Taking into account all relevant factors, Restaurant Brands International Inc. (NYSE:QSR) scores 100% Sell on the technical side. The share price is also flashing a Sell from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for QSR averaged 100% Sell with an average daily trading volume over the past 20 days at 2785735 shares. Those using medium-term investment strategies, the shares have overall a 1% Sell signal while the 50-day average daily volume remained almost 2286462 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was 2306344 shares, is signaling100% Sell for long term investors.
The stock is lingering around the initial support level of $62.49. After this, the following support is at the zone of $62.26. Up until the time the QSR stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 43.23 on the daily chart, and this may be a cause for concern. In case the price goes below $62.26 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $63.13 level may cause a pull-back move approaching $63.54 mark.
Restaurant Brands International Inc. (QSR) is most likely going to rise -100 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $88 as 12-month high price target. This represents a whopping 38.89 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $78, which means a return possibility of 23.11 percent in comparison with the closing price of the stock of $63.36 in recent trading session. The lowest price set for the stock is $62 which is just above -2.15 percent from QSR share’s price at the end of session.
Let’s take a glimpse at some insider activity at Restaurant Brands International Inc. (NYSE:QSR) and observe the pattern. The earliest insider trade happened on 10/30/2019. MACEDO ALEXANDRE parted with a total of 166.83 thousand shares of the firm at average share price of $64.45. The total amount for the sale was set at $10.75 million. On completing this exchange, the President,Tim Hortons account balance was 23.03 thousand shares. The stock lost -1.89 percent from that insider sale. On 08/27/2019, Cil Jose E., CEO, did a sale of 122.68 thousand shares at a price of $77.74 per share. This got rid of 9.54 million shares from the insider’s fortune and the stock experienced a -18.66 percent retreat in price since the news became public. This exchange saw 697.3 thousand shares get out from the CEO account. On 08/27/2019, Director Hedayat Ali recorded a sale transaction valued at $1.17 million. The sale at $77.81 a share has eliminated 15 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed -18.74 percent decrease since the transaction reporting date. The company insider is left with 24.73 thousand shares remaining in the account. Friesner Jacqueline, performed a sale of 26.39 thousand shares in a transaction worth $2.04 million. The disposal recorded on 08/27/2019 was priced at $77.3 per share. The stock price plunged -18.2 percent since the transaction. Friesner Jacqueline currently holds a stake of 99.96 thousand in QSR stock which is worth $6.33 million after the insider selling.
In the recent trading session, Restaurant Brands International Inc. (NYSE:QSR) shares gained 1% or 0.63 points to reach at $63.36 with a thin trading volume of 961.446 thousand shares. It opened the trading session at $62.93, the shares rose to $63.3 and dropped to $62.66, the range by which the price of stock traded the whole session. The company now has a market cap of $18.7 billion and currently has 298.11 million outstanding shares. Restaurant Brands International Inc. (QSR) stock has plunged -5.78 percent of market value in 21 trading days.
Stock analysts at BofA/Merrill cut their rating on shares of Restaurant Brands International Inc. (NYSE:QSR) from Neutral to a new rating of Underperform in their opinion released on January 08.
QSR stock’s trailing 3-year beta is 0, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was $2.46 share in the trailing 52 weeks. The stock’s value fallen -1.63 percent year to date (YTD) compared to a rise of 11.78 percent in 52 week’s period. The firm’s shares are still trading -20.26 percent below its 1-year high of $79.46 and 13 percent up from 52-week low of $56.07. The average consensus ranking on the company is 0, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
Past records have indicated that shares in Restaurant Brands International Inc. rose on 12 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of QSR’s Q4 earnings on February 17. Analysts are predicting revenue to climb 14.4 percent to $1.15B in the financial fourth quarter, while EPS will soar by about 55.56 percent to $0.56 per share. In the last quarter, it’s earnings of $0.71 per share came better than the $0.5805, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $1.39B, missing the $1.39B analysts had expected. Earnings are seen to rise by 0 percent this year, 0 percent in the coming year.