. Following the completion of the sale, the senior vice president now directly owns 142,077 shares of the company’s stock, valued at $6,427,563.48. 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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