McDonald’s Corp. Now Covered by Analysts at UBS AG (MCD)
Analysts at UBS AG began coverage on shares of McDonald’s Corp. (NYSE:MCD) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. downgraded shares of McDonald’s Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. Separately, analysts at Credit Suisse initiated coverage on shares of McDonald’s Corp. in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of McDonald’s Corp. in a research note to investors on Sunday. Sixteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $102.33.
McDonald’s Corp. (NYSE:MCD) traded down 1.01% during mid-day trading on Wednesday, hitting $95.41. The stock had a trading volume of 7,653,903 shares. McDonald’s Corp. has a 1-year low of $90.36 and a 1-year high of $103.70. The stock has a 50-day moving average of $96.42 and a 200-day moving average of $96.89. The company has a market cap of $94.936 billion and a price-to-earnings ratio of 17.40. McDonald’s Corp. also saw some unusual options trading on Wednesday. Investors purchased 9,041 put options on the company. This is an increase of 133% compared to the typical volume of 3,877 put options.
McDonald’s Corp. (NYSE:MCD) last issued its quarterly earnings data on Monday, October 21st. The company reported $1.52 EPS for the quarter, beating the Thomson Reuters 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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