Barclays (LON:BARC) analyst Jeff Bernstein maintained a Buy rating on McDonald's on Thursday, setting a price target of $270, which is approximately 14.79% above the present share price of $235.21.
Bernstein expects McDonald's to post earnings per share (EPS) of $1.85 for the second quarter of 2021.
The current consensus among 22 TipRanks analysts is for a Strong Buy rating of shares in McDonald's, with an average price target of $258.15.
The analysts price targets range from a high of $357 to a low of $225.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $5.31 billion and a net profit of $2 billion. The company's market cap is $175.49 billion.
According to TipRanks.com, Barclays analyst Jeff Bernstein is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.0% and a 70.06% success rate.
Founded in 1955, McDonald's Corp (NYSE:MCD). 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.