Short Term Price Target on Wendys Company (The) (WEN)

Wendys Company (The) (NASDAQ:WEN) : Average target price received by Wendys Company (The) (NASDAQ: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.

The Wendys Company has lost 2.73% in the last five trading days and dropped 5.59% in the last 4 weeks. The Wendys Company has dropped 11.95% during the last 3-month period . Year-to-Date the stock performance stands at -9.58%. Also, Brokerage firm Nomura downgrades its rating on Wendys Company (The) (NASDAQ:WEN). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 22, 2016.

Wendys Company (The) (NASDAQ:WEN) : 4 brokerage houses believe that Wendys Company (The) (NASDAQ:WEN) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Wendys Company (The) (NASDAQ:WEN). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 2.5.

Wendys Company (The) (NASDAQ:WEN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.46 and $9.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.62, notching a gain of 1.58% for the day. The total traded volume was 3,467,175 . The stock had closed at $9.47 on the previous day.

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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