After RBC Capital and Evercore ISI gave McDonald’s Corp (NYSE: MCD) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Andrew Charles maintained a Buy rating on McDonald’s Corp today and set a price target of $205. The company’s shares closed yesterday at $185.48, close to its 52-week high of $186.04.
According to TipRanks.com, Charles is a 5-star analyst with an average return of 14.3% and a 67.0% success rate. Charles covers the Services sector, focusing on stocks such as Starbucks Corp, Yum! Brands, and Shake Shack.
McDonald’s Corp has an analyst consensus of Moderate Buy, with a price target consensus of $190.10, which is a 2.5% upside from current levels. In a report issued on October 26, Goldman Sachs also maintained a Buy rating on the stock with a $195 price target.
Based on McDonald’s Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.64 billion. In comparison, last year the company had a net profit of $1.88 billion.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. Last month, Ian Frederick Borden, the President-Foundational Markets of MCD sold 4,782 shares for a total of $849,666.
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