The Wendy’s Price Target Increased to $10.00 by Analysts at RBC Capital (WEN)
Equities research analysts at RBC Capital lifted their price target on shares of The Wendy’s (NYSE:WEN) from $8.50 to $10.00 in a research note issued to investors on Tuesday, AnalystRatings.NET reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective would suggest a potential upside of 11.36% from the company’s current price.
A number of other analysts have also recently weighed in on WEN. Analysts at UBS AG initiated coverage on shares of The Wendy’s in a research note to investors on Wednesday, January 8th. They set a “sell” rating on the stock. Separately, analysts at Janney Montgomery Scott downgraded shares of The Wendy’s from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 6th. They now have a $9.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Wendy’s in a research note to investors on Friday, January 3rd. They now have a $9.25 price target on the stock. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.70.
Shares of The Wendy’s (NYSE:WEN) opened at 8.98 on Tuesday. The Wendy’s has a 52 week low of $4.82 and a 52 week high of $9.51. The stock’s 50-day moving average is $8.5 and its 200-day moving average is $8.05. The company has a market cap of $3.517 billion and a P/E ratio of 88.84.
The Wendy’s (NYSE:WEN) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.02. The company had revenue of $640.80 million for the quarter, compared to the consensus estimate of $645.44 million. During the same quarter last year, the company posted $0.03 earnings per share. The Wendy’s's revenue was up .7% compared to the same quarter last year. On average, analysts predict that The Wendy’s will post $0.25 earnings per share for the current fiscal year.
The Wendy’s Company is a quick-service restaurant company in the hamburger sandwich segment. Wendy’s is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food.
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