Restaurant Brands International Inc (QSR) stock forecast: Can it reach its 52-week high of $83.29

A share price of Restaurant Brands International Inc [QSR] is currently trading at $72.49, up 0.51%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The QSR shares have gain 2.62% over the last week, with a monthly amount glided 4.33%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Restaurant Brands International Inc [NYSE: QSR] stock has seen the most recent analyst activity on June 13, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $80. Previously, Bernstein upgraded its rating to Outperform on November 30, 2023, and kept the price target unchanged to $85. On October 19, 2023, Deutsche Bank initiated with a Buy rating and assigned a price target of $75 on the stock. Loop Capital upgraded its rating to a Buy and increased its price target to $81 on September 29, 2023. Northcoast upgraded its rating to a Buy. JP Morgan started tracking with a Overweight rating for this stock on August 21, 2023, and assigned it a price target of $82. In a note dated August 09, 2023, UBS reiterated an Buy rating on this stock and boosted its target price from $82 to $85.

Restaurant Brands International Inc experienced fluctuations in its stock price throughout the past year between $61.77 and $83.29. Currently, Wall Street analysts expect the stock to reach $78.32 within the next 12 months. Restaurant Brands International Inc [NYSE: QSR] shares were valued at $72.49 at the most recent close of the market. An investor can expect a potential return of 8.04% based on the average QSR price forecast.

Analyzing the QSR fundamentals

Trailing Twelve Months sales for Restaurant Brands International Inc [NYSE:QSR] were 7.48B which represents 17.18% growth. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.43 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.53.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 72.00 points at the first support level, and at 71.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 72.77, and for the 2nd resistance point, it is at 73.06.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Restaurant Brands International Inc [NYSE:QSR] is 0.78. Also, the Quick Ratio is 0.71, while the Cash Ratio stands at 0.36. Considering the valuation of this stock, the price to sales ratio is 3.07, the price to book ratio is 7.49 and price to earnings (TTM) ratio is 18.14.

Transactions by insiders

Recent insider trading involved CURTIS THOMAS BENJAMIN, , that happened on Sep 03 ’24 when 6536.0 shares were sold. Pres., Tim Hortons Americas, SCHWAN AXEL MR completed a deal on Aug 23 ’24 to sell 36000.0 shares. Meanwhile, Chief Executive Officer Kobza Joshua sold 0.25 million shares on May 06 ’24.

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