McDonald’s Corp. Rating Reiterated by TheStreet (MCD)
McDonald’s Corp. (NYSE:MCD)‘s stock had its “buy” rating reaffirmed by equities research analysts at TheStreet in a research note issued to investors on Sunday, American Banking & Market News reports.
The analysts wrote, “McDonald’s Corporation (MCD) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
A number of other firms have also recently commented on MCD. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of McDonald’s Corp. in a research note to investors on Tuesday, December 10th. They now have a $103.00 price target on the stock, up previously from $100.00. Separately, analysts at Buckingham Research initiated coverage on shares of McDonald’s Corp. in a research note to investors on Wednesday, December 4th. They set a “neutral” rating on the stock. Finally, analysts at Piper Jaffray cut their price target on shares of McDonald’s Corp. from $110.00 to $105.00 in a research note to investors on Friday, November 15th. They now have an “overweight” rating on the stock. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $102.64.
Shares of McDonald’s Corp. (NYSE:MCD) opened at 96.54 on Friday. McDonald’s Corp. has a 1-year low of $89.25 and a 1-year high of $103.70. The stock’s 50-day moving average is $96.49 and its 200-day moving average is $96.94. The company has a market cap of $96.060 billion and a price-to-earnings ratio of 17.40.
McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings data on Monday, October 21st. The company reported $1.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.51 by $0.01. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.34 billion. During the same quarter last year, the company posted $1.43 earnings per share. McDonald’s Corp.’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that McDonald’s Corp. will post $5.55 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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