Credit Suisse Sticks to Their Hold Rating for Wendy's
Credit Suisse (SIX:CSGN) analyst Lauren Silberman maintained a Hold rating on Wendy's (NASDAQ:WEN) on Thursday, setting a price target of $21, which is approximately 11.64% above the present share price of $18.81.
Silberman expects Wendy's to post earnings per share (EPS) of $0.12 for the second quarter of 2020.
The current consensus among 23 TipRanks analysts is for a Moderate Buy rating of shares in Wendy's, with an average price target of $20.62.
The analysts price targets range from a high of $24 to a low of $12.
In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $427.19 million and a net profit of $54.11 million. The company's market cap is $4.5 billion.
According to TipRanks.com, Credit Suisse analyst Lauren Silberman is a 3-star analyst with an average return of 1.3% and a 52.6% success rate.
The Wendy's Co. engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts and kid's meals. The company was founded by R. David Thomas on November 15, 1969 and is headquartered in Dublin, OH.
