Luckin Coffee (OTCMKTS:LKNCY) Rating Increased to Hold at Zacks Research

Luckin Coffee (OTCMKTS:LKNCY) was upgraded by equities researchers at Zacks Research to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other research firms have also recently weighed in on LKNCY. Wall Street Zen cut shares of Luckin Coffee from a “buy” rating to a “hold” rating in a research note on Friday, August 8th. Macquarie set a $52.00 price objective on Luckin Coffee in a research report on Friday, September 5th. Finally, Dbs Bank raised Luckin Coffee to a “moderate buy” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Luckin Coffee presently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Luckin Coffee Trading Up 2.9%

Shares of LKNCY opened at $37.00 on Thursday. The business’s 50 day moving average is $39.21 and its 200 day moving average is $37.10. Luckin Coffee has a 12-month low of $21.03 and a 12-month high of $43.64. The company has a market capitalization of $10.50 billion, a PE ratio of 21.02 and a beta of -0.29.

Luckin Coffee (OTCMKTS:LKNCY) last announced its quarterly earnings data on Monday, November 17th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Luckin Coffee had a net margin of 9.59% and a return on equity of 36.80%.

About Luckin Coffee

Luckin Coffee Inc offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers hot and iced freshly brewed coffee, such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha, as well as specialty coffee based on market and seasonal trends; coconut milk latte products; tea drinks; pre-made beverages; and pre-made food items, such as pastries, sandwiches, and snacks.