Analyst Ratings for Westpac Banking Corp. ADR (WBK)

Updated: 2017-07-28

Shares of Westpac Banking Corp. ADR (NYSE:WBK) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for WBK last month.

15 analysts issued ratings on the stock, where 8 gave WBK a buy rating, 1 issued an overweight rating, 6 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 4 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has decreased by 2.

A number of analysts gave price targets for WBK. The most optimistic price target was 30.17, implying a possible profit of 16.89 percent. The minimum price target given was 24.42, which equates to a potential downside of -5.39 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Meanwhile, fiscal year estimates have been revised upwards by 3.86 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 0.8 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, while 0 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

The growth rate of WBK's earnings is estimated by analysts to be 13.99 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, 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. WBK has a PEG ratio of 1.1.

In the trailing 52-weeks, WBK hit 27.05 at the highest peak, while it's lowest trading point was 21.23. The current market price is above the trailing year's low by 21.57 percent, and below the high by 4.58 percent. WBK has a price/earnings ratio of 15.4. Investors typically compare the P/E ratio to a company's peers in the industry. The WBK value stock report compares WBK to some of its peers using value stock charts. The market cap of WBK is $87.51 billion. WBK is estimated to release their earnings results for the quarter on 0000-00-00, days from today.