Wendys Co (NASDAQ:WEN) has been downgraded to Neutral in a report by Guggenheim today.
- Updated: December 1, 2016
Guggenheim has downgraded Wendys Co (NASDAQ:WEN) to Neutral in a report released on 12/01/2016.
Previously on 11/30/2016, Vetr Inc. reported on Wendys Co (NASDAQ:WEN) raised the target price from $0.00 to $14.24. At the time, this indicated a possible upside of 0.12%.
Yesterday Wendys Co (NASDAQ:WEN) traded -2.41% lower at $12.72. The company’s 50-day moving average is $11.32 and its 200-day moving average is $10.41. The last closing price is up 20.75% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 3,822,700
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Wendys Co has a 52 week low of $8.89 and a 52 week high of $13.16 with a P/E ratio of 18.27 The company’s market cap is currently $0.
In addition to Guggenheim reporting its target price, a total of 17 brokers have issued a report on the stock. The consensus target price is $11.65 with 4 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 10 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Company Details For Wendys Co (NASDAQ:WEN)
The Wendy's Company is the parent company of its subsidiary holding company Wendy's Restaurants, LLC (Wendy's Restaurants). Wendy's Restaurants is the parent company of Wendy's International, LLC (Wendy's), which is the owner and franchisor of the Wendy's restaurant system in the United States. Wendy's is the restaurant company specializing in the hamburger sandwich segment. Wendy's is engaged in the business of operating, developing and franchising a system of restaurants serving food. The Company operates approximately 6,080 Wendy's restaurants in North America. Of these restaurants, over 630 are operated by Wendy's and over 5,440 by approximately 390 franchisees. It also operates approximately 400 franchised Wendy's restaurants in over 30 countries and territories other than North America. Wendy's is also a partner in a Canadian restaurant real estate joint venture with a subsidiary of Restaurant Brands International Inc., a restaurant company that owns the Tim Hortons brand.
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