Luckin Coffee (OTCMKTS:LKNCY) Stock Rating Upgraded by Dbs Bank

Key Points

• Luckin Coffee has been upgraded to a "moderate buy" rating by Dbs Bank, highlighting a positive outlook from analysts.
• Despite this upgrade, Wall Street Zen recently downgraded the stock from "buy" to "hold," indicating mixed analyst sentiments.
• Luckin Coffee reported earnings of $0.64 per share, significantly surpassing analysts' expectations of $0.07, although its revenue of $1.72 billion fell short of the projected $1.82 billion.

Dbs Bank upgraded shares of Luckin Coffee (OTCMKTS:LKNCY - Free Report) to a moderate buy rating in a research note released on Thursday, August 14th,Zacks.com reports.

Separately, Wall Street Zen lowered shares of Luckin Coffee from a "buy" rating to a "hold" rating in a report on Friday, August 8th.

Luckin Coffee Stock Up 3.7%

LKNCY traded up $1.38 during midday trading on Thursday, hitting $38.37. 1,878,181 shares of the company traded hands, compared to its average volume of 2,277,927. The firm has a market capitalization of $10.88 billion, a PE ratio of 21.80 and a beta of -0.24. The company's 50-day moving average is $37.19 and its 200 day moving average is $33.64. Luckin Coffee has a 52 week low of $18.43 and a 52 week high of $40.00.

Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.57. The firm had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.82 billion. Luckin Coffee had a net margin of 9.59% and a return on equity of 36.80%.

Luckin Coffee Company Profile

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.