Morgan Stanley (NYSE:MS) analyst John Glass maintained a Buy rating on McDonald's on Monday, setting a price target of $250, which is approximately 8.00% above the present share price of $231.48.
Glass expects McDonald's to post earnings per share (EPS) of $1.85 for the second quarter of 2021.
The current consensus among 19 TipRanks analysts is for a Strong Buy rating of shares in McDonald's, with an average price target of $242.56.
The analysts price targets range from a high of $265 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 $172.59 billion.
According to TipRanks.com, Morgan Stanley analyst John Glass is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.7% and a 65.41% 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.