Luckin Coffee (OTCMKTS:LKNCY) Upgraded at Macquarie

Macquarie upgraded shares of Luckin Coffee (OTCMKTS:LKNCY) to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

A number of other research firms also recently commented on LKNCY. Dbs Bank raised Luckin Coffee to a “moderate buy” rating in a report on Thursday, August 14th. Wall Street Zen downgraded Luckin Coffee from a “buy” rating to a “hold” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Luckin Coffee currently has a consensus rating of “Strong Buy”.

Luckin Coffee Stock Down 1.5%

Shares of OTCMKTS LKNCY opened at $36.50 on Thursday. Luckin Coffee has a fifty-two week low of $18.43 and a fifty-two week high of $40.00. The business has a 50 day moving average price of $37.69 and a two-hundred day moving average price of $34.31. The firm has a market cap of $10.35 billion, a PE ratio of 20.74 and a beta of -0.36.

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

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.