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Stock analysts at Barrington Research began coverage on shares of Sothebys (NYSE:BID) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Sothebys from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 24th. They now have a $38.20 price target on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of Sothebys in a research note on Wednesday, June 11th. They set a “neutral” rating and a $45.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Sothebys from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $48.31.

Sothebys (NYSE:BID) opened at 41.99 on Tuesday. Sothebys has a 52 week low of $37.89 and a 52 week high of $54.00. The stock’s 50-day moving average is $39.87 and its 200-day moving average is $44.9. The company has a market cap of $2.895 billion and a P/E ratio of 19.70.

Sothebys (NYSE:BID) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.09) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.17) by $0.08. The company had revenue of $156.81 million for the quarter, compared to the consensus estimate of $129.39 million. During the same quarter in the prior year, the company posted ($0.33) earnings per share. The company’s quarterly revenue was up 54.1% on a year-over-year basis. Analysts expect that Sothebys will post $2.29 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.

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