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.

Many analysts weighed in on price targets for WBK. The maximum price target given was 30.17, which equates to a potential upside of 16.89 percent. The minimum price target given was 24.42, implying a possible loss of -5.39 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

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. On the other hand, earnings estimates for the fiscal year have been revised upwards by 3.86 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.8 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

WBK has an estimated earnings growth rate of 13.99 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. WBK has a PEG ratio of 1.1.

WBK has traded between a high of 27.05 and a low of 21.23 over the past year. Today's price is 21.57 percent above the 52-week low, and below the high by 4.58 percent. WBK has a P/E 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's next earnings release will be on 0000-00-00, which is days away.