Yum! Brands Coverage Initiated at Credit Suisse (YUM)
Analysts at Credit Suisse began coverage on shares of Yum! Brands (NYSE:YUM) in a research report issued to clients and investors on Tuesday, AnalystRatings.NET reports. The firm set a “neutral” rating on the stock.
In other Yum! Brands news, CFO Patrick Grismer unloaded 1,753 shares of Yum! Brands stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $75.21, for a total transaction of $131,843.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital upgraded shares of Yum! Brands from an “outperform” rating to a “top pick” rating in a research note to investors on Tuesday. They now have a $87.00 price target on the stock, up previously from $85.00. Separately, analysts at Sanford C. Bernstein upgraded shares of Yum! Brands from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, December 16th. They now have a $85.00 price target on the stock, up previously from $75.00. Seventeen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $75.11.
Shares of Yum! Brands (NYSE:YUM) traded up 1.40% during mid-day trading on Tuesday, hitting $76.56. The stock had a trading volume of 3,615,147 shares. Yum! Brands has a 52-week low of $59.68 and a 52-week high of $78.68. The stock’s 50-day moving average is $74.60 and its 200-day moving average is $71.80. The company has a market cap of $34.094 billion and a price-to-earnings ratio of 31.63.
Yum! Brands (NYSE:YUM) last released its earnings data on Wednesday, October 9th. The company reported $0.85 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.93 by $0.08. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. Analysts expect that Yum! Brands will post $2.92 EPS for the current fiscal year.
Yum! Brands, Inc (NYSE:YUM) is a quick service restaurant company based on number of system units, with approximately 37,000 units in more than 120 countries and territories.
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