Westpac (NYSE:WBK) reached a new 52-week high and low during trading on Thursday . The stock traded as low as $21.13 and last traded at $21.20, with a volume of 279125 shares. The stock had previously closed at $21.97.

Several equities research analysts have recently commented on the company. UBS cut Westpac from a “neutral” rating to a “sell” rating in a research note on Thursday. ValuEngine cut Westpac from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research cut Westpac from a “hold” rating to a “sell” rating in a research report on Wednesday, March 21st. Bank of America cut Westpac from a “buy” rating to an “underperform” rating in a research report on Wednesday, March 7th. Finally, Morgan Stanley lowered Westpac from an “overweight” rating to an “equal weight” rating in a report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Westpac has a consensus rating of “Hold” and an average price target of $28.00.

The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.74.

Large investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its stake in Westpac by 13.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 101,814 shares of the bank’s stock worth $2,566,000 after buying an additional 11,825 shares during the last quarter. M&T Bank Corp boosted its stake in Westpac by 25.5% in the 4th quarter. M&T Bank Corp now owns 67,846 shares of the bank’s stock worth $1,655,000 after buying an additional 13,796 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Westpac by 8.4% in the 3rd quarter. Wells Fargo & Company MN now owns 76,620 shares of the bank’s stock worth $1,933,000 after buying an additional 5,947 shares during the last quarter. Martin Capital Partners LLC purchased a new position in shares of Westpac in the 4th quarter worth about $2,682,000. Finally, Lake Street Advisors Group LLC purchased a new position in shares of Westpac in the 4th quarter worth about $247,000. 0.59% of the stock is currently owned by hedge funds and other institutional investors.

About Westpac

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, community solutions one, not-for-profit savings, and foreign currency accounts; term, tailor-made, and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, and insurance premium financing services.

Receive News & Ratings for Westpac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westpac and related companies with MarketBeat.com's FREE daily email newsletter.