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.

WBK was given price targets by several analysts. The maximum price target given was 30.17, implying potential capital gains of 16.89 percent. The lowest price target was 24.42, which equates to a potential downside of -5.39 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is 0 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 3.86 percent. If we look at the last 90 days instead, we find a net average change of 0.8 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of WBK to grow at a rate of 13.99 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. WBK has a PEG ratio of 1.1.

WBK has a 52-week high of 27.05 and a 52-week low of 21.23. Currently the stock is 21.57 percent higher than its low, 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 stock has a market capitalization of $87.51 billion. WBK is estimated to release their earnings results for the quarter on 0000-00-00, days from today.