Sotheby’s Sets New 1-Year High at $52.21 (BID)
Sotheby’s (NYSE:BID) set a new 52-week high on Friday, AnalystRatingsNetwork reports. The company traded as high as $52.21 and last traded at $51.87, with a volume of 458,696 shares. The stock had previously closed at $51.44.
A number of analysts have recently weighed in on BID shares. Analysts at Craig Hallum reiterated a “hold” rating on shares of Sotheby’s in a research note to investors on Tuesday, September 24th. They now have a $38.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Sotheby’s from $49.00 to $54.00 in a research note to investors on Tuesday, September 24th. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Sotheby’s from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, September 24th. They now have a $55.00 price target on the stock, up previously from $45.00. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Sotheby’s currently has an average rating of “Hold” and a consensus target price of $47.53.
Sotheby’s has a 52 week low of $27.98 and a 52 week high of $52.21. The stock’s 50-day moving average is $48.76 and its 200-day moving average is $41.4. The company has a market cap of $3.547 billion and a P/E ratio of 34.52.
Sotheby’s (NYSE:BID) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.37 by $0.04. The company had revenue of $304.80 million for the quarter, compared to the consensus estimate of $318.14 million. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Analysts expect that Sotheby’s will post $1.80 EPS for the current fiscal year.
Sotheby’s is a global auctioneer of authenticated fine art, decorative art, and jewelry. The Company operates in three segments: Auction, Finance, and Dealer.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.