The shares of The Wendy’s Company (NASDAQ:WEN) has been pegged with a rating of Buy by Gordon Haskett in its latest research note that was published on October 19th, 2018. Gordon Haskett wasn’t the only research firm that published a report of The Wendy’s Company, with other equities research analysts also giving their opinion on the stock. KeyBanc Capital Mkts advised investors in its research note published on October 4th, 2018, to Sector Weight the WEN stock. The stock had earned Outperform rating from Telsey Advisory Group when it published its report on September 28th, 2018. That day the Telsey Advisory Group set price target on the stock to $21. The stock was given Buy rating by BTIG Research in its report released on September 25th, 2018, the day when the price target on the stock was placed at $20. Longbow was of a view that WEN is Buy in its latest report on March 8th, 2018. Barclays thinks that WEN is worth Overweight rating. This was contained in the firm’s report on February 22nd, 2018 in which the stock’s price target was also moved to $19.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 10 believe it has the potential for further growth, thus rating it as Hold while 8 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $19.48. The price of the stock the last time has raised by 17.91% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 47.90.
The shares of the company dipped by -2.62% during the trading session on Tuesday, reaching a low of $17.43 while ending the day at $17.45. During the trading session, a total of 2.8 million shares were traded which represents a 34.16% incline from the average session volume which is 4.26M shares. WEN had ended its last session trading at 17.92. The Wendy’s Company currently has a market cap of $4.16B, while its P/E ratio stands at 9.30, while its P/E earnings growth sits at 2.77, with a beta of 0.53. The Wendy’s Company debt-to-equity ratio currently stands at 3.56, while its quick ratio hovers at 2.50. WEN 52-week low price stands at $14.80 while its 52-week high price is $18.68.
The company in its last quarterly report recorded $0.17 earnings per share which is above the $0.15 predicted by most analysts. The The Wendy’s Company generated $400.55 million in revenue during the last quarter, which is slightly lower than the $405.36 million predicted by analysts. In the second quarter last year, the firm recorded $0.14 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 17.65%. The Wendy’s Company has the potential to record 1.88 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Gordon Haskett published a research note on November 19th, 2018 where it informed investors and clients that Nordstrom, Inc. (NYSE:JWN) is now rated as Hold. KeyBanc Capital Mkts also rated JWN as Initiated on October 4th, 2018, with its price target of $11 suggesting that JWN could surge by 15.47% from its current share price. Even though the stock has been trading at $53.15/share, analysts expect it to surge higher by -4.38% to reach $60.12/share. It started the day trading at $53.35 and traded between $50.37 and $50.82 throughout the trading session.
A look at its technical shows that JWN’s 50-day SMA is 59.70 while its 200-day SMA stands at 54.36. The stock has a high of $67.75 for the year while the low is $44.68. The company’s P/E ratio currently sits at 16.99, while the P/B ratio is 7.48. The company’s average trading volume currently stands at 2.66M shares, which means that the short-interest ratio is just 7.01 days. Over the past seven days, the company moved, with its shift of -4.10%. Looking further, the stock has dropped -21.61% over the past 90 days while it lost -1.97% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more JWN shares, increasing its portfolio by +1.48% during the last quarter. This move now sees The Vanguard Group Inc purchasing 179,362 shares in the last quarter, thus it now holds 12,277,065 shares of JWN, with a total valuation of $807,462,565. BlackRock Fund Advisors meanwhile bought more JWN shares in the recently filed quarter, changing its stake to $442,517,923 worth of shares. SSgA Funds Management Inc followed the path by increasing its JWN portfolio by +1.63% in the quarter. This means that SSgA Funds Management Inc bought 100,473 shares in the last quarter and now controls 6,271,828 shares of the JWN stock, with the valuation hitting $412,498,128.
Similarly, Standard Poors Investment Advi decreased its Nordstrom, Inc. shares by -3.25% during the recently filed quarter. After selling -186,704 shares in the last quarter, the firm now controls 5,556,230 shares of Nordstrom, Inc. which are valued at $365,433,247. In the same vein, JPMorgan Investment Management I increased its Nordstrom, Inc. shares by during the most recent reported quarter. The firm bought 38,927 shares during the quarter which increased its stakes to 5,327,867 shares and is now valued at $350,413,813. Following these latest developments, around 11.20% of Nordstrom, Inc. stocks are owned by institutional investors and hedge funds.