Somewhat Favorable News Coverage Somewhat Unlikely to Impact Cowen (NASDAQ:COWN) Share Price
Press coverage about Cowen (NASDAQ:COWN) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing 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. Cowen earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.9939357431671 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
COWN has been the subject of several analyst reports. BidaskClub downgraded Cowen from a “sell” rating to a “strong sell” rating in a report on Thursday, December 7th. Nomura raised Cowen from a “neutral” rating to a “buy” rating and upped their target price for the company from $13.00 to $16.00 in a report on Friday, February 16th.
Shares of Cowen (NASDAQ:COWN) opened at $13.75 on Friday. The stock has a market capitalization of $407.00, a PE ratio of -6.31 and a beta of 1.26. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.04 and a quick ratio of 1.04. Cowen has a one year low of $11.63 and a one year high of $18.25.
Cowen declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 15th that permits the company to repurchase $23.60 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
Cowen Company Profile
Cowen Inc, formerly Cowen Group, Inc, is a financial services company. The Company provides alternative investment management, investment banking, research, sales and trading, and prime brokerage services. It operates through two segments: alternative investment and broker-dealer. The alternative investment segment includes private equity structures, registered investment companies and listed investment vehicles.
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