UBS AG Gives Buy Rating to McDonald’s (MCD)
MCD has been the subject of a number of other recent research reports. Analysts at Cowen downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, May 15th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of McDonald’s in a research note to investors on Tuesday, May 1st. They now have a $102.00 price target on the stock. Finally, analysts at Argus downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, April 25th.
McDonald’s opened at 90.30 on Friday. McDonald’s has a 52-week low of $78.20 and a 52-week high of $102.22. The company has a market cap of $91.767 billion and a price-to-earnings ratio of 16.78.
McDonald’s last posted its quarterly earnings results on Friday, April 20th. The company reported $1.23 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.23. McDonald’s’s revenue was up 7.1% compared to the same quarter last year. Analysts expect that McDonald’s will post $1.57 EPS next quarter.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.