Analyst Ratings for Sotheby's (BID)Updated: 2017-07-29
Shares of Sotheby's (NYSE:BID) have received a consensus rating of Overweight from Wall Street analysts. About 30 days ago, BID was issued an average rating of Overweight.
5 analysts issued ratings on the stock, where 3 gave BID a buy rating, 0 gave an overweight rating, 2 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 0 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.
Many analysts weighed in on price targets for BID. The maximum price target given was 62, which equates to a potential upside of 9 percent. The most pessimistic price target was 45, which equates to a potential downside of -20.89 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 downwards by an average of -0.33 percent. The average change in earnings estimates over the last 90 days is -5.23 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 8.87 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of BID to grow at a rate of 35.53 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. BID has a PEG ratio of 1.05.
BID has traded between a high of 57.95 and a low of 31.14 over the past year. Currently the stock is 82.66 percent higher than its low, and below the high by 1.85 percent. BID has a P/E ratio of 37.42. Investors typically compare the P/E ratio to a company's peers in the industry. The BID value stock report compares BID to some of its peers using value stock charts. The stock has a market capitalization of $3 billion. BID is estimated to release their earnings results for the quarter on 0000-00-00, days from today.