Credit Suisse reiterated their outperform rating on shares of McDonald’s (NYSE: MCD) in a research report sent to investors on Friday morning. The firm currently has a $104.00 price target on the stock, up from their previous price target of $2.00.
“We believe MCD is well positioned to return to meaningful share gains in 2012, with upside to numbers if the macro environment stabilizes from a late January slowdown. However, even if a slowing consumer environment limits absolute upside to numbers, relative outperformance on fundamentals combined with low relative valuation makes risk/reward attractive.,” Credit Suisse’s analyst commented.
A number of other firms have also recently commented on MCD. Analysts at Atlantic Securities reiterated a neutral rating on shares of McDonald’s in a research note to investors on Wednesday, February 13th. They now have a $93.00 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of McDonald’s from $98.00 to $109.00 in a research note to investors on Monday, February 11th. They now have a positive rating on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of McDonald’s in a research note to investors on Wednesday, February 6th. They now have a $100.00 price target on the stock.
Fourteen research analysts have rated the stock with a buy rating, two have given an overweight rating, and sixteen have assigned a hold rating to the stock. The company presently has a consensus rating of overweight and a consensus target price of $99.84.
Shares of McDonald’s traded up 0.08% during mid-day trading on Friday, hitting $96.22. McDonald’s has a one year low of $83.31 and a one year high of $100.44. The stock’s 50-day moving average is currently $93.57. The company has a market cap of $96.603 billion and a P/E ratio of 17.95.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 15th. Investors of record on Friday, March 1st will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, February 27th.
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