Somewhat Favorable News Coverage Somewhat Unlikely to Affect FTD Companies (FTD) Stock Price
News coverage about FTD Companies (NASDAQ:FTD) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. FTD Companies earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.5420959751739 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of FTD Companies (NASDAQ FTD) traded down 3.51% on Monday, hitting $13.21. The company had a trading volume of 186,827 shares. The company has a 50-day moving average of $14.71 and a 200 day moving average of $18.55. FTD Companies has a 12 month low of $12.35 and a 12 month high of $26.19. The stock’s market cap is $363.86 million.
A number of research firms have recently issued reports on FTD. DA Davidson downgraded shares of FTD Companies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $17.00 in a research report on Wednesday, August 9th. BidaskClub downgraded FTD Companies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded FTD Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 15th. Finally, ValuEngine downgraded FTD Companies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. FTD Companies has a consensus rating of “Hold” and a consensus price target of $20.67.
About FTD Companies
FTD Companies, Inc (FTD) is a floral and gifting company. The Company operates through four segments: Consumer, Florist, International and Provide Commerce. Through its Consumer segment, FTD is a direct marketer of floral and gift products for consumers, primarily in the United States and Canada. Through its Florist segment, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada.
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