Economy

Credit Suisse Upgrades Rating Raises Price Target On Restaurant Brands International (QSR)

The ERP5 of Restaurant Brands International Limited Partnership (TSX:QSP.UN) is 17173. The Goldman Sachs Group, Inc. has 5 buy ratings, 16 holds and 1 sells even after the stock tumbled -5.59% from its high of $ 255.15 to a $93.2 billion market value through last close. Nomura initiated coverage on Restaurant Brands International in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company now has an average rating of Buy and a consensus price target of $69.06. Over the last three months, the shares of the company have changed -3.54% and performed -0.27% over the last six months. Typically, the higher the current ratio the better, as the company may be more capable of paying back its obligations. Restaurant Brands International has a one year low of $29.28 and a one year high of $49.12. The stock closing price is now trading downward to its 50 day moving average with change of -2.94%, tumbled to its 20 day moving average with figure of -3.12% and behind its 200 day moving average with value -0.72%.

Shares of Restaurant Brands International (QSR) opened at 83.58 on Monday. The restaurant operator reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.09. The Volatility was noted at 1.61% in recent month and it observed Weekly Volatility of 2.53%. The Volatility 12m of Restaurant Brands International Limited Partnership (TSX:QSP.UN) is 20.623. The firm's quarterly revenue was up 12.4% on a year-over-year basis. Next quarter's EPS is forecasted at $0.55 and the next full year EPS is anticipated to be $2.63. On average, equities research analysts expect that Restaurant Brands International will post $1.94 earnings per share for the current fiscal year. The Return on Assets for Restaurant Brands International Limited Partnership (TSX:QSP.UN) is 0.03582. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of USA & global trademark & copyright legislation. The correct version of this piece of content can be accessed at https://weekherald.com/2017/10/31/oppenheimer-holdings-inc-raises-restaurant-brands-international-inc-qsr-price-target-to-75-00.html. The company serves as the sole general partner of Restaurant Brands International Limited Partnership. The consensus recommendation for stock is 2.80. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued. Additionally Restaurant Brands International recently declared a dividend that will be paid on Wednesday the 3rd of January 2018. Shareholders of record on Friday, December 15th will be paid a $0.262 dividend. The ex-dividend date will be Thursday the 14th of September 2017. The ERP5 of Restaurant Brands International Limited Partnership (TSX:QSP.UN) is 17173. Restaurant Brands International's dividend payout ratio is presently 55.17%.

In other Restaurant Brands International news, Director Motta Roberto Moses Thompson purchased 22,000 shares of the business's stock in a transaction that occurred on Thursday, September 8th. The stock was acquired at an average cost of C$77.50 per share, for a total transaction of C$155,000.00. Breaking down insider in the United States, the Securities and Exchange Commission makes rules concerning insider trading. Also, Director Ali Hedayat purchased 5,000 shares of the stock in a transaction on Friday, August 4th. The disclosure for this sale can be found here.

Hedge funds have recently modified their holdings of the business. The SMA 50/200 for Restaurant Brands International Limited Partnership (TSX:QSP.UN) is now 1.14784. The share last price represents downtick move of -4.92% in value from company's 52-Week high price and shows 15.92% above change in value from its 52-Week low price. The Beta for the stock stands at 1.00. Tower Research Capital LLC TRC boosted its position in Restaurant Brands International by 82.7% during the second quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the restaurant operator's stock worth $135,000 after purchasing an additional 200 shares during the last quarter.

While, the institutional ownership of Restaurant Brands International Inc. As of December 31, 2016, Restaurant Brands International Inc. owned or franchised a total of 4,613 Tim Hortons restaurants and 15,738 Burger King restaurants in approximately 100 countries and US territories worldwide. It operates through two segments, Tim Hortons and Burger King.



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