McCormick & Company, Incorporated (MKC)
NYSE: MKC · Real-Time Price · USD
75.84
-0.75 (-0.98%)
At close: Nov 13, 2024, 4:00 PM
75.50
-0.34 (-0.45%)
Pre-market: Nov 14, 2024, 8:22 AM EST
McCormick & Company Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for McCormick & Company stock have an average target of 78.5, with a low estimate of 57 and a high estimate of 96. The average target predicts an increase of 3.51% from the current stock price of 75.84.
Analyst Consensus: Hold
* Price targets were last updated on Oct 2, 2024.
Analyst Ratings
The average analyst rating for MKC stock from 9 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 7 | 7 | 7 | 7 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 10 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Hold Maintains $84 → $86 | Hold | Maintains | $84 → $86 | +13.40% | Oct 2, 2024 |
| Stifel | Stifel | Hold Maintains $75 → $85 | Hold | Maintains | $75 → $85 | +12.08% | Oct 2, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $95 → $96 | Strong Buy | Maintains | $95 → $96 | +26.58% | Oct 2, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $86 → $95 | Strong Buy | Maintains | $86 → $95 | +25.26% | Sep 17, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $75 → $73 | Hold | Maintains | $75 → $73 | -3.74% | Jun 24, 2024 |
Financial Forecast
Revenue This Year
6.76B
from 6.66B
Increased by 1.53%
Revenue Next Year
6.95B
from 6.76B
Increased by 2.71%
EPS This Year
2.95
from 2.52
Increased by 17.19%
EPS Next Year
3.15
from 2.95
Increased by 6.74%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 7.1B | 7.3B | 7.6B | |||
| Avg | 6.8B | 6.9B | 7.2B | |||
| Low | 6.5B | 6.7B | 6.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 5.9% | 7.6% | 8.9% | |||
| Avg | 1.5% | 2.7% | 3.2% | |||
| Low | -1.8% | -1.4% | -2.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 3.21 | 3.44 | 3.61 | |||
| Avg | 2.95 | 3.15 | 3.39 | |||
| Low | 2.80 | 2.94 | 3.18 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 27.5% | 16.6% | 14.6% | |||
| Avg | 17.2% | 6.7% | 7.5% | |||
| Low | 11.2% | -0.3% | 0.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.