Merrill Lynch analyst Gregory Francfort reiterated a Buy rating on Mcdonald's Corp. on Monday, setting a price target of $250, which is approximately 12.27% above the present share price of $222.67.
Francfort expects Mcdonald's Corp. to post earnings per share (EPS) of $0.65 for the fourth quarter of 2020.
The current consensus among 21 TipRanks analysts is for a Strong Buy rating of shares in McDonald's, with an average price target of $223.29.
The analysts price targets range from a high of $245 to a low of $195.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $3.76 billion and a net profit of $1.08 billion. The company's market cap is $165.69 billion.
According to TipRanks.com, Merrill Lynch analyst Gregory Francfort is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.3% and a 61.82% success rate.
McDonald's Corp (NYSE:MCD). engages in the operation and franchising of restaurants. It operates through the following segments: U.S.; International Operated Markets; and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations in the United States. The International Operated Markets segment comprises operations and franchising of restaurant in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K. The International Developmental Licensed Markets and Corporate segment consists developmental licensee and affiliate markets in the McDonald's system. The firm's products include Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, several chicken sandwiches, Chicken McNuggets, wraps, McDonald's Fries, salads, oatmeal, shakes, McFlurry desserts, sundaes, soft serve cones, pies, soft drinks, coffee, McCafé beverages, and other beverages. The company was founded by Raymond Albert Kroc on April 15, 1955 and is headquartered in Oak Brook, IL.