Citigroup analysts recently issued a revised “Buy” rating for Restaurant Brands International Inc. (NYSE: QSR). Along with this, the brokerage also increased their target price for the company to $74.00, as per their report on the company issued this Monday, January 4th. The new PT (price target) issued by the firm suggests a 21.09% potential up since Restaurant Brands International’s last close.
The company’s stocks traded at $61.11 this Monday. The company’ current market capitalization stands at $18.60 billion. It has a positive PE (price to earnings) ratio of 28.83 along with a beta value of 1.20 at the moment. The 12-monthly high to low ranges from $67.33 to $25.08. The 50SMA (Simple Moving Average) stands at $60.01 and its 200SMA stands at $56.86.
Restaurant Brands International Inc. (NYSE: QSR) Stock Analysis
The quarterly earnings report for the previous fiscal quarter was released by the company on the 1st of November. The earnings stood at $0.68 EPS for that quarter that topped the consensus estimate of $0.63 proposed by analysts of several brokerages.
The estimated revenue of the company was marked at $1.34 billion that matched its actual revenue of $1.34 billion for the quarter. Compared to last year’s metrics, the revenue had decreased by 8.3% in a y-o-y basis. The company’s return on equity also stands at 26.85% along with the net margin of 11.82%. During the corresponding quarter previous year, the firm’s EPS was $0.75. According to analyst’s reports, the company is likely to announce its FY2021 (Full Year 2021) EPS to be 2.11.
NYSE: QSR has recently been the subject of a lot of reports by equities analysts. Some such Stephens, TheStreet, Morgan Stanley, Robert W. Baird, Credit Suisse Group, and so on have posted reports on this firm over the last few months.
The recent consensus rating of QSR stocks stands at “Buy” and the consensus on the target price is $62.90. Several hedge funds have also been involved in buying and selling of this company’s shares recently.