McDonald’s Corp. Rating Lowered to Sell at Canaccord Genuity (MCD)
McDonald’s Corp. (NYSE:MCD) was downgraded by research analysts at Canaccord Genuity from a “hold” rating to a “sell” rating in a report released on Thursday, AnalystRatings.Net reports. They currently have a $115.00 price target on the stock. Canaccord Genuity’s price target would suggest a potential upside of 20.53% from the stock’s previous close.
A number of other firms have also recently commented on MCD. Analysts at UBS AG initiated coverage on shares of McDonald’s Corp. in a research note to investors on Wednesday. They set a “buy” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $103.03.
McDonald’s Corp. (NYSE:MCD) traded up 0.12% on Thursday, hitting $95.525. 4,190,308 shares of the company’s stock traded hands. McDonald’s Corp. has a 1-year low of $90.86 and a 1-year high of $103.70. The stock’s 50-day moving average is $96.34 and its 200-day moving average is $96.88. The company has a market cap of $95.050 billion and a P/E ratio of 17.22. McDonald’s Corp. also was the target of some unusual options trading on Wednesday. Traders bought 9,041 put options on the company. This represents an increase of 133% compared to the typical volume of 3,877 put options.
McDonald’s Corp. (NYSE:MCD) last announced its earnings results 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. Analysts expect that McDonald’s Corp. will post $5.55 EPS for the current fiscal year.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.