Stock analysts at UBS AG assumed coverage on shares of McDonald’s Corp. (NYSE:MCD) in a report issued on Friday, American Banking News.com reports. The firm set a “sector perform” rating on the stock.
A number of other firms have also recently commented on MCD. Analysts at RBC Capital initiated coverage on shares of McDonald’s Corp. in a research note to investors on Friday. They set a “sector perform” rating and a $100.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of McDonald’s Corp. in a research note to investors on Monday. Fourteen investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $102.32.
McDonald’s Corp. (NYSE:MCD) traded down 0.87% on Friday, hitting $96.355. 2,752,651 shares of the company’s stock traded hands. McDonald’s Corp. has a one year low of $83.31 and a one year high of $103.70. The stock has a 50-day moving average of $95.81 and a 200-day moving average of $97.92. The company has a market cap of $95.876 billion and a price-to-earnings ratio of 17.55.
McDonald’s Corp. (NYSE:MCD) last posted its quarterly 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 prior year, the company posted $1.43 earnings per share. The company’s quarterly revenue 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.
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.