In a report issued on February 28, Alex Maroccia from Berenberg Bank maintained a Hold rating on Sothebys (BID), with a price target of $39. The company’s shares opened today at $43.08.
According to TipRanks.com, Maroccia is ranked #3006 out of 5233 analysts.
Currently, the analyst consensus on Sothebys is a Hold with an average price target of $41.50.
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Based on Sothebys’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $85.71 million. In comparison, last year the company had a net profit of $75.59 million.
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Sotheby’s operates as an art auction house. It operates through the following segments: Agency, SFS, and All Other. The Agency segment accepts property on consignment, and match sellers to buyers through the auction of private sale process.
