Wendys Rating Increased to Buy at Janney Montgomery Scott (WEN)

By admin | 6 years ago

Wendys (NYSE: WEN) was upgraded by investment analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a note issued to investors on Friday.

Wendys traded down 3.64% on Friday, hitting $4.50. Wendys has a 52-week low of $4.29 and a 52-week high of $5.62. The company has a market cap of $1.756 billion and a price-to-earnings ratio of 88.11.

Wendys last posted its quarterly earnings results on Tuesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.02. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Analysts expect that Wendys will post $0.05 EPS next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Wendys in a research note to investors on Tuesday, May 29th. They now have a $4.75 price target on the stock. Separately, analysts at UBS AG (NYSE: UBS) reiterated a “neutral” rating on shares of Wendys in a research note to investors on Wednesday, May 9th. Finally, analysts at Wedbush cut their price target on shares of Wendys from $5.25 to $5.00 in a research note to investors on Wednesday, May 9th. They now have a “neutral” rating on the stock.

The Wendy’s Company is a quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company restaurants in the United States and 27 other countries and the United States territories worldwide.

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