Nomura Sticks to Their Buy Rating for Yum China Holdings (YUMC)
In a report released on February 5, Jizhou Dong from Nomura maintained a Buy rating on Yum China Holdings, with a price target of HK$459.00. The company’s shares closed yesterday at $55.67.
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According to TipRanks, Dong is ranked #2696 out of 11984 analysts.
Currently, the analyst consensus on Yum China Holdings is a Strong Buy with an average price target of HK$468.36, a 741.31% upside from current levels. In a report released on February 5, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $60.00 price target.
Based on Yum China Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.82 billion and a net profit of $140 million. In comparison, last year the company earned a revenue of $2.6 billion and had a net profit of $115 million
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of YUMC in relation to earlier this year. Earlier this month, Jerry DING, the CPO of YUMC sold 3,000.00 shares for a total of $165,420.00.
