Yum! Brands Price Target Raised to $77.00 at Oppenheimer (YUM)
Equities research analysts at Oppenheimer raised their price target on shares of Yum! Brands (NYSE: YUM) from $70.00 to $77.00 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG reiterated a “buy” rating on shares of Yum! Brands in a research note to investors on Friday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Yum! Brands in a research note to investors on Thursday, March 7th. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Yum! Brands in a research note to investors on Wednesday, February 27th. They now have a $54.00 price target on the stock.
Eleven research analysts have rated the stock with a buy rating, two have assigned an overweight rating, thirteen have given a hold rating, and one has assigned a sell rating to the stock. Yum! Brands has a consensus rating of “overweight” and a consensus target price of $66.77.
Yum! Brands opened at 67.84 on Tuesday. Yum! Brands has a 1-year low of $59.68 and a 1-year high of $74.75. The stock’s 50-day moving average is currently $65.09. The company has a market cap of $30.577 billion and a price-to-earnings ratio of 20.07.
Yum! Brands last posted its quarterly earnings results on Monday, February 4th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts predict that Yum! Brands will post $3.08 earnings per share for the current fiscal year.
Yum! Brands, Inc. (YUM) is a quick service restaurant company based on number of system units, with approximately 37,000 units in more than 120 countries and territories.
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