Tigress Financial Believes McDonald’s (MCD) Still Has Room to Grow
In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on McDonald’s (MCD). The company’s shares closed last Tuesday at $231.26, close to its 52-week high of $232.81.
According to TipRanks.com, Feinseth is a top 100 analyst with an average return of 20.7% and a 72.4% success rate. Feinseth covers the Technology sector, focusing on stocks such as Hims & Hers Health, Alphabet Class A, and Microsoft.
Currently, the analyst consensus on McDonald’s is a Strong Buy with an average price target of $243.24, implying a 5.6% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a $245.00 price target.
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McDonald’s’ market cap is currently $172.3B and has a P/E ratio of 36.50. The company has a Price to Book ratio of -16.21.
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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.
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