Luckin Coffee (OTCMKTS:LKNCY) Upgraded at Zacks Research

Zacks Research upgraded shares of Luckin Coffee (OTCMKTS:LKNCY) to a hold rating in a report published on Thursday morning,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen cut 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 report on Thursday, August 14th. Finally, Macquarie set a $52.00 price target on shares of Luckin Coffee in a report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Luckin Coffee Stock Up 2.9%

OTCMKTS:LKNCY opened at $37.00 on Thursday. Luckin Coffee has a fifty-two week low of $21.03 and a fifty-two week high of $43.64. The firm’s 50 day moving average is $39.21 and its two-hundred day moving average is $37.13. The company has a market cap of $10.50 billion, a P/E ratio of 21.02 and a beta of -0.29.

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

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.