Restaurant Brands International Inc. (NYSE: QSR) shares were down on Tuesday February 14 on lighter trade volume than normal after a number of analysts weighed in on the investing value of the stock, boosting the price target of stock.
Meanwhile U.S. stocks opened slightly lower on Tuesday. The main three benchmarks retreated after touching the latest in a series of record highs on Monday, with the S&P 500 index SPX, -0.09% down two points, or 0.1%, to 2,326.
The Dow Jones Industrial Average DJIA, -0.02% fell 34 points, or 0.2%, to 20,381. The Nasdaq Composite Index COMP, -0.13% shed eight points, or 0.1%, to 5,756.
Restaurant Brands International Inc. (NYSE: QSR) had its price target boosted by equities researchers at RBC Capital Markets from $0.00 to $59.00. The company currently has a rating of on the shares. As a means of comparison, a number of other analysts have issued reports on the stock recently, and Restaurant Brands International Inc. has earned a consensus one-year price target of $50.42, a decrease compared to the opening price of $54.04. Restaurant Brands International Inc. stock has a 52-week high of $54.67.
Yesterday Restaurant Brands International Inc. (NYSE: QSR) shares last traded at $53.62, which is a decrease of $0.18 over the previous closing price. Opening at $54.04, they varied from $53.62 and $54.67 throughout the day.
Restaurant Brands International Inc. (NYSE: QSR) now has a market cap of 12.55B.
Restaurant Brands International Inc. (NYSE: QSR) Average Daily Trading Volume
362,975 shares crossed the trading desk yesterday, 2 percent below the norm, out of a total float 179,940,000. lower than normal. Look for trading volume to pick up in the coming days as momentum traders often use upticks in trading volume to identify heavy volume accumulation or distribution by institutional investors.
While increased trading for one day will not mean much, conversely, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors have teams of analysts researching thousands of stocks, so it is good validation to see them taking a postion in a stock you’re considering.
Restaurant Brands International Inc. (NYSE: QSR) 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 spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.
Trades for Restaurant Brands International Inc. (NYSE: QSR) have ranged from $30.69 – 54.67, and the stock now has a 50-day MA of $49.27 and 200-day MA of $46.93. Today’s last price is 1.92%% lower than the 52 week high of $54.67.
Earnings growth is an important factor to look at when buying stocks and investors seek companies that have increased their earnings by at least 25% over 3 consecutive years.
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