Is It Overvalued? Look at the P/S Ratio: Sealed Air Corporation (SEE), Hope Bancorp Inc. (HOPE)

You should consider shares of Sealed Air Corporation (NYSE:SEE) and Hope Bancorp Inc. (NASDAQ:HOPE) if you are looking for a great stocks to invest in. Starting with the SEE shares, which traded at $37.33 at the close of the recent session, dropping -0.05%. On Tuesday, the company’s shares shed -$0.02 from its value which represented in intraday trading. The stock is now 2.19% higher in year-to-date (YTD) trading. SEE’s intraday high was $37.435 while its lowest price touched $36.68. The stock’s 52-week high price is $47.13, which means the current price is at -20.79%. In terms of trading activity, the daily trading volume fell to 1001417 against 200-day average trading volume of 1,255,442 shares.

What are analyst forecasts for Sealed Air Corporation (NYSE:SEE)?

At a consensus rating of 3.73, SEE is trending as a streaking Moderate Buy, as it has been the case a month ago when 11 analysts called it a Moderate Buy. Two months ago, 12 analysts recommended, on average, that SEE stock is a Moderate Buy. The Consumer Goods company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $36.97 on the day.

Forecasts for Sealed Air Corporation (NYSE:SEE) give the stock a fair value for the growth of 15.16% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $44.00, which means the price per share could rise by nearly $6.67. The price range target is between a low of $39.00 and a high of $56.00. The stock would need to gain by about $33.34 to hit the estimated high or 0.87% from its 12-month low.

The consensus among 14 analysts is that it is a good time for one to Overweight in the Sealed Air Corporation. 3 analysts rate SEE as a Buy, with 0 of 14 analysts rate it as a Sell. 2 have valued the stock as Overweight and 9 have recommended that investors Hold.

Sealed Air Corporation (NYSE:SEE) Upgrades and Downgrades

In terms of rating changes, KeyBanc Capital Markets on November 07, 2019, Upgrade Sealed Air Corporation (SEE) at Sector Weight. Analysts at KeyBanc Capital Markets have assigned a Underweight rating for the stock in their research note on July 15, 2019 with an estimated price target of $39. Moreover, BofA/Merrill analysts issued a rating of Neutral for the stock on June 21, 2019. On February 08, 2019, the stock earned a Hold rating due to an analyst call from Vertical Research, while analysts from Goldman on February 08, 2019 suggested that the stock is Neutral.

Hope Bancorp Inc. (NASDAQ:HOPE) adds -$0.06 on Tuesday

The HOPE stock has risen 20.66% year-to-date and is currently trading at $14.31, which is -7.08% below its 52-week high. The company shares lost -0.42% on the day and have risen nearly 25.86% off a low hit. At current levels, Hope Bancorp Inc. has a valuation of about $691.00M. As of 12/03/19, this stock has fallen -1.92% during the week and closed at $14.37 in the previous session. However, recent Hope Bancorp Inc. stock performance shows that HOPE shares are -1.99% down over the last month, and 8.66% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.35, with the trailing 12-month share earnings at $1.36. The ratio is expected to be down by -9.00% for the current year 2019 and -8.30% for next year. Over the next 5-year period, earnings per share will be 8.00%. But will the HOPE stock surprise in the current quarter results, where the $0.34 actual EPS reported on 9/29/2019 surprised by 6.30% or was higher by $0.02 from the estimated $0.32.

Sales Growth to decline -1.60% for the year

How well will Hope Bancorp Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $125M and $128.62M in current quarter sales. The consensus estimated for the current quarter is $127.42M from sales. Forecasts for this fiscal year are between $515M and $518.41M and the consensus estimate for sales is at $517.14M. HOPE has its next quarter sales estimates at between $123.2M and $127M, with the quarter-over-quarter growth estimates at -4.60% and the annual growth forecast for the year at -1.60%.

Who owns shares in Hope Bancorp Inc. (HOPE)?

Let’s briefly focus on the share ownership of the Hope Bancorp Inc. (NASDAQ:HOPE) stock, where we find that 90.51% of shares are held by institutions. Blackrock Inc. tops the list of institutional owners as it is holding 18.71 million shares or 14.77% of shares outstanding. Vanguard Group, Inc. (The) and Dimensional Fund Advisors LP held 13.44 million and 10.64 million representing 10.61% and 8.40% respectively at the close of the last trading session. As of Sep 29, 2019, Fuller & Thaler Asset Management Inc. accounted for 7.5 million shares at over 107.5 million. This represented 5.92% of shares outstanding. Price (T.Rowe) Associates Inc held 7.27 million shares at over 104.24 million representing 5.74% of shares outstanding.

HOPE Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Hope Bancorp Inc. (HOPE), a total of 77521 shares have been sold by insiders over the last 6 months while 21419 shares were added in the same time span. On 8/22/2019, Director by the name Koh Steven S sold 16510.0 shares worth $224900.0 at the price of $13.62 per share. Filings also show that Ko Alex sold a total of 13507.0 shares on 7/19/2019 valued at $193000.0. Since the last insider activity, the company’s share price has climbed 0.28%.