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.

NYMT was given price targets by several analysts. The maximum price target given was 6.5, implying a possible profit of 3.5 percent. The most pessimistic analyst gave a price target of 5, implying a possible loss 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. That number becomes -6.46 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0.85 percent. 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. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

NYMT has an estimated earnings growth rate of 13.26 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. NYMT has a PEG ratio of 0.93.

In the trailing 52-weeks, NYMT hit 7.04 at the highest peak, while it's lowest trading point was 5.65. The current market price is above the trailing year's low by 11.15 percent, and 10.8 percent below the 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 will post this quarters earnings in days, on 0000-00-00.