McDonald’s Receives Buy Rating from Deutsche Bank (MCD)
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of McDonald’s in a research note to investors on Tuesday, March 12th. Separately, analysts at Bank of America reiterated a “buy” rating on shares of McDonald’s in a research note to investors on Monday, March 11th. They now have a $110.00 price target on the stock, up previously from $99.00. Finally, analysts at Robert W. Baird raised their price target on shares of McDonald’s from $97.00 to $102.00 in a research note to investors on Monday, March 11th. They now have an “outperform” rating on the stock.
Fourteen investment analysts have rated the stock with a buy rating, two have given an overweight rating, and sixteen have given a hold rating to the company’s stock. McDonald’s has a consensus rating of “overweight” and an average price target of $101.79.
McDonald’s (NYSE: MCD) traded down 0.81% on Monday, hitting $98.86. McDonald’s has a 1-year low of $83.31 and a 1-year high of $99.70. The stock’s 50-day moving average is currently $95.7. The company has a market cap of $99.136 billion and a price-to-earnings ratio of 18.60.
McDonald’s (NYSE: MCD) last released its earnings data on Wednesday, January 23rd. The company reported $1.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.33 by $0.05. The company had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts predict that McDonald’s will post $5.78 earnings per share for the current fiscal year.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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