BTIG Believes McDonald’s (MCD) Won’t Stop Here
In a report issued on April 29, Peter Saleh from BTIG maintained a Buy rating on McDonald’s (MCD), with a price target of $245.00. The company’s shares closed last Friday at $236.08, close to its 52-week high of $236.29.
According to TipRanks.com, Saleh is a 5-star analyst with an average return of 26.4% and a 81.0% success rate. Saleh covers the Services sector, focusing on stocks such as Texas Roadhouse, Kura Sushi USA, and Domino’s Pizza.
Currently, the analyst consensus on McDonald’s is a Strong Buy with an average price target of $259.50, representing a 10.9% upside. In a report issued on April 15, Cowen & Co. also maintained a Buy rating on the stock with a $255.00 price target.
See today’s analyst top recommended stocks >>
McDonald’s’ market cap is currently $176.1B and has a P/E ratio of 37.20. The company has a Price to Book ratio of -16.54.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Founded in 1955, McDonald’s Corp. is world’s leading fast food chain that operates and franchises over 30,000 restaurants in more than 100 countries. More than 90% of McDonald’s restaurants are owned and operated by independent local business owners. Its popular products include Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, Chicken McNuggets, McDonald’s Fries, McFlurry desserts, and McCafé beverages, among others. The company is headquartered in Oak Brook, Illinois.
Read More on MCD: