Autodesk (ADSK) Earning Somewhat Favorable News Coverage, Analysis Finds
Press coverage about Autodesk (NASDAQ:ADSK) has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Autodesk earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave press coverage about the software company an impact score of 45.9174682948656 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Autodesk, Inc. (ADSK) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Zacks Investment Research Lowers Autodesk (ADSK) to Sell (americanbankingnews.com)
- Intraday Trade Strategies in Focus – Autodesk Inc (NASDAQ: ADSK) – Alpha Beta Stock (alphabetastock.com)
- Stock Buzz— Autodesk, Inc. (ADSK) – usstockjournal (usstockjournal.com)
- Short Term Technical Analysis: Cirrus Logic, Inc. (CRUS), Autodesk, Inc. (ADSK) – Market Movers (financialqz.com)
Shares of Autodesk (NASDAQ:ADSK) opened at $110.54 on Thursday. Autodesk has a one year low of $81.75 and a one year high of $131.10. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.78. The firm has a market cap of $24,350.00, a PE ratio of -43.01, a P/E/G ratio of 14.73 and a beta of 1.91.
A number of equities research analysts have issued reports on ADSK shares. Wedbush cut Autodesk from an “outperform” rating to a “neutral” rating and cut their target price for the company from $138.00 to $126.00 in a research note on Wednesday, November 29th. UBS Group reiterated a “buy” rating and issued a $140.00 target price on shares of Autodesk in a research note on Wednesday, November 29th. Credit Suisse Group reiterated an “outperform” rating and issued a $135.00 target price (down from $140.00) on shares of Autodesk in a research note on Wednesday, November 29th. Deutsche Bank set a $140.00 target price on Autodesk and gave the company a “buy” rating in a research note on Wednesday, November 29th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $135.00 target price on shares of Autodesk in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $132.68.
In related news, Director Lorrie M. Norrington sold 6,005 shares of Autodesk stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $104.40, for a total transaction of $626,922.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $106.29, for a total transaction of $159,435.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,248 shares of company stock worth $2,148,546. Company insiders own 6.10% of the company’s stock.
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Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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