Restaurant Brands International (NYSE: QSR) shares rose in value in early trade Wednesday with lower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
Analysts at Stephens upgraded shares of Restaurant Brands International (NYSE: QSR) from Equal Weight to Overweight today. The company currently has a rating of Overweight on the stock. A number of other analysts have spoken on the stock in recent days, and the company has secured a consensus one-year price target of $47.25, higher than the opening price of $45.46. Restaurant Brands International stock has a 52-week high of $49.12. Typically, after analysts issue an upgrade report on a stock, they will later issue recurring updates, such as a price target change.
U.S. stocks mostly climbed on Wednesday as crude-oil prices traded above $51 a barrel.
The Dow Jones Industrial Average DJIA, +0.18% gained 33 points, or 0.2% at 18,195, the S&P 500 index SPX, +0.07% advanced 2 points, or less than 0.1%, at 2,141, while the Nasdaq Composite Index COMP, -0.08% traded little-changed at 5,240.
U.S. stocks closed higher Tuesday as investors welcomed stronger-than-expected quarterly results from a host of companies
The S&P 500 index SPX, +0.62% finished up 13.10 points, or 0.6%, at 2,139.60, with all 11 main sectors trading higher.
The Dow Jones Industrial Average DJIA, +0.42% rose 75.54 points, or 0.4%, to close at 18,161.94.
Meanwhile, the Nasdaq Composite Index COMP, +0.85% added 44.01 points, or 0.9%, to close at 5,243.84.
Shares of Restaurant Brands International (NYSE: QSR) opened at $45.46 on Monday trading between $45.36 and $45.98, and last traded at $45.94, which represents an increase of $1.11 or 2.47% compared to the previous closing price.
Restaurant Brands International (NYSE: QSR) currently has a market cap of 10.74B.
Restaurant Brands InternationalTrading Volume
The stock’s average daily volume is 803,832 shares out of a total float 184,880,000 and some 314,926 shares crossed the trading desk yesterday, lower than normal. Look for trading volume to pick up in the coming days as investors often use swings in trading volume to pinpoint large volume accumulation or distribution by institutional investors.
However, just a day of significant buy side trading is not enough to assert a trend. As such, market traders will continue to look for institutional sponsorship as an indicator that financial institutions are moving forward.
Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Professional investors such as these have substantial teams of analysts researching thousands of stocks, so it is good confirmation to see them taking a postion in a stock you are researching.
Restaurant Brands International Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By identifying trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.
Trades for Restaurant Brands International (NYSE: QSR) have ranged from $29.28 – 49.120, and the stock now has a 50-day MA of $45.29 and 200-day MA of $43.44. Today’s last price is 6.48%% under the 52 week high of $49.12.
Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors seek companies that have been successful at growing their earnings at least 25% or more for the past 3 years.
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