Buckingham Research initiated coverage on shares of McDonald’s Corp. (NYSE:MCD) in a research note released on Wednesday morning, TheFlyOnTheWall.com reports. The firm issued a neutral rating on the stock.
Shares of McDonald’s Corp. (NYSE:MCD) traded down 0.09% on Wednesday, hitting $95.62. 2,942,833 shares of the company’s stock traded hands. McDonald’s Corp. has a one year low of $86.81 and a one year high of $103.70. The stock’s 50-day moving average is $96.6 and its 200-day moving average is $97.38. The company has a market cap of $95.145 billion and a P/E ratio of 17.28.
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. On average, analysts predict that McDonald’s Corp. will post $5.56 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a buy rating on shares of McDonald’s Corp. in a research note to investors on Monday, November 25th. Separately, 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. Finally, analysts at Janney Montgomery Scott cut their price target on shares of McDonald’s Corp. to $98.00 in a research note to investors on Friday, November 15th. They now have a neutral rating on the stock. Fifteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $102.08.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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