TD Cowen raises their target on McDonald’s Corp (MCD:NYE) to $299

McDonald's Corporation stock

McDonald’s Corporation Stock Forecast:

Based on the McDonald’s Corporation stock forecasts from 27 analysts, the average analyst target price for McDonald’s Corporation is USD 281.76 over the next 12 months. McDonald’s Corporation’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of McDonald’s Corporation is Very Bullish, which is based on 6 positive signals and 0 negative signals. At the last closing, McDonald’s Corporation’s stock price was USD 269.62McDonald’s Corporation’s stock price has changed by -0.35% over the past week, +1.06% over the past month and +14.19% over the last year.

MCD Ratings by Stock Target Advisor

Analysts Coverage Change:

TD Cowen maintains an “Outperform” rating on McDonald’s Corp. and raises the price target to $299 from $293 on the company’s stock.

Positive Fundamentals:

McDonald’s Corp stock has shown superior risk-adjusted returns, with stable and consistent annual returns compared to its sector peers, outperforming on average annual total and dividend returns basis in the past 5 years. It also had positive total and free cash flow in the most recent four quarters, making it a potentially good buy for investors seeking both stability and high income yields.

Negative Fundamentals:

There is nothing we particularly dislike.

FA Score (Fundamental Analysis):

The fundamental analysis of McDonald’s Corporation in “Very Bullish” with a FA score of 10 out of 10, where 0 is very bearish and 10 is very bullish.

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