Vetr Inc. announced McDonald's Corporation (NYSE:MCD), bumping up its stock price target to $128.31 earlier today
- Updated: October 17, 2016
Having a price of $113.17, McDonald's Corporation (NYSE:MCD) traded -0.60% lower on the day. With the last close down -6.58% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. McDonald's Corporation has recorded a 50-day average of $115.36 and a two hundred day average of $121.39. Volume of trade was down over the average, with 803,600 shares of MCD changing hands under the typical 4,660,470
Stating a potential upside of 0.13%, Vetr Inc. upped the price target of McDonald's Corporation (NYSE:MCD) to $128.31
On 10/10/2016, Telsey Advisory Group released a statement on McDonald's Corporation (NYSE:MCD) upped the target price from $0.00 to $130.00 that suggested an upside of 0.15%.
With a total market value of $0, McDonald's Corporation has price-earnings ratio of 21.65 with a one year low of $102.08 and a one year high of $131.96 .
A total of 22 analysts have released a research note on McDonald's Corporation. Six analysts rating the company a strong buy, nine analysts rating the company a buy, seventeen analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $130.77.
More About McDonald's Corporation (NYSE:MCD)
McDonald's Corporation (McDonald's) operates and franchises McDonald's restaurants. The Company's restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company's segments include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate. Of the approximately 36,525 restaurants in over 120 countries, approximately 30,080 are franchised and over 6,444 are operated by the Company. McDonald's franchised restaurants are owned and operated under various structures, including conventional franchise, developmental license or affiliate. The Company is primarily a franchisor, with over 80% of McDonald's restaurants owned and operated by independent franchisees. Under a conventional franchise arrangement, the Company owns the land and building or secures a long-term lease for the restaurant location and the franchisee pays for equipment, signs, seating and decor.
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