Westpac Banking Corporation (NYSE:WBK) Earns Daily News Impact Rating of 0.09
Media headlines about Westpac Banking Corporation (NYSE:WBK) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press 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 negative one to positive one, with scores nearest to one being the most favorable. Westpac Banking Corporation earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 45.9137655124425 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Westpac Banking Corporation (WBK) traded up 0.55% during midday trading on Wednesday, reaching $25.45. The company’s stock had a trading volume of 438,970 shares. The company’s 50-day moving average price is $24.28 and its 200 day moving average price is $24.86. The company has a market capitalization of $85.20 billion, a P/E ratio of 14.39 and a beta of 1.29. Westpac Banking Corporation has a 12-month low of $21.23 and a 12-month high of $27.05.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Westpac Banking Corporation from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Saturday, July 22nd. Morgan Stanley upgraded Westpac Banking Corporation from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 20th. UBS AG downgraded Westpac Banking Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, May 8th. Macquarie downgraded Westpac Banking Corporation from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 9th. Finally, Citigroup Inc. upgraded Westpac Banking Corporation from a “sell” rating to a “neutral” rating in a research report on Wednesday, July 19th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $29.00.
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Westpac Banking Corporation Company Profile
Westpac Banking Corporation is a banking organization. The Company provides a range of banking and financial services in markets, including consumer, business and institutional banking and wealth management services. The Company is engaged in the provision of financial services, including lending, deposit taking, payments services, investment portfolio management and advice, superannuation and funds management, insurance services, leasing finance, general finance, interest rate risk management and foreign exchange services.
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