Yesterday, Restaurant Brands International (QSR) was trading at $63.91. Analysts’ average target price of $70 implies a 9.5% return based on that price. Since the announcement of Restaurant Brands’ second-quarter earnings, CIBC (Canadian Imperial Bank of Commerce) has raised its price target from $71 to $75.
Although Restaurant Brands stock is trading below analysts’ average price target, it’s not necessarily a “buy.” Investors are advised to analyze analysts’ estimates before making investment decisions. Of the nine analysts following Restaurant Brands, 55.6% recommend “buy,” and 44.4% recommend “hold.”