Chipotle Mexican Grill’s “Buy” Rating Reaffirmed at TheStreet (CMG)
http://www.americanbankingnews.com/getthestreet reiterated their buy rating on shares of Chipotle Mexican Grill (NYSE: CMG) in a research note issued to investors on Wednesday.
“Chipotle Mexican Grill (CMG) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
,” the firm’s analyst commented.
CMG has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a neutral rating on shares of Chipotle Mexican Grill in a research note to investors on Thursday, February 7th. They now have a $339.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Chipotle Mexican Grill from $290.00 to $310.00 in a research note to investors on Wednesday, February 6th. They now have an in-line rating on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of Chipotle Mexican Grill to $375.00 in a research note to investors on Wednesday, February 6th.
Five investment analysts have rated the stock with a buy rating, three have issued an overweight rating, seventeen have assigned a hold rating, one has assigned an underweight rating, and two have issued a sell rating to the company’s stock. The stock presently has an average rating of hold and a consensus price target of $334.45.
Chipotle Mexican Grill opened at 327.50 on Wednesday. Chipotle Mexican Grill has a 1-year low of $233.82 and a 1-year high of $442.40. The stock’s 50-day moving average is currently $312.5. The company has a market cap of $10.163 billion and a price-to-earnings ratio of 37.43.
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