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.
A number of analysts gave price targets for BID. The highest price target was 62, implying a possible profit of 9 percent. The most pessimistic price target was 45, implying potential capital losses of -20.89 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -0.33 percent on average, compared to last month. That number becomes -5.23 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 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 8.87 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 1 analysts that decreased their estimates. 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. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies 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. The current market price is above the trailing year's low by 82.66 percent, and 1.85 percent lower than its 52-week high. 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 market cap of BID is $3 billion. BID is estimated to release their earnings results for the quarter on 0000-00-00, days from today.