BTIG Believes McDonald’s (NYSE: MCD) Won’t Stop Here

In a report issued on April 29, Peter Saleh from BTIG maintained a Buy rating on McDonald’s (MCDResearch Report), with a price target of $245.00. The company’s shares closed last Friday at $236.08, close to its 52-week high of $236.29.

According to TipRanks.com, Saleh is a 5-star analyst with an average return of 26.4% and a 81.0% success rate. Saleh covers the Services sector, focusing on stocks such as Texas Roadhouse, Kura Sushi USA, and Domino’s Pizza.

Currently, the analyst consensus on McDonald’s is a Strong Buy with an average price target of $259.50, representing a 10.9% upside. In a report issued on April 15, Cowen & Co. also maintained a Buy rating on the stock with a $255.00 price target.

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McDonald’s’ market cap is currently $176.1B and has a P/E ratio of 37.20. The company has a Price to Book ratio of -16.54.

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Founded in 1955, McDonald’s Corp. 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.