Yum! Brands Price Target Cut to $75.00 (YUM)
Stock analysts at Telsey Advisory Group reduced their target price on shares of Yum! Brands (NYSE:YUM) from $85.00 to $75.00 in a report issued on Thursday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price points to a potential upside of 2.74% from the company’s current price.
Shares of Yum! Brands (NYSE:YUM) opened at 68.36 on Thursday. 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 $79.4 and a 200-day moving average of $75.85. The company has a market cap of $30.054 billion and a P/E ratio of 27.68.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts predict that Yum! Brands will post $3.67 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Yum! Brands in a research note on Monday. They now have a $79.00 price target on the stock, down previously from $85.00. Separately, analysts at Robert W. Baird cut their price target on shares of Yum! Brands from $87.00 to $84.00 in a research note on Monday, July 21st. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Yum! Brands in a research note on Friday, July 18th. They now have a $81.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Yum! Brands currently has an average rating of “Hold” and an average target price of $80.76.
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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