Headlines about Adobe Systems (NASDAQ:ADBE) have been trending positive on Saturday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty 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. Adobe Systems earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave media headlines about the software company an impact score of 46.1679124101135 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
Adobe Systems (NASDAQ:ADBE) traded down $1.41 during midday trading on Friday, hitting $201.56. The company had a trading volume of 2,172,415 shares, compared to its average volume of 2,800,000. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.05 and a current ratio of 2.05. Adobe Systems has a 52-week low of $117.83 and a 52-week high of $204.45. The firm has a market cap of $98,390.00, a P/E ratio of 59.46, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18.
Adobe Systems (NASDAQ:ADBE) last released its earnings results on Thursday, December 14th. The software company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.10. Adobe Systems had a return on equity of 22.15% and a net margin of 23.20%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the firm earned $0.90 EPS. The firm’s revenue was up 24.8% on a year-over-year basis. sell-side analysts predict that Adobe Systems will post 5.12 earnings per share for the current year.
A number of research firms have weighed in on ADBE. Barclays upped their target price on Adobe Systems from $193.00 to $221.00 and gave the stock an “overweight” rating in a report on Tuesday, January 23rd. Zacks Investment Research upgraded Adobe Systems from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a report on Tuesday. Jefferies Group upped their target price on Adobe Systems to $205.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Robert W. Baird restated a “buy” rating and set a $200.00 target price on shares of Adobe Systems in a report on Friday, December 15th. Finally, Credit Suisse Group restated an “outperform” rating and set a $225.00 target price (up previously from $220.00) on shares of Adobe Systems in a report on Tuesday, January 23rd. Eight analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Adobe Systems currently has an average rating of “Buy” and an average target price of $198.15.
In related news, Chairman Shantanu Narayen sold 165,023 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $197.89, for a total value of $32,656,401.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Amy Banse bought 1,125 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was purchased at an average cost of $177.35 per share, for a total transaction of $199,518.75. Following the completion of the transaction, the director now owns 31,453 shares in the company, valued at $5,578,189.55. The disclosure for this purchase can be found here. Over the last three months, insiders sold 351,199 shares of company stock worth $67,326,422. 0.38% of the stock is owned by insiders.
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Adobe Systems Company Profile
Adobe Systems Incorporated is a software company. The Company offers products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences.
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