Shares of Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA – Get Free Report) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $13.82.
A number of research analysts have recently commented on the company. Weiss Ratings downgraded Chagee from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Wall Street Zen upgraded Chagee from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. CLSA began coverage on shares of Chagee in a report on Sunday, May 31st. They set a “hold” rating and a $10.00 price objective on the stock. Zacks Research upgraded shares of Chagee from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, The Goldman Sachs Group assumed coverage on shares of Chagee in a research report on Sunday, June 21st. They issued a “neutral” rating and a $13.60 price target on the stock.
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Chagee Stock Down 1.5%
CHA stock opened at $12.02 on Tuesday. Chagee has a twelve month low of $8.98 and a twelve month high of $17.70. The firm has a market capitalization of $2.21 billion, a PE ratio of 11.90 and a beta of 1.60. The stock’s 50 day moving average is $11.22 and its 200-day moving average is $10.95.
Chagee (NASDAQ:CHA – Get Free Report) last issued its quarterly earnings data on Friday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $502.59 million during the quarter. Chagee had a net margin of 10.23% and a return on equity of 16.43%. On average, equities research analysts anticipate that Chagee will post 1.31 earnings per share for the current fiscal year.
Chagee Company Profile
Chagee Holding Limited operates the CHAGEE beverage brand, which specializes in freshly prepared tea drinks inspired by traditional Chinese tea culture. Its menu includes tea-based milk beverages, fruit tea and other drinks made with tea leaves, milk and related ingredients. The company positions CHAGEE as a premium, modern tea brand serving customers through branded retail locations.
Founded in 2017, Chagee has expanded its store network primarily through mainland China, while also serving customers in Southeast Asia.
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