Yum China (YUMC) PT Set at $76.00 by Sanford C. Bernstein

Yum China (YUMC) PT Set at $76.00 by Sanford C. Bernstein

Yum China (NASDAQ:YUMC) has been assigned a $76.00 target price by stock analysts at Sanford C. Bernstein in a research report issued to clients and investors on Thursday. The firm presently has a “buy” rating on the stock. Sanford C. Bernstein’s target price points to a potential upside of 170.94% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Evercore ISI started coverage on shares of Yum China in a research note on Tuesday, November 1st. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of Yum China from a “hold” rating to a “sell” rating in a research note on Thursday, January 12th. CLSA started coverage on shares of Yum China in a research note on Monday, November 28th. They issued an “underperform” rating and a $30.00 price objective for the company. Oppenheimer Holdings, Inc. started coverage on shares of Yum China in a research note on Thursday, November 10th. They issued an “outperform” rating and a $33.00 price objective for the company. Finally, Morgan Stanley began coverage on shares of Yum China in a research note on Tuesday, November 1st. They issued an “overweight” rating and a $32.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Yum China currently has a consensus rating of “Hold” and a consensus price target of $40.26.

Shares of Yum China (NASDAQ:YUMC) opened at 28.05 on Thursday. The firm’s 50-day moving average price is $26.50 and its 200 day moving average price is $26.69. Yum China has a 1-year low of $23.79 and a 1-year high of $30.37. The company’s market capitalization is $10.75 billion.

An institutional investor recently bought a new position in Yum China stock. Russell Investments Group Ltd. acquired a new position in Yum China (NASDAQ:YUMC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,170,558 shares of the company’s stock, valued at approximately $30,426,000. Russell Investments Group Ltd. owned approximately 0.31% of Yum China as of its most recent SEC filing.

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