Somewhat Favorable News Coverage Somewhat Unlikely to Impact Autodesk (ADSK) Share Price

Press coverage about Autodesk (NASDAQ:ADSK) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Autodesk earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the software company an impact score of 45.8032434260092 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of research analysts have weighed in on ADSK shares. Evercore ISI reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Autodesk in a research note on Wednesday, August 23rd. Berenberg Bank started coverage on shares of Autodesk in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $136.00 price objective on the stock. Cowen reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Autodesk in a research note on Friday, August 18th. Canaccord Genuity reaffirmed a “buy” rating and issued a $125.00 price objective (up from $120.00) on shares of Autodesk in a research note on Friday, August 25th. Finally, Robert W. Baird set a $125.00 price objective on shares of Autodesk and gave the company a “buy” rating in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $132.55.

Shares of Autodesk (NASDAQ ADSK) traded down $0.31 during mid-day trading on Wednesday, hitting $106.02. 1,981,883 shares of the stock traded hands, compared to its average volume of 2,136,500. The company has a debt-to-equity ratio of 14.78, a current ratio of 1.07 and a quick ratio of 1.07. Autodesk has a 52 week low of $73.60 and a 52 week high of $131.10.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The company had revenue of $515.30 million during the quarter, compared to the consensus estimate of $513.63 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. equities research analysts anticipate that Autodesk will post -1.36 earnings per share for the current fiscal year.

In related news, Director Lorrie M. Norrington sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $111.12, for a total transaction of $2,778,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Crawford W. Beveridge sold 1,500 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was 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. Insiders have sold 63,023 shares of company stock valued at $7,378,094 in the last 90 days. 6.10% of the stock is currently owned by corporate insiders.

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About Autodesk

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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