Restaurant Brands International Inc. (NYSE:QSR) is one of the 6 Cheap Stocks to Buy According to Bill Ackman.
Restaurant Brands International Inc. (NYSE:QSR)’s shares are up by 8% over the past year and by 8.9% year-to-date
Several analysts have discussed the firm this year. For instance, Scotiabank raised the share price target to $81 from $71 and kept a Sector Perform rating on the stock on April 28th. It discussed Restaurant Brands International Inc. (NYSE:QSR)’s growth as part of the coverage and pointed out that further upside in the shares was possible only in the case of additional growth.
Later, in early May, the restaurant company reported its earnings for the first quarter. The results saw Restaurant Brands International Inc. (NYSE:QSR) post $2.26 billion in revenue and $0.86 in earnings to beat analyst estimates of $2.24 billion and $0.83. True to form, Scotiabank bumped the price target to $83 from $81 and kept its Sector Perform rating.