In a report released today, Jeremy Scott from Mizuho Securities reiterated a Buy rating on Restaurant Brands International (QSR), with a price target of $69. The company’s shares closed yesterday at $63.72, close to its 52-week high of $65.59.
According to TipRanks.com, Scott is a 1-star analyst with an average return of -1.7% and a 47.1% success rate. Scott covers the Services sector, focusing on stocks such as Dunkin’ Brands, Starbucks Corp, and Chipotle.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Restaurant Brands International with a $71.63 average price target, implying a 12.4% upside from current levels. In a report issued on February 6, Cowen & Co. also reiterated a Buy rating on the stock with a $71 price target.
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Based on Restaurant Brands International’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $134 million. In comparison, last year the company had a net profit of $215 million.
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Restaurant Brands International, Inc. is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.
