Media coverage about Westpac Banking (NYSE:WBK) has been trending somewhat positive on Friday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Westpac Banking earned a media sentiment score of 2.00 on their scale. InfoTrie also gave news headlines about the bank an news buzz score of 5 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company’s share price in the near term.
A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Westpac Banking from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. downgraded shares of Westpac Banking from an “overweight” rating to a “neutral” rating in a research note on Wednesday, February 6th. ValuEngine downgraded shares of Westpac Banking from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Morgan Stanley downgraded shares of Westpac Banking from an “equal weight” rating to an “underweight” rating in a research note on Thursday, January 31st. Finally, Goldman Sachs Group downgraded shares of Westpac Banking from a “buy” rating to a “neutral” rating in a research note on Thursday, January 10th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $25.00.
Westpac Banking stock opened at $18.35 on Friday. Westpac Banking has a one year low of $16.41 and a one year high of $22.65. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $63.03 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 7.74 and a beta of 1.06.
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Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It offers everyday banking, savings, term deposit, moving to Australia, under 21 and student, business one, community solutions one, not-for-profit savings, and foreign currency accounts; term and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, insurance premium, corporate and structured finance, and trade and supply chain financing services.
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