Headlines about Westpac Banking (NYSE:WBK) have been trending somewhat positive on Thursday, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Westpac Banking earned a media sentiment score of 1.44 on their scale. InfoTrie also gave headlines about the bank an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Westpac Banking’s analysis:
NYSE WBK opened at $18.76 on Thursday. Westpac Banking has a 52-week low of $18.22 and a 52-week high of $25.59. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market cap of $64.77 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 5.71 and a beta of 1.24.
The firm also recently declared a special dividend, which will be paid on Monday, December 31st. Stockholders of record on Tuesday, November 13th will be paid a dividend of $0.6766 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a dividend yield of 7.09%. Westpac Banking’s dividend payout ratio is currently 77.01%.
WBK has been the subject of a number of research reports. Macquarie cut Westpac Banking from an “outperform” rating to a “neutral” rating in a research note on Friday, August 17th. Deutsche Bank cut Westpac Banking from a “buy” rating to a “sell” rating in a research note on Monday, November 26th. Zacks Investment Research cut Westpac Banking from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th. Finally, Citigroup raised Westpac Banking from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 6th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Westpac Banking has an average rating of “Hold” and a consensus price target of $25.00.
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Westpac Banking Company Profile
Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It offers everyday banking, savings, term deposit, moving to Australia, under 21 and student, business one, community solutions one, not-for-profit savings, and foreign currency accounts; term and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, insurance premium, corporate and structured finance, and trade and supply chain financing services.
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