Headlines about Sothebys (NYSE:BID) have trended positive recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Sothebys earned a coverage optimism score of 2.45 on their scale. InfoTrie also gave news articles about the specialty retailer an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Sothebys’ analysis:
- Never-Before-Seen Photos from the Making of ‘2001: A Space Odyssey’ Now Up for Auction (ca.news.yahoo.com)
- Billionaire Lawrence Stroll seeks big stake in Aston Martin: report (channelnewsasia.com)
- 10 Car Auctions That Shocked Us In 2019 (ca.news.yahoo.com)
- Video: Pagani Zonda tops sales at Sotheby’s F1 auction in Abu Dhabi (arabianbusiness.com)
- Sotheby’s F1 auction in Abu Dhabi generates sales of $31.3m (arabianbusiness.com)
Several research firms have commented on BID. Evercore ISI reaffirmed a “hold” rating and issued a $57.00 price target on shares of Sothebys in a report on Thursday, August 8th. ValuEngine cut Sothebys from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $56.00.
Sotheby's operates as an auctioneer of authenticated fine art, decorative art, jewelry, wine, and collectibles in the United States, the United Kingdom, Hong Kong, China, Switzerland, France, and internationally. The company operates in two segments, Agency and Finance. The Agency segment accepts property on consignment; and matches sellers to buyers through the auction or private sale process.
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