Friday, 09 March 2018 10:11

Despite a Flop, McDonalds is Loved by Analysts

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McDonalds’ stock has not been doing so well lately, but guess what, that has not diminished its prospects. Well, at least not in the eyes of Wall Street stock analysts. McDonalds had a great 2017, but has fallen 12% this year. The introduction of its new $1-$2-$3 menu is part of the reason. However, most analysts still rate it a buy and it looks like a good long-term value proposition. The stock currently trades for 20x earnings, versus a high of almost 25 last year.

FINSUM: We think CEO Steve Easterbook is a great leader for the company and we have high long-term conviction for old Mickey Ds.

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