McDonald’s (NYSE: MCD) shares received a rating of “buy” again from research analysts from Evercore ISI on Monday. The news was reported by AnalystRatings.com.
Stock Commentary Of MCD
Several research analysts have issued their reports on MCD. Cowen increased their objective price to $255 from $250 while issuing a rating of “outperform” on 21st April, Wednesday. Atlantic Securities issued a rating of “neutral” while setting a target price of $237 on 13th April, Tuesday. JPMorgan Chase & Co. increased their objective price to $245 from $215 while issuing a rating of “overweight” on 19th April, Monday. Jefferies Financial Group reissued a rating of “buy” setting a target price of $265 on 12th April, Monday. Finally, Stephens increased its objective price to $232 from $225 while issuing a rating of “equal weight” on 7th January, Thursday.
On Monday, the MCD stock opened at a value of $236.08. The moving average of the stock over 50 days stands at $227.27 while for 200 days it is $217.33. The market capitalization of the firm stands at $176.14B with a 0.58 beta. The lowest and highest over 52 weeks for the stock are $167.85 and $236.29 respectively. The latest earnings date for the quarter was posted on 29th April, Tuesday. An EPS of $1.92 was reported overshooting the $1.81 general estimate.
The firm had reported a $5.12B revenue for the quarter which is more than the $5.02B general estimates. It also reported a negative 53.62% equity return and a 25.60% net margin. The quarterly revenue for the stock was up by 8.7% on a y-o-y basis. Analysts expect an EPS of 6.16 for the present fiscal year.
Everett Harris & Co. CA, Great Diamond Partners LLC, HighPoint Advisors Group LLC, JFS Wealth Advisors LLC, and Crossmark Global Holdings Inc., all increased their share of MCD stocks.