JPMorgan Chase & Co. Increases Yesway (NASDAQ:YSWY) Price Target to $27.00

Key Points

• JPMorgan raised Yesway’s price target from $25 to $27 while maintaining a neutral rating, implying approximately 9.67% upside from the reported $24.62 share price.
• Analyst sentiment is broadly positive but mixed: Yesway carries an average “Moderate Buy” rating and a consensus price target of $29.38, with targets ranging from $28 to $31 among recently initiating firms.
• Yesway reported quarterly revenue of $920.77 million, up 35.9% year over year, but earnings per share of $0.21 missed the $0.35 consensus estimate.

Yesway (NASDAQ:YSWY - Get Free Report) had its target price hoisted by research analysts at JPMorgan Chase & Co. from $25.00 to $27.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 9.67% from the stock's current price.

A number of other research firms also recently weighed in on YSWY. The Goldman Sachs Group assumed coverage on Yesway in a research note on Monday, May 18th. They set a "neutral" rating and a $28.00 price target for the company. Morgan Stanley began coverage on shares of Yesway in a report on Monday, May 18th. They set an "equal weight" rating and a $28.00 price target for the company. Wall Street Zen upgraded shares of Yesway to a "hold" rating in a research note on Saturday, April 25th. Zacks Research raised Yesway to a "hold" rating in a research report on Tuesday, May 19th. Finally, KeyCorp initiated coverage on Yesway in a report on Monday, May 18th. They set an "overweight" rating and a $31.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $29.38.

Yesway Trading Up 1.1%

Shares of YSWY stock traded up $0.27 on Friday, reaching $24.62. 121,762 shares of the company's stock traded hands, compared to its average volume of 475,653. The company has a 50 day moving average of $21.00. Yesway has a 12-month low of $18.92 and a 12-month high of $29.08.

Yesway (NASDAQ:YSWY - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.14). The business had revenue of $920.77 million during the quarter. The business's revenue was up 35.9% compared to the same quarter last year. On average, sell-side analysts predict that Yesway will post 1.22 EPS for the current year.

Hedge Funds Weigh In On Yesway

An institutional investor recently bought a new stake in Yesway stock. Bank of New York Mellon Corp purchased a new position in Yesway, Inc. (NASDAQ:YSWY - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 42,832 shares of the company's stock, valued at approximately $869,000. Bank of New York Mellon Corp owned about 0.07% of Yesway as of its most recent SEC filing.

About Yesway

Yesway, traded on NASDAQ under the ticker YSWY, is a U.S.-based convenience store and fuel retail company that operates retail locations under the Yesway brand. The company's core business is the operation of neighborhood convenience stores that provide quick-purchase retail items, on-site prepared foods, beverages and other convenience merchandise. Many locations also feature fuel dispensing, making Yesway a combined convenience and gasoline retailer for everyday consumers and motorists.

Yesway's stores focus on high-turnover product categories typical of the convenience-retail sector, including snacks, cold beverages, coffee, single-serve and prepared food offerings, and commonly purchased household items.

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