McDonalds Corporation (MCD) Receives Price Target

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.

McDonalds Corporation (MCD) : The consensus on McDonalds Corporation (MCD) based on 23 analyst recommendation on the company stock is 2.39, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on McDonalds Corporation (MCD).


Also, Canaccord Genuity initiates coverage on McDonalds Corporation (NYSE:MCD). According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on August 22, 2016.

McDonalds Corporation (NYSE:MCD): The stock opened at $115.51 on Thursday but the bulls could not build on the opening and the stock topped out at $115.81 for the day. The stock traded down to $114.86 during the day, due to lack of any buying support eventually closed down at $115.40 with a loss of -0.22% for the day. The stock had closed at $115.66 on the previous day. The total traded volume was 3,966,619 shares.

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.

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