Autodesk (ADSK) Receiving Somewhat Favorable Media Coverage, Study Finds
Media coverage about Autodesk (NASDAQ:ADSK) has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Autodesk earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the software company an impact score of 45.7265182092306 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Autodesk, Inc. (NASDAQ: ADSK) – Eye-Catching Shares – Alpha Beta Stock (alphabetastock.com)
- Autodesk, Inc., (NASDAQ: ADSK), Neptune Technologies & Bioressources Inc., (NASDAQ: NEPT), ZTO Express … – Stocks In The News (press release) (tradingnewsnow.com)
- Autodesk, Inc. (ADSK) Price Target Raised to $140.00 at Royal Bank Of Canada (americanbankingnews.com)
- Autodesk to Present at Upcoming Investor Conferences (finance.yahoo.com)
- Autodesk, Inc. (ADSK) Price Target Raised to $143.00 (americanbankingnews.com)
Several equities analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Autodesk from $120.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank Of Canada raised their target price on shares of Autodesk from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday. Wells Fargo & Company raised their target price on shares of Autodesk from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. Barclays PLC reaffirmed an “overweight” rating and set a $135.00 target price (up from $125.00) on shares of Autodesk in a research note on Tuesday. Finally, Canaccord Genuity reiterated a “buy” rating and set a $140.00 price objective (up previously from $125.00) on shares of Autodesk in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Autodesk presently has an average rating of “Buy” and a consensus price target of $126.90.
Shares of Autodesk (ADSK) traded up $0.06 on Thursday, reaching $127.77. 1,469,400 shares of the company were exchanged, compared to its average volume of 1,992,249. Autodesk has a one year low of $68.06 and a one year high of $128.68. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.22 and a quick ratio of 1.22.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The company had revenue of $501.80 million during the quarter, compared to analyst estimates of $493.98 million. During the same quarter last year, the business posted $0.05 EPS. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. research analysts forecast that Autodesk will post -1.38 EPS for the current fiscal year.
In other Autodesk news, SVP Fronzo Pascal W. Di sold 580 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $110.91, for a total transaction of $64,327.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Steven M. Blum sold 9,128 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $112.26, for a total transaction of $1,024,709.28. The disclosure for this sale can be found here. Insiders have sold a total of 79,789 shares of company stock valued at $9,189,363 in the last quarter. 6.10% of the stock is currently owned by company insiders.
Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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