McDonalds Corporation (MCD) : 23 analysts are covering McDonalds Corporation (MCD) and their average rating on the stock is 2.39, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. McDonalds Corporation (MCD) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
McDonalds Corporation (MCD) : 15 investment research analysts covering McDonalds Corporation (MCD) have an average price target of $129 for the near short term. The highest target price given by the Brokerage Firm to the stock is $143 and the lowest target is $95 for the short term. Analysts expect the variance to be within $13.66 of the average price.
Also, In the latest statement by the brokerage house, Baird upgrades its outlook on McDonalds Corporation (NYSE:MCD). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on August 30, 2016.
McDonalds Corporation (NYSE:MCD): After opening at $114.88, the stock dipped to an intraday low of $114.77 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $116.24 and the buying power remained strong till the end. The stock closed at $116.14 for the day, a gain of 0.83% for the day session. The total traded volume was 3,674,687. The stocks close on the previous trading day was $115.18.
McDonalds Corporation operates and franchises McDonalds restaurants. McDonalds global system comprises both Company-owned and franchised restaurants. The Company manages its business as distinct geographic segments: the United States (U.S.); Europe, and Asia/Pacific, Middle East and Africa (APMEA). The Companys operations in Canada and Latin America, as well as its Corporate activities are reported under Other Countries & Corporate. The Companys restaurants offer a substantially uniform menu, including hamburgers and cheeseburgers, Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, several chicken sandwiches, Chicken McNuggets, wraps, French fries, salads, oatmeal, shakes, McFlurry desserts, sundaes, soft serve cones, pies, soft drinks, coffee, McCafe beverages and other beverages. McDonalds franchised restaurants are owned and operated under one of the following structures: conventional franchise, developmental license or affiliate.