Somewhat Positive News Coverage Somewhat Unlikely to Impact Sothebys (BID) Stock Price

Headlines about Sothebys (NYSE:BID) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sothebys earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media stories about the specialty retailer an impact score of 45.8298344885324 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media stories that may have impacted Accern’s scoring:

Shares of Sothebys (NYSE BID) traded up $0.70 during midday trading on Friday, reaching $52.71. The company’s stock had a trading volume of 516,421 shares, compared to its average volume of 267,318. Sothebys has a fifty-two week low of $38.63 and a fifty-two week high of $57.95. The company has a current ratio of 1.73, a quick ratio of 1.62 and a debt-to-equity ratio of 1.91. The company has a market cap of $2,730.68, a P/E ratio of 26.76 and a beta of 1.87.

Sothebys (NYSE:BID) last issued its earnings results on Friday, November 3rd. The specialty retailer reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.23. The business had revenue of $171.39 million during the quarter, compared to the consensus estimate of $101.14 million. Sothebys had a return on equity of 22.48% and a net margin of 10.95%. The firm’s revenue was up 87.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.78) EPS. equities research analysts predict that Sothebys will post 2.17 EPS for the current fiscal year.

Several research firms have recently weighed in on BID. Zacks Investment Research upgraded Sothebys from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Monday, January 8th. TheStreet downgraded Sothebys from a “b” rating to a “c+” rating in a research note on Monday, November 6th. Aegis began coverage on Sothebys in a research note on Monday, October 30th. They set a “buy” rating and a $60.00 price target for the company. Finally, Consumer Edge upgraded Sothebys from a “neutral” rating to an “overweight” rating in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $59.00.

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Sothebys Company Profile

Sotheby’s is a global art business company. The Company is engaged in offering its clients opportunities to connect with and transact in a range of objects. The Company offers a range of art-related services, including the brokerage of private art sales, private jewelry sales through Sotheby’s Diamonds, private selling exhibitions at its galleries, art-related financing, and art advisory services, as well as retail wine locations in New York and Hong Kong.

Insider Buying and Selling by Quarter for Sothebys (NYSE:BID)

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