The shares of McDonald’s Corporation (NYSE:MCD) has been pegged with a rating of Overweight by Stephens in its latest research note that was published on February 19th, 2019. The research company has also assigned a $200 price target. Stephens wasn’t the only research firm that published a report of McDonald’s Corporation, with other equities research analysts also giving their opinion on the stock. Morgan Stanley advised investors in its research note published on November 29th, 2018, to Overweight the MCD stock. The stock had earned Outperform rating from Telsey Advisory Group when it published its report on October 24th, 2018. That day the Telsey Advisory Group set price target on the stock to $195. The stock was given Buy rating by Gordon Haskett in its report released on October 19th, 2018. Evercore ISI was of a view that MCD is Outperform in its latest report on October 15th, 2018. Guggenheim thinks that MCD is worth Buy rating. This was contained in the firm’s report on October 10th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 6 believe it has the potential for further growth, thus rating it as Hold while 10 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $197.69. The price of the stock the last time has raised by 20.79% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 58.45.
The shares of the company added by 1.02% during the trading session on Wednesday, reaching a low of $182.32 while ending the day at $184.97. During the trading session, a total of 3.49 million shares were traded which represents a 8.54% incline from the average session volume which is 3.82M shares. MCD had ended its last session trading at 183.11. McDonald’s Corporation currently has a market cap of $142.28B, while its P/E ratio stands at 24.21, while its P/E earnings growth sits at 6.77, with a beta of 0.52. MCD 52-week low price stands at $153.13 while its 52-week high price is $190.88.
The company in its last quarterly report recorded $1.97 earnings per share which is above the $1.89 predicted by most analysts. The McDonald’s Corporation generated $5,163.00 million in revenue during the last quarter, which is slightly higher than the $5,162.18 million predicted by analysts. In the second quarter last year, the firm recorded $2.10 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -6.6%. McDonald’s Corporation has the potential to record 7.64 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Wolfe Research published a research note on January 17th, 2019 where it informed investors and clients that Nordstrom, Inc. (NYSE:JWN) is now rated as Peer Perform. Their price target on the stock stands at $44. Morgan Stanley also rated JWN as Upgrade on November 29th, 2018, with its price target of $215 suggesting that JWN could surge by 14.47% from its current share price. Even though the stock has been trading at $44.56/share, analysts expect it to surge higher by -2.49% to reach $50.80/share. It started the day trading at $44.64 and traded between $43.36 and $43.45 throughout the trading session.
A look at its technical shows that JWN’s 50-day SMA is 45.71 while its 200-day SMA stands at 53.35. The stock has a high of $67.75 for the year while the low is $43.04. The company’s P/E ratio currently sits at 13.14, while the P/B ratio is 6.09. At the moment, only of Nordstrom, Inc. shares were sold short. The company’s average trading volume currently stands at 3.22M shares, which means that the short-interest ratio is just 7.33 days. Over the past seven days, the company moved, with its shift of -2.29%. Looking further, the stock has dropped -8.83% over the past 90 days while it lost -32.22% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more JWN shares, increasing its portfolio by +9.98% during the last quarter. This move now sees The Vanguard Group Inc purchasing 1,225,278 shares in the last quarter, thus it now holds 13,502,343 shares of JWN, with a total valuation of $638,390,777. BlackRock Fund Advisors meanwhile bought more JWN shares in the recently filed quarter, changing its stake to $350,081,687 worth of shares. Boston Partners Global Investors followed the path by increasing its JWN portfolio by +57.55% in the quarter. This means that Boston Partners Global Investors bought 2,318,179 shares in the last quarter and now controls 6,346,355 shares of the JWN stock, with the valuation hitting $300,055,664.
Similarly, JPMorgan Investment Management I increased its Nordstrom, Inc. shares by +4.03% during the recently filed quarter. After buying 214,945 shares in the last quarter, the firm now controls 5,542,812 shares of Nordstrom, Inc. which are valued at $262,064,151. In the same vein, Mellon Investments Corp decreased its Nordstrom, Inc. shares by during the most recent reported quarter. The firm sold -2,056,211 shares during the quarter which decreased its stakes to 3,689,700 shares and is now valued at $174,449,016. Following these latest developments, around 11.20% of Nordstrom, Inc. stocks are owned by institutional investors and hedge funds.