Analyst Rating Update on Wendys Company (The) (WEN)

Wendys Company (The) (WEN) : 4 brokerage houses believe that Wendys Company (The) (WEN) is a Strong Buy at current levels. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Wendys Company (The) (WEN). Zacks Investment Research suggests a Sell with a rank of 4. 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 Hold with a rating of 2.57.

Wendys Company (The) (WEN) : The most positive equity analysts on Wendys Company (The) (WEN) expects the shares to touch $13, whereas, the least positive believes that the stock will trade at $9 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $11.28 with an expected fluctuation of $1.35 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Nomura downgrades its ratings on Wendys Company (The) (NASDAQ:WEN). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 22, 2016.

Wendys

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 $9.45 and $9.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.50, notching a gain of 0.53% for the day. The total traded volume was 3,326,438 . The stock had closed at $9.45 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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