Nordstrom (JWN) Earns Daily News Impact Rating of 0.17
News stories about Nordstrom (NYSE:JWN) have been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nordstrom earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the specialty retailer an impact score of 45.756186276472 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Nordstrom Stock: Assessing Recent Changes in Analysts’ Views (finance.yahoo.com)
- Nordstrom: Buyout Premium Is Not In The Stock Yet – Seeking Alpha (seekingalpha.com)
- Optimistic Trending Companies: Discover Financial Services (DFS), Nordstrom, Inc. (JWN) – Market Movers (financialqz.com)
- How Is Nordstrom Rack Performing? (finance.yahoo.com)
- Nordstrom Getting Closer To Key Technical Benchmark (finance.yahoo.com)
Nordstrom (JWN) traded up $0.25 during midday trading on Thursday, hitting $51.22. 884,781 shares of the company traded hands, compared to its average volume of 2,273,250. The company has a current ratio of 1.00, a quick ratio of 0.30 and a debt-to-equity ratio of 3.14. The company has a market cap of $8,530.00, a P/E ratio of 17.97, a P/E/G ratio of 2.80 and a beta of 0.89. Nordstrom has a fifty-two week low of $37.79 and a fifty-two week high of $53.00.
Several research analysts have weighed in on JWN shares. KeyCorp set a $55.00 price objective on shares of Nordstrom and gave the company a “buy” rating in a research note on Wednesday, October 11th. Robert W. Baird reiterated a “hold” rating and issued a $50.00 price objective on shares of Nordstrom in a research note on Wednesday, November 1st. ValuEngine lowered shares of Nordstrom from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Royal Bank of Canada restated a “hold” rating and set a $45.00 price target on shares of Nordstrom in a research note on Thursday, October 5th. Finally, Cowen restated a “buy” rating and set a $50.00 price target on shares of Nordstrom in a research note on Friday, November 10th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $47.43.
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Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
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