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.

Investment analysts gave a few price targets for WBK. The most optimistic analyst gave a price target of 30.17, implying potential capital gains of 16.89 percent. The most pessimistic price target was 24.42, which equates to a potential downside of -5.39 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. 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.

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, which can be compared to the 0 analysts that decreased their estimates. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of WBK to grow at a rate of 13.99 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. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of WBK is 1.1.

In the last 52-weeks, WBK has achieved a high of 27.05 and a low of 21.23. Today's price is 21.57 percent above the 52-week low, and 4.58 percent below the 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.