Restaurant Brands International Inc (NYSE:QSR) has been given a 3-point rating by Zacks financial researcher, indicating a hold option on the company’s shares.
Zacks analysis uses a 5-point scale to determine whether a company’s shares are Bullish or Bearish after compiling an average from various projections from a specific number of firms. 1 point on the scale represents a buy rating while 5 points represent a sell rating. Zacks’ analysis of the stock is based on the share projections provided by ten financial analysis firms from Wall Street. The firms provided an average rating of 2.15. The shares received a hold rating from 5 firms. Two firms issued a buy rating while the remaining three issued a strong buy recommendation.
Six analysts have projected that the company’s shares will gravitate towards $45.83. QSR’s estimated highest price per share was set at $50 while the estimated lowest price if things take a negative turn was set at $40. During the trading session on Tuesday, the shares opened at $37.87, registered the day’s low at $37.55 and the day’s high at $38.69 before finally closing at 37.93. QSR’s daily trading volume was 741,429. The shares ranged between $32.98 and $45.71 on a 52-week average. QSR registered a market capitalization of $17,730 million.
Restaurant Brands International Inc (NYSE:QSR) is set to release its third quarter financial report on October 27. The company recently revealed insider buying and selling activities to the securities exchange commission as part of a Form 4 filing. The report revealed that the company’s director, Parker Alan had disposed shares worth $432,317 on August 6. The transaction involved 9,850 shares at an average price of $43.89 per share.
The company has its operations in more than 100 countries with a turnaround of about $19 billion in shares from more than 19,000 restaurants. Burger King and Tim Hortons are some of the well-established brands that exist under the umbrella of QSR.
