Yum! Brands’s “Neutral” Rating Reaffirmed at JPMorgan Chase & Co. (YUM)
Yum! Brands (NYSE:YUM)‘s stock had its “neutral” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday. They currently have a $81.00 price target on the stock, up from their previous price target of $80.00. JPMorgan Chase & Co.’s price objective indicates a potential downside of 2.07% from the stock’s previous close.
Shares of Yum! Brands (NYSE:YUM) traded down 6.78% during mid-day trading on Thursday, hitting $77.10. The stock had a trading volume of 11,700,402 shares. Yum! Brands has a 52 week low of $64.08 and a 52 week high of $83.58. The stock has a 50-day moving average of $80.37 and a 200-day moving average of $75.9. The company has a market cap of $34.030 billion and a P/E ratio of 32.99. Yum! Brands also was the target of some unusual options trading on Wednesday. Stock traders acquired 15,900 put options on the stock. This represents an increase of approximately 856% compared to the typical volume of 1,663 put options.
Yum! Brands (NYSE:YUM) last released its earnings data on Wednesday, July 16th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.01. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter last year, the company posted $0.56 earnings per share. Yum! Brands’s revenue was up 10.3% compared to the same quarter last year. Analysts expect that Yum! Brands will post $3.73 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Telsey Advisory Group reiterated a “” rating on shares of Yum! Brands in a research note on Thursday. They now have a $90.00 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of Yum! Brands from $66.00 to $83.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Yum! Brands from $89.00 to $100.00 in a research note on Tuesday, July 8th. They now have an “outperform” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $82.12.
YUM! Brands, Inc (NYSE:YUM) is a quick service restaurant company based on number of system units, with over 39,000 units in more than 125 countries and territories.
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