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 most optimistic price target was 62, implying a possible profit of 9 percent. The most pessimistic analyst gave a price target of 45, implying a possible loss 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. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. 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. 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. 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.

The growth rate of BID's earnings is estimated by analysts to be 35.53 percent. 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. Many investors consider PEG ratios between 0 and 1 as preferrable, 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. 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 will post this quarters earnings in days, on 0000-00-00.