News articles about Autodesk (NASDAQ:ADSK) have trended somewhat negative recently, according to InfoTrie. InfoTrie scores the sentiment of press coverage by reviewing more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Autodesk earned a coverage optimism score of -1.22 on their scale. InfoTrie also assigned media coverage about the software company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Autodesk’s analysis:
- Autodesk (ADSK) Q1 Earnings Miss Estimates, Revenues Up Y/Y – Yahoo Finance (finance.yahoo.com)
- Analysts Hold Their Views On Autodesk Despite Mixed Quarter – Benzinga (benzinga.com)
- US STOCKS-Wall St edges higher after Trump sparks U.S.-China trade hopes (finance.yahoo.com)
- Oppenheimer defends Autodesk after earnings weakness (seekingalpha.com)
- Griffin Securities Raises Autodesk (ADSK) Price Target to $193.00 (americanbankingnews.com)
A number of analysts recently weighed in on ADSK shares. BidaskClub upgraded Autodesk from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Deutsche Bank lifted their price target on Autodesk to $180.00 and gave the company a “buy” rating in a research note on Thursday, February 21st. Royal Bank of Canada lifted their price target on Autodesk from $163.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, February 25th. Zacks Investment Research downgraded Autodesk from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Finally, KeyCorp lifted their price target on Autodesk from $168.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Autodesk presently has an average rating of “Buy” and a consensus target price of $173.63.
ADSK opened at $161.22 on Friday. The firm has a market cap of $35.49 billion, a price-to-earnings ratio of 1,465.64, a PEG ratio of 2.60 and a beta of 1.95. Autodesk has a one year low of $117.72 and a one year high of $178.95.
Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, May 23rd. The software company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). The business had revenue of $735.50 million during the quarter, compared to the consensus estimate of $740.14 million. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS. As a group, equities analysts predict that Autodesk will post 1.76 EPS for the current year.
In other news, SVP Fronzo Pascal W. Di sold 11,437 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $166.86, for a total value of $1,908,377.82. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Steven M. Blum sold 16,838 shares of the company’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $168.68, for a total value of $2,840,233.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,577 shares of company stock worth $9,509,716. 0.12% of the stock is owned by company insiders.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
Featured Story: How to interpret a stock’s beta number
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.