McDonald’s Corp. Now Covered by Analysts at Credit Suisse (MCD)
Research analysts at Credit Suisse initiated coverage on shares of McDonald’s Corp. (NYSE:MCD) in a report released on Tuesday, Stock Ratings Network reports. The firm set a “neutral” rating on the stock.
McDonald’s Corp. (NYSE:MCD) traded up 0.55% on Tuesday, hitting $96.38. The stock had a trading volume of 4,873,110 shares. McDonald’s Corp. has a one year low of $89.97 and a one year high of $103.70. The stock’s 50-day moving average is $96.46 and its 200-day moving average is $96.90. The company has a market cap of $95.901 billion and a P/E ratio of 17.30.
McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings data on Monday, October 21st. The company reported $1.52 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.43 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that McDonald’s Corp. will post $5.55 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on MCD. Analysts at TheStreet reiterated a “buy” rating on shares of McDonald’s Corp. in a research note to investors on Sunday. Sixteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $102.33.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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