Goldman raised the price target for the Wendy’s Co (NASDAQ:WEN) stock to “a Sell”. The rating was released on June 13, 2024, according to finviz. The research report from Bernstein has downgraded the stock from Outperform to Mkt Perform, with a price target set at $20. The stock was downgraded by JP Morgan, who disclosed in a research note on February 21, 2024, from Overweight to Neutral and set the price objective to $19. In their research brief published January 16, 2024, Gordon Haskett analysts downgraded the Wendy’s Co stock from Buy to Hold with a price target of $21.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 3.17% within the last five trades and -1.80% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -14.75% in the last 6 months and -10.37% was subtracted to its value over the previous 3 months. WEN stock is trading at a margin of 0.69%, -6.62% and -10.25% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, WEN deals in the Consumer Cyclical domain. The stock is trading -24.43 percent below its 52-week high and 4.44 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -22.6. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Wendy’s Co’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 17.12 percent and the profit margin is 9.45 percent, and the company has reported a gross margin of 28.61 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $3.47 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Wendy’s Co (NASDAQ:WEN) is 17.20. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 15.51. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.59 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 11.84, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 8.82 percent of Wendy’s Co shares are owned by insiders, and 78.28 percent are held by financial institutions. Dolan Kristin A, the Director at Wendy’s Co (WEN) has sold 21,000 shares of firm on Jun 03 ’24 at a price of $17.39 against the total amount of $0.37 million. In another inside trade, Loredo Juan Carlos, Global Chief Marketing Officer of Wendy’s Co (NASDAQ:WEN) sold 44,806 shares of the firm on May 09 ’24 for a total worth of $0.87 million at a price of $19.50. An inside trade which took place on Mar 01 ’24, Director of Wendy’s Co GILBERT KENNETH W sold 4,500 shares of firm against total price of $81315.0 at the cost of $18.07 per share.
