Wendys Company (The) (WEN) : 14 analysts are covering Wendys Company (The) (WEN) and their average rating on the stock is 2.5, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Wendys Company (The) (WEN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Wendys Company (The) (WEN) : Average target price received by Wendys Company (The) (WEN) is $11.28 with an expected standard deviation of $1.35. The most aggressive target on the stock is $13, whereas the most downbeat target is $9. 9 financial analysts are currently covering the stock.
Wendys Company (The) (NASDAQ:WEN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.50 and $9.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.63, notching a gain of 0.52% for the day. The total traded volume was 3,795,234 . The stock had closed at $9.58 on the previous day.
Also, Equity analysts at the Brokerage firm Nomura downgrades its rating on Wendys Company (The) (NASDAQ:WEN). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 22, 2016. The company shares have dropped -8.67% from its 1 Year high price. On May 5, 2016, the shares registered one year high at $11.71 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $10.00 and the 200 Day Moving Average price is recorded at $10.23.
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.