SunTrust Robinson Believes McDonald’s Corp (NYSE: MCD) Still Has Room to Grow

By Jason Carr

SunTrust Robinson analyst Jake Bartlett reiterated a Buy rating on McDonald’s Corp (NYSE: MCD) on October 9 and set a price target of $178. The company’s shares opened today at $162.99, close to its 52-week high of $164.40.

According to, Bartlett is a 1-star analyst with an average return of -0.8% and a 48.6% success rate. Bartlett covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Popeyes Louisiana Kitchen, and Jack In The Box Inc.

Currently, the analyst consensus on McDonald’s Corp is Moderate Buy and the average price target is $171.72, representing a 5.4% upside.

In a report issued on September 28, Longbow Research also upgraded the stock to Buy with a $183 price target.

McDonald’s Corp’s market cap is currently $132.2B and has a P/E ratio of 26.70. The company has a book value ratio of -66.0556.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2017, Fairhurst David Ogden, the EVP & Chief People Officer of MCD sold 4,782 shares for a total of $751,013.

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