Analyst Ratings for New York Mortgage Trust Inc. (NYMT)Updated: 2017-07-28
New York Mortgage Trust Inc. (NASDAQ:NYMT) was awarded an average rating of Hold from investment analysts following the stock. Last month, NYMT received an average rating of Hold.
Of the 7 analysts covering the stock, 2 gave it a buy rating, 0 issued an overweight rating, 4 gave a hold rating, 0 gave an underweight rating, and 1 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Investment analysts gave a few price targets for NYMT. The maximum price target given was 6.5, implying potential capital gains of 3.5 percent. The most pessimistic analyst gave a price target of 5, which equates to a potential downside of -20.38 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 3.57 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -6.46 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.85 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -8.53 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of NYMT's earnings is estimated by analysts to be 13.26 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. NYMT has a PEG ratio of 0.93.
NYMT has a 52-week high of 7.04 and a 52-week low of 5.65. Today's price is 11.15 percent above the 52-week low, and 10.8 percent lower than its 52-week high. NYMT has a P/E ratio of 12.3. Investors typically compare the P/E ratio to a company's peers in the industry. The NYMT value stock report compares NYMT to some of its peers using value stock charts. The market cap of NYMT is $0.70461 billion. NYMT's next earnings release will be on 0000-00-00, which is days away.