Macquarie started coverage on shares of Luckin Coffee (OTCMKTS:LKNCY - Free Report) in a report released on Thursday, September 4th, Marketbeat.com reports. The brokerage issued an outperform rating on the stock.
LKNCY has been the subject of several other research reports. Wall Street Zen cut shares of Luckin Coffee from a "buy" rating to a "hold" rating in a research note on Friday, August 8th. Dbs Bank upgraded shares of Luckin Coffee to a "moderate buy" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Luckin Coffee has an average rating of "Buy" and a consensus price target of $52.00.
Check Out Our Latest Stock Report on LKNCY
Luckin Coffee Stock Performance
Luckin Coffee stock traded up $0.65 during midday trading on Thursday, hitting $37.65. 757,542 shares of the company's stock were exchanged, compared to its average volume of 2,196,262. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 21.39 and a beta of -0.36. The firm's 50 day simple moving average is $37.61 and its 200 day simple moving average is $34.42. Luckin Coffee has a 12-month low of $18.43 and a 12-month high of $40.00.
Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.57. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.82 billion. Luckin Coffee had a net margin of 9.59% and a return on equity of 36.80%.
About Luckin Coffee
(
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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.
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