West Marine (WMAR) Receiving Somewhat Favorable Media Coverage, Accern Reports
Media coverage about West Marine (NASDAQ:WMAR) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. West Marine earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the specialty retailer an impact score of 46.3534387268789 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of West Marine (NASDAQ:WMAR) remained flat at $12.93 during trading on Friday. The stock had a trading volume of 294,108 shares. The stock’s 50-day moving average is $12.89 and its 200 day moving average is $10.60. The stock has a market cap of $326.86 million, a price-to-earnings ratio of 40.92 and a beta of 1.31. West Marine has a 12 month low of $7.77 and a 12 month high of $13.01.
A number of analysts have recently commented on WMAR shares. TheStreet upgraded shares of West Marine from a “c+” rating to a “b” rating in a report on Thursday, April 27th. B. Riley restated a “buy” rating and set a $12.00 target price on shares of West Marine in a report on Tuesday, May 2nd. BidaskClub upgraded shares of West Marine from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Forward View upgraded shares of West Marine from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Zacks Investment Research cut shares of West Marine from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.99.
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West Marine Company Profile
West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.
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