Restaurant Brands (QSR): Refinance Opportunity Suggest Earnings Upside - Piper Jaffray

August 29, 2016 6:52 AM EDT
Get Alerts QSR Hot Sheet
Price: $49.04 --0%

Rating Summary:
    4 Buy, 5 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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Piper Jaffray analyst, Nicole Miller Regan, reiterated her Overweight rating on Restaurant Brands International (NYSE: QSR) and her price target of $52.

The analyst stated "We are modeling an incremental $0.45/share of earnings power related to our FY18/19 estimates with our model now projecting funded debt replacing the current ~$3 billion of preferred. When applying a similar PE multiple to our now $2.45/share FY19 estimate, a ~12% discount is applied to achieve our current valuation target. We reiterate our OW rating and $52 PT on QSR shares."

For an analyst ratings summary and ratings history on Restaurant Brands International click here. For more ratings news on Restaurant Brands International click here.

Shares of Restaurant Brands International closed at $46.87 yesterday.

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