Brokerage Firm Rating Update on Wendys Company (The) (WEN)

Wendys Company (The) (WEN) : Zacks Investment Research ranks Wendys Company (The) (WEN) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.54, which indicates as a Hold.

Wendys Company (The) (WEN) : 8 Wall Street analysts covering Wendys Company (The) (WEN) believe that the average level the stock could reach for the short term is $11.19. The maximum price target given is $13 and the minimum target for short term is around $9, hence the standard deviation is calculated at $1.41.

Wendys

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Goldman Sachs maintains its ratings on Wendys Company (The) (NASDAQ:WEN). In the latest research report, Goldman Sachs lowers the target price from $12.5 per share to $11 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 11, 2016.

Wendys Company (The) (NASDAQ:WEN): The stock opened at $10.2 and touched an intraday high of $10.42 on Wednesday. During the day, the stock corrected to an intraday low of $10.15, however, the bulls stepped in and pushed the price higher to close in the green at $10.41 with a gain of 2.06% for the day. The total traded volume for the day was 4,730,020. The stock had closed at $10.2 in the previous trading session.

The Wendys Company is the parent company of its wholly owned subsidiary holding company Wendys Restaurants, LLC (Wendys Restaurants). Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States. Wendys is the quick-service restaurant company in the hamburger sandwich segment. Wendys is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food. Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States.

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