Yum! Brands Receives “Neutral” Rating from Zacks (YUM)
Yum! Brands (NYSE:YUM)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Tuesday. They currently have a $76.00 target price on the stock. Zacks‘s target price suggests a potential upside of 4.44% from the company’s current price.
Zacks’ analyst wrote, “Yum! Brands’ second-quarter 2014 earnings and revenues were in line with the Zacks Consensus Estimate. However, earnings were up 30% and revenues grew 10% year over year. The top line was primarily driven by strong comps in the China division, reflecting diminishing concerns related to food safety issues raised in late 2012. While the China division has started to show signs of improvement, it is still not out of the woods, given the economic slowdown in the nation. Also, a new food safety issue in China has put the company in trouble. However, the company has survived such threats in the past. We are also encouraged by the company’s efforts to capitalize on high-growth emerging markets. We maintain our Neutral recommendation on the stock.”
Shares of Yum! Brands (NYSE:YUM) traded up 0.36% on Tuesday, hitting $73.03. The stock had a trading volume of 2,079,714 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 $74.61 and a 200-day moving average of $75.97. The company has a market cap of $32.108 billion and a P/E ratio of 27.60.
Yum! Brands (NYSE:YUM) last announced its earnings results 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. On average, analysts predict that Yum! Brands will post $3.58 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on YUM. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Yum! Brands in a research note on Thursday, July 31st. They now have a $110.00 price target on the stock, down previously from $112.00. Separately, analysts at RBC Capital reiterated a “top pick” rating on shares of Yum! Brands in a research note on Thursday, July 31st. They now have a $85.00 price target on the stock, down previously from $94.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Yum! Brands in a research note on Thursday, July 31st. They now have a $78.00 price target on the stock, down previously from $90.00. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $80.41.
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.
To view Zacks’ full report, visit Zacks’ official website.
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