Oppenheimer analyst Brian Bittner maintained a Buy rating on McDonald’s on Thursday, setting a price target of $270, which is approximately 16.20% above the present share price of $232.35.
Bittner expects McDonald’s to post earnings per share (EPS) of $2.06 for the second quarter of 2021.
The current consensus among 25 TipRanks analysts is for a Strong Buy rating of shares in McDonald’s, with an average price target of $256.17.
The analysts price targets range from a high of $270 to a low of $225.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $5.12 billion and a net profit of $2.1 billion. The company’s market cap is $173.37 billion.
According to TipRanks.com, Oppenheimer analyst Brian Bittner is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.1% and a 67.98% success rate.
Founded in 1955, McDonald’s Corp (NYSE:). 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.
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