What 10 Analyst Ratings Have To Say About Wendy's
Portfolio Pulse from Benzinga Insights
In the past three months, Wendy's (NASDAQ:WEN) received 10 analyst ratings, showing a mix of perspectives. The recent ratings indicate a shift towards a more cautious stance, with a notable decline in the average 12-month price target to $20.1, down 8.64% from the previous target. Analysts from firms like TD Cowen, Bernstein, and JP Morgan have adjusted their ratings and price targets, reflecting changes in market conditions and Wendy's performance. Wendy's, a leading burger QSR in the US, reported a revenue growth of 0.77% as of December 31, 2023, and outperforms in net margin and ROE but has a high debt-to-equity ratio.
April 10, 2024 | 4:00 pm
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NEUTRAL IMPACT
Wendy's received mixed analyst ratings, with a downward revision in the average 12-month price target to $20.1, indicating a cautious outlook. The company shows solid revenue growth and profitability but faces concerns over its high debt-to-equity ratio.
The mixed analyst ratings and the reduction in the average 12-month price target reflect a cautious but not outright negative sentiment towards Wendy's. The company's solid revenue growth and strong profitability metrics, such as net margin and ROE, suggest a positive outlook. However, the high debt-to-equity ratio could be a concern for investors, potentially limiting the stock's upside in the short term. The overall neutral score is due to these balancing factors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100