Restaurant Brands International (NYSE:QSR) Target Raised by Morgan Stanley to $62.00

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Restaurant Brands International stock has undergone multiple analysts rating changes in the recent past.  Restaurant Brands International stock Target Raised by   Morgan Stanley on 6/30/2020. In a note to investors, the firm issued a new target price of $62.00. The analysts previously had $60.00 target price. Morgan Stanley’s price target would indicate a potential upside of 12.22% from the stock’s previous close.

Shares of Restaurant Brands International traded down -$0.53 on Tuesday, reaching $54.72. 813255 shares of the stock traded hands, compared to its average volume of 2655702. Shares of were trading at $54.72 on Tuesday. The firm’s 50 day moving average is $$53.03 and its 200 day moving average is $58.82.Restaurant Brands International  has a 12 month low of $54.60 and a 12 month high of $79.46. While on yearly highs and lows, Restaurant Brands International today has traded high as $55.60 and has touched $54.60 on the downward trend.

Restaurant Brands International Earnings and What to expect: 

Restaurant Brands International last issued its quarterly earnings results on May 1st, 2020. The restaurant operator reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.02. The company earned $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. Its revenue for the quarter was down 3.2% on a year-over-year basis. Restaurant Brands International has generated $2.72 earnings per share over the last year and currently has a price-to-earnings ratio of 23.9. Restaurant Brands International has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, August 7th, 2020 based off prior year’s report dates.

Earnings for Restaurant Brands International are expected to grow by 35.20% in the coming year, from $1.96 to $2.65 per share. The P/E ratio of Restaurant Brands International is 23.88, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.26. The P/E ratio of Restaurant Brands International is 23.88, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 48.08. Restaurant Brands International has a PEG Ratio of 2.94. PEG Ratios above 1 indicate that a company could be overvalued. Restaurant Brands International has a P/B Ratio of 3.88. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 3.69%
  • On 5/5/2020 Insider Felipe A Athayde Sell 43,476 at average share price of $49.41 which equates to $2,148,149.16 in money value.
  • On 3/11/2020 Director Alexandre Behring Sell 64,105 at average price of  $48.14 with total value of : Not Data Available
  • On 10/30/2019 Insider Alexandre Macedo Sell 166,834 at average price of  $64.45 with total value of : $10,752,451.30
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Restaurant Brands International

  • 6/3/2020 – Restaurant Brands International had its price target raised by analysts at Morgan Stanley from $48.00 to $60.00. They now have an “overweight” rating on the stock.
  • 5/28/2020 – Restaurant Brands International had its “buy” rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $62.00 price target on the stock.
  • 5/27/2020 – Restaurant Brands International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $57.00 price target on the stock.
  • 5/21/2020 – Restaurant Brands International had its price target raised by analysts at KeyCorp from $54.00 to $60.00. They now have an “overweight” rating on the stock.
  • See More Analyst Rating at: RATING

Other rating updates by Morgan Stanley: 

  • 6/30/2020 – Emerson Electric had its price target raised by analysts at Morgan Stanley from $54.00 to $59.00. They now have an “equal weight” rating on the stock.
  • 6/30/2020 – Gates Industrial had its price target raised by analysts at Morgan Stanley from $9.00 to $11.00. They now have an “equal weight” rating on the stock.
  • 6/30/2020 – Plug Power had its price target raised by analysts at Morgan Stanley from $6.00. They now have an “equal weight” rating on the stock.
  • 6/30/2020 – Rockwell Automation had its price target raised by analysts at Morgan Stanley from $177.00 to $220.00. They now have an “equal weight” rating on the stock.
  • See More Analyst Rating at: RATING

Restaurant Brands International (NYSE:QSR) Moving Average Technical Analysis

5 day Moving Average is $$54.27 And 5 day price change is $0.19 (0.35%)  with average volume for 5 day average is 1,633,695. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $56.17 and 20 day price change is -$1.83 (-3.21%) and average 20 day moving volume is 2,266,864. 50 day moving average is $53.03  and 50 day price change is $11.18 ( 25.36%)  and with average volume for 50 days is : 3,152,729. 200 day moving average is $58.82  and 200 day price change is -$17.35 (-23.89%)  and with average volume for 200 days is : 2,982,357.

See More Analyst Rating at: RATING