Media stories about Sealed Air Corporation (NYSE:SEE) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sealed Air Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.7767817666472 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Sealed Air Corp (SEE)’s Technicals Placed in the Limelight – Sparta Review (spartareview.com)
- Stock Under Scrutiny: Sealed Air Corp (SEE) – Berry Recorder (berryrecorder.com)
- Sealed Air Corporation (SEE) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- SunTrust Banks Comments on Sealed Air Corporation’s Q4 2017 Earnings (SEE) (americanbankingnews.com)
- FY2017 EPS Estimates for Sealed Air Corporation Raised by Analyst (NYSE:SEE) (americanbankingnews.com)
A number of brokerages have recently commented on SEE. TheStreet lowered Sealed Air Corporation from a “b” rating to a “c+” rating in a report on Tuesday, May 9th. Credit Suisse Group set a $50.00 target price on Sealed Air Corporation and gave the company a “buy” rating in a research report on Thursday, May 11th. Jefferies Group LLC lowered their target price on Sealed Air Corporation from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, May 10th. Zacks Investment Research downgraded Sealed Air Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Bank of America Corporation downgraded Sealed Air Corporation from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $49.27.
Shares of Sealed Air Corporation (NYSE:SEE) traded up 1.16% during trading on Wednesday, reaching $45.47. The company’s stock had a trading volume of 1,525,429 shares. The firm has a market cap of $8.64 billion, a PE ratio of 23.50 and a beta of 1.16. The stock’s 50 day moving average price is $44.92 and its 200-day moving average price is $45.07. Sealed Air Corporation has a 12 month low of $41.74 and a 12 month high of $50.62.
Sealed Air Corporation (NYSE:SEE) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business posted $0.65 EPS. Sealed Air Corporation’s revenue was up 3.0% compared to the same quarter last year. Equities analysts predict that Sealed Air Corporation will post $1.82 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.41%. Sealed Air Corporation’s dividend payout ratio is currently 33.16%.
In other Sealed Air Corporation news, CAO William G. Stiehl sold 3,000 shares of Sealed Air Corporation stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $43.43, for a total transaction of $130,290.00. Following the transaction, the chief accounting officer now owns 37,797 shares of the company’s stock, valued at approximately $1,641,523.71. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.86% of the stock is owned by company insiders.
Sealed Air Corporation Company Profile
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing a range of integrated system solutions.
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