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 most optimistic price target was 62, implying potential capital gains of 9 percent. The lowest price target was 45, implying potential capital losses of -20.89 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -0.33 percent. That number becomes -5.23 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 8.87 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 1 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY 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. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. 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. The PEG ratio of BID is 1.05.

In the trailing 52-weeks, BID hit 57.95 at the highest peak, while it's lowest trading point was 31.14. Today's price is 82.66 percent above the 52-week low, and 1.85 percent below the high. BID has a price/earnings 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's next earnings release will be on 0000-00-00, which is days away.