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, which equates to a potential upside of 16.89 percent. The lowest price target was 24.42, which equates to a potential downside of -5.39 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 upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 0 percent. Meanwhile, fiscal year estimates have been revised upwards by 3.86 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.8 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 2 analysts revised their FY earnings estimates upwards, 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. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of WBK is 1.1.

WBK has traded between a high of 27.05 and a low of 21.23 over the past year. Currently the stock is 21.57 percent higher than its low, and 4.58 percent lower than its 52-week high. 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 will post this quarters earnings in days, on 0000-00-00.