Cowen & Co. Believes Yum! Brands (YUM) Won’t Stop Here
Cowen & Co. analyst Andrew Charles maintained a Buy rating on Yum! Brands (YUM) yesterday and set a price target of $100. The company’s shares closed yesterday at $92.22, close to its 52-week high of $92.45.
According to TipRanks.com, Charles is a 5-star analyst with an average return of 14.0% and a 67.7% success rate. Charles covers the Services sector, focusing on stocks such as Jack In The Box Inc, McDonald’s Corp, and Starbucks Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Yum! Brands with a $95.18 average price target, a 3.2% upside from current levels. In a report issued on November 15, RBC Capital also maintained a Buy rating on the stock with a $98 price target.
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Yum! Brands’ market cap is currently $28.86B and has a P/E ratio of 18.83. The company has a Price to Book ratio of -3.87.
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Yum! Brands, Inc. is a quick service restaurant company, which engages in the development, operation, franchise, and licenses a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, and Taco Bell Division. The KFC Division segment comprises of all operations of the KFC concept.