The Goldman Sachs Group Increases Yum China Price Target to $77.00

Yum China had its target price boosted by analysts at The Goldman Sachs Group from $74.00 to $77.00 in a research report issued on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 15.95% from the stock’s current price.

Several other brokerages have also recently issued reports on YUMC. Oppenheimer restated a “hold” rating on shares of Yum China in a report on Wednesday, April 28th. Atlantic Securities initiated coverage on Yum China in a research report on Tuesday, April 6th.

They issued an “overweight” rating and a $72.00 price target for the company. Finally, Royal Bank of Canada lifted their price target on Yum China from $112.00 to $123.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 29th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Yum China presently has an average rating of “Buy” and an average target price of $76.45.

Yum China (NYSE:YUMC) last released its quarterly earnings data on Monday, April 26th. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.38 billion.

Yum China had a net margin of 10.50% and a return on equity of 13.90%. The business’s revenue was up 45.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 earnings per share. As a group, equities research analysts forecast that Yum China will post 1.95 earnings per share for the current fiscal year.

In other news, insider Johnson Huang sold 6,342 shares of the stock in a transaction on Wednesday, May 26th. The stock was sold at an average price of $66.00, for a total transaction of $418,572.00. Following the transaction, the insider now owns 33,278 shares of the company’s stock, valued at approximately $2,196,348.

Yum China Company Profile

Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates through two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Little Sheep, Huang Ji Huang, COFFii & JOY, East Dawning, Taco Bell, and Lavazza brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, specialty coffee, simmer pot, and Italian coffee categories.

Source: MarketBeat