Our stock deep dive of the week focuses on McDonalds $MCD stock. Chief Equity Analyst ivanbrian9 is bearish on the fast food giant as inflation and recession fears remain in place. Full DCF analysis includes price target and rating: stocks trading
Recent McDonald's news and earnings
As expected McDonald's mentioned currency impacts during the call, and we expect these to continue given the ongoing strength of the dollar. McDonald's took a charge of just over $1 billion from exiting Russia. The next earnings are scheduled for October 24. What is of particular interest is the number of downward revisions in the past three months. There were 17 downgrades versus just 14 upgrades to earnings estimates.
The two charts below show historical comparisons for McDonald's valuation. The average price/earnings going back 20 years is 19. It is trading more or less in line with the overall restaurant sector. All sectors appear to be in line for a rerating lower though if current economic forecasts for inflation and interest rates prove accurate. If we look at other metrics, they also look too high.
McDonald's trades at eight times sales. Over the past 20 years, the average is nearer to four. The recent move up is a causative effect of years of monetary stimulus.McDonald's technical analysis
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
NZD/USD Price Analysis: Bulls take control ahead of the Fed, but bears could pounceAs per the prior analysis, NZD/USD Price Analysis: Bulls step in and eye the 0.6000s, the price has indeed come up to the 0.6000s, but the bears put u
Leer más »
Netflix Is Overplaying Its Hand in Rushed Ad NegotiationsNew VIP+ Analysis: Reports of what the streamer is offering ad buyers for sky-high prices indicate the streamer is rushing into advertising.
Leer más »
These are the assets investors are turning to for protection in the market's latest routHedging instruments and safe havens are in the spotlight as stock and bond prices suffer.
Leer más »
'Step Up' Season 3 Trailer Reveals Growing Stakes for High WaterA new trailer for 'Step Up' Season 3 reveals the growing stakes for High Water.
Leer más »
Volkswagen seeks up to $71.5 billion valuation in Porsche IPOGerman auto maker Volkswagen AG is targeting a valuation of up to 75 billion euros ($71.5 billion) for its initial public offering of Porsche, in what would...
Leer más »
Rick and Morty Season 6 Episode 3 Preview: Gamer Culture, Amirite?ICYMI: In the following clip for AdultSwim's RickAndMorty S06E03 BethicTwinstinct, the duo & SummerSmith do a deep dive into gamerculture. / DanHarmon JustinRoiland RickAndMorty
Leer más »