Bank of America (BofA) has revised its price target for Restaurant Brands International (QSR, Financial), reducing it from $69 to $56. This decision is accompanied by maintaining an Underperform rating on the stock.
The adjustment comes as part of a comprehensive update by BofA, which involves recalibrating estimates for over 20 companies within its restaurant sector coverage. The firm is making these changes to align with shifts in market multiples and updated estimate projections, as part of its first-quarter calendar preview for the group.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Restaurant Brands International Inc (QSR, Financial) is $77.76 with a high estimate of $93.00 and a low estimate of $65.00. The average target implies an upside of 22.99% from the current price of $63.23. More detailed estimate data can be found on the Restaurant Brands International Inc (QSR) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Restaurant Brands International Inc's (QSR, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Restaurant Brands International Inc (QSR, Financial) in one year is $95.17, suggesting a upside of 50.53% from the current price of $63.225. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Restaurant Brands International Inc (QSR) Summary page.
