Somewhat Positive Press Coverage Somewhat Unlikely to Impact Westpac Banking Corporation (WBK) Stock Price

News coverage about Westpac Banking Corporation (NYSE:WBK) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Westpac Banking Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 45.7018628290656 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Several equities analysts have issued reports on WBK shares. Zacks Investment Research upgraded shares of Westpac Banking Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Saturday, September 30th. Credit Suisse Group cut shares of Westpac Banking Corporation from an “outperform” rating to a “neutral” rating in a research report on Monday, November 6th. Citigroup Inc. upgraded shares of Westpac Banking Corporation from a “sell” rating to a “neutral” rating in a research report on Wednesday, July 19th. Finally, Morgan Stanley upgraded shares of Westpac Banking Corporation from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.00.

Westpac Banking Corporation (NYSE:WBK) opened at $24.24 on Wednesday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.26 and a quick ratio of 1.26. Westpac Banking Corporation has a 12-month low of $22.17 and a 12-month high of $27.05.

The firm also recently declared a None dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, November 13th will be given a $0.717 dividend. This is a boost from Westpac Banking Corporation’s previous None dividend of $0.71. This represents a yield of 5.82%. The ex-dividend date is Friday, November 10th. Westpac Banking Corporation’s dividend payout ratio is 120.00%.

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About Westpac Banking Corporation

Westpac Banking Corporation is a banking organization. The Company provides a range of banking and financial services in markets, including consumer, business and institutional banking and wealth management services. The Company is engaged in the provision of financial services, including lending, deposit taking, payments services, investment portfolio management and advice, superannuation and funds management, insurance services, leasing finance, general finance, interest rate risk management and foreign exchange services.

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