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Sothebys (NYSE:BID) was upgraded by investment analysts at TheStreet to a “buy” rating in a note issued to investors on Tuesday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Sothebys in a research note on Monday. They now have a $47.00 price target on the stock, down previously from $55.00. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Sothebys in a research note on Friday. Finally, analysts at Zacks upgraded shares of Sothebys from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $40.80 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $48.54.

Sothebys (NYSE:BID) traded down 0.72% during mid-day trading on Tuesday, hitting $37.32. 725,378 shares of the company’s stock traded hands. Sothebys has a one year low of $35.68 and a one year high of $54.00. The stock has a 50-day moving average of $40.09 and a 200-day moving average of $42.55. The company has a market cap of $2.575 billion and a P/E ratio of 19.88.

Sothebys (NYSE:BID) last announced its earnings results on Friday, August 8th. The company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by $0.17. The company had revenue of $335.82 million for the quarter, compared to the consensus estimate of $345.63 million. During the same quarter in the previous year, the company posted $1.33 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that Sothebys will post $2.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, August 28th.

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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