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Evercore ISI Thinks Restaurant Brands International’s Stock is Going to Recover

In a report released yesterday, David Palmer from Evercore ISI maintained a Buy rating on Restaurant Brands International (QSRResearch Report), with a price target of $75.00. The company’s shares closed last Monday at $54.31, close to its 52-week low of $53.47.

According to TipRanks.com, Palmer is a 5-star analyst with an average return of 7.7% and a 63.2% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Hain Celestial, and Hostess Brands.

Currently, the analyst consensus on Restaurant Brands International is a Moderate Buy with an average price target of $62.55.

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The company has a one-year high of $71.12 and a one-year low of $53.47. Currently, Restaurant Brands International has an average volume of 1.3M.

Based on the recent corporate insider activity of 167 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QSR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The Popeyes segment handles chicken category of the quick service segment of the restaurant industry. The company was founded on August 25, 2014 and is headquartered in Toronto, Canada.

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