Yum China (NYSE:YUMC) Coverage Initiated by Analysts at Macquarie

Equities research analysts at Macquarie started coverage on shares of Yum China (NYSE:YUMC) in a report released on Wednesday, January 3rd. The brokerage set an “outperform” rating and a $55.00 price target on the stock. Macquarie’s target price would indicate a potential upside of 19.64% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Yum China from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $45.00 target price on shares of Yum China in a research report on Monday, October 9th. Nomura assumed coverage on shares of Yum China in a research report on Monday, October 9th. They issued a “buy” rating and a $51.60 target price on the stock. Instinet reaffirmed a “buy” rating and issued a $51.60 target price (up from $51.50) on shares of Yum China in a research report on Monday, October 9th. Finally, CIBC reaffirmed an “outperform” rating and issued a $45.00 target price (up from $43.00) on shares of Yum China in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. Yum China currently has an average rating of “Buy” and an average price target of $44.28.

Shares of Yum China (NYSE YUMC) opened at $45.97 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.42 and a debt-to-equity ratio of 0.01. The company has a market cap of $17,670.00 and a price-to-earnings ratio of 30.44. Yum China has a 1-year low of $25.53 and a 1-year high of $47.82.

Institutional investors and hedge funds have recently bought and sold shares of the business. San Francisco Sentry Investment Group CA bought a new position in Yum China during the 2nd quarter valued at about $157,000. Tower Research Capital LLC TRC bought a new position in Yum China during the 2nd quarter valued at about $176,000. Goelzer Investment Management Inc. bought a new position in Yum China during the 3rd quarter valued at about $201,000. Williams Jones & Associates LLC bought a new position in Yum China during the 2nd quarter valued at about $217,000. Finally, Fayez Sarofim & Co. bought a new position in Yum China during the 2nd quarter valued at about $218,000. Institutional investors and hedge funds own 80.07% of the company’s stock.

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Yum China Company Profile

Yum China Holdings, Inc is a restaurant company. The Company’s segments include KFC, Pizza Hut Casual Dining, and All Other Segments, including Pizza Hut Home Service, East Dawning, Little Sheep and Taco Bell. As of December 31, 2016, the Company had over 7,500 restaurants in China. Its restaurant base consists of various restaurant concepts.

Analyst Recommendations for Yum China (NYSE:YUMC)

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