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.
A number of analysts gave price targets for NYMT. The highest price target was 6.5, implying a possible profit of 3.5 percent. The most pessimistic price target was 5, implying a possible loss of -20.38 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 3.57 percent. The average change in earnings estimates over the last 90 days 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.
Another thing investors often look at is the level of agreement among analysts' revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. 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, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies 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 price/earnings 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 stock has a market capitalization of $0.70461 billion. NYMT will post this quarters earnings in days, on 0000-00-00.