Burger King Worldwide Now Covered by UBS AG (BKW)
Research analysts at UBS AG initiated coverage on shares of Burger King Worldwide (NYSE:BKW) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $26.00 price target on the stock. UBS AG’s price target would indicate a potential upside of 17.01% from the company’s current price.
Shares of Burger King Worldwide (NYSE:BKW) traded up 1.35% on Wednesday, hitting $22.52. 722,310 shares of the company’s stock traded hands. Burger King Worldwide has a one year low of $16.08 and a one year high of $23.06. The stock’s 50-day moving average is $21. and its 200-day moving average is $20.21. The company has a market cap of $7.910 billion and a P/E ratio of 37.03.
Burger King Worldwide (NYSE:BKW) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.02. The company had revenue of $275.10 million for the quarter, compared to the consensus estimate of $267.25 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was down 39.6% on a year-over-year basis. Analysts expect that Burger King Worldwide will post $0.84 EPS for the current fiscal year.
A number of other firms have also recently commented on BKW. Analysts at Credit Suisse initiated coverage on shares of Burger King Worldwide in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Burger King Worldwide in a research note to investors on Tuesday, December 24th. They now have a $26.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Burger King Worldwide in a research note to investors on Monday, November 25th. They set a “buy” rating and a $25.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.06.
Burger King Worldwide, Inc (NYSE:BKW), formerly Justice Delaware Holdco Inc, is a fast food hamburger chain.
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