Restaurant Brands International (QSR) Gets a Buy from RBC Capital
In a report released yesterday, Logan Reich from RBC Capital maintained a Buy rating on Restaurant Brands International, with a price target of $85.00. The company’s shares closed yesterday at $74.41.
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According to TipRanks, Reich is an analyst with an average return of -6.6% and a 47.53% success rate. Reich covers the Consumer Cyclical sector, focusing on stocks such as Texas Roadhouse, Restaurant Brands International, and Life Time Group Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Restaurant Brands International with a $85.78 average price target, which is a 15.28% upside from current levels. In a report released on July 23, Evercore ISI also maintained a Buy rating on the stock with a $86.00 price target.
Based on Restaurant Brands International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.26 billion and a net profit of $338 million. In comparison, last year the company earned a revenue of $2.11 billion and had a net profit of $159 million
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- Restaurant Brands price target lowered to $78 from $84 at Citi
- LULU, RY, QSR: Canada Gets Some Good News as Inflation Eased to 2.8% in June
- Restaurant Brands price target raised to $79 from $78 at Morgan Stanley
- Restaurant Brands price target raised to $80 from $79 at TD Cowen
- Restaurant Brands price target lowered to $85 from $86 at Deutsche Bank
