Westpac Banking (NYSE:WBK) Getting Somewhat Positive Media Coverage, Study Finds

Headlines about Westpac Banking (NYSE:WBK) have trended somewhat positive on Saturday, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Westpac Banking earned a media sentiment score of 2.00 on their scale. InfoTrie also assigned media coverage about the bank an news buzz score of 0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the headlines that may have impacted Westpac Banking’s score:

WBK stock traded up $0.01 during mid-day trading on Friday, reaching $9.94. The company’s stock had a trading volume of 604,921 shares, compared to its average volume of 851,408. The stock has a market cap of $34.23 billion, a PE ratio of 7.47, a P/E/G ratio of 4.33 and a beta of 1.03. The company has a current ratio of 1.19, a quick ratio of 1.24 and a debt-to-equity ratio of 3.13. Westpac Banking has a fifty-two week low of $7.98 and a fifty-two week high of $20.56. The company’s 50 day moving average is $9.95 and its two-hundred day moving average is $14.41.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Westpac Banking from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine upgraded shares of Westpac Banking from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. downgraded shares of Westpac Banking from an “overweight” rating to a “neutral” rating in a research report on Monday, April 27th. Jefferies Financial Group upgraded shares of Westpac Banking from an “underperform” rating to a “hold” rating in a research report on Tuesday, March 17th. Finally, Morgan Stanley downgraded shares of Westpac Banking from an “equal weight” rating to an “underweight” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $21.00.

Westpac Banking Company Profile

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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Insider Buying and Selling by Quarter for Westpac Banking (NYSE:WBK)

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