Media stories about PTC (NASDAQ:PTC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group 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 positive one, with scores closest to one being the most favorable. PTC earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.6089174517611 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
Several brokerages have recently issued reports on PTC. Evercore ISI set a $65.00 target price on shares of PTC and gave the company a “buy” rating in a research report on Thursday, October 19th. BidaskClub raised shares of PTC from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Bank of America assumed coverage on shares of PTC in a research note on Monday, November 6th. They issued an “underperform” rating and a $60.00 price target on the stock. Citigroup lifted their target price on shares of PTC to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $74.00 target price on shares of PTC in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $70.81.
Shares of PTC (PTC) traded down $1.25 during midday trading on Tuesday, reaching $67.75. 297,619 shares of the company were exchanged, compared to its average volume of 1,064,625. PTC has a 12-month low of $50.68 and a 12-month high of $74.88. The firm has a market cap of $8,235.66, a PE ratio of 273.20, a price-to-earnings-growth ratio of 2.54 and a beta of 1.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.98 and a current ratio of 1.10.
PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, January 17th. The technology company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. PTC had a net margin of 2.47% and a return on equity of 9.29%. The business had revenue of $306.44 million for the quarter, compared to analyst estimates of $300.17 million. During the same period in the prior year, the firm posted $0.26 EPS. The company’s revenue was up 7.0% on a year-over-year basis. analysts predict that PTC will post 0.78 earnings per share for the current year.
In other PTC news, VP Staats Aaron C. Von sold 9,947 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $64.67, for a total value of $643,272.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James E. Heppelmann sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $64.58, for a total value of $1,614,500.00. The disclosure for this sale can be found here. Insiders have sold 81,260 shares of company stock valued at $5,501,295 in the last three months. Corporate insiders own 1.19% of the company’s stock.
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PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
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