Domino’s Pizza Coverage Initiated by Analysts at KeyCorp (DPZ)
KeyCorp initiated coverage on shares of Domino’s Pizza (NYSE:DPZ) in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $70.00 price target on the stock. KeyCorp’s price target suggests a potential upside of 13.67% from the company’s current price. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note to investors on Tuesday, September 3rd. They now have a $65.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Domino’s Pizza (NYSE:DPZ) from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 2nd. Finally, analysts at Argus raised their price target on shares of Domino’s Pizza (NYSE:DPZ) from $64.00 to $72.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock.
Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $59.80.
Shares of Domino’s Pizza (NYSE:DPZ) traded up 2.06% during mid-day trading on Monday, hitting $62.85. 652,522 shares of the company’s stock traded hands. Domino’s Pizza has a 52 week low of $33.67 and a 52 week high of $64.70. The stock’s 50-day moving average is $62.13 and its 200-day moving average is $56.64. The company has a market cap of $3.498 billion and a P/E ratio of 27.22.
Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Tuesday, July 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $414.00 million for the quarter, compared to the consensus estimate of $405.06 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that Domino’s Pizza will post $2.44 EPS for the current fiscal year.
Domino’s Pizza, Inc (NYSE:DPZ) is a pizza delivery company in the United States.
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