McCormick & Company, Incorporated (MKC)
NYSE: MKC · Real-Time Price · USD
83.25
-0.13 (-0.16%)
Sep 26, 2024, 4:00 PM EDT - Market closed
McCormick & Company Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for McCormick & Company stock have an average target of 76.67, with a low estimate of 57 and a high estimate of 95. The average target predicts a decrease of -7.90% from the current stock price of 83.25.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for MKC stock from 10 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 6 | 6 | 7 | 7 | 7 | 7 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 10 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy Maintains $86 → $95 | Strong Buy | Maintains | $86 → $95 | +14.11% | Sep 17, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $75 → $73 | Hold | Maintains | $75 → $73 | -12.31% | Jun 24, 2024 |
| Citigroup | Citigroup | Strong Sell → Hold Upgrades $68 → $69 | Strong Sell → Hold | Upgrades | $68 → $69 | -17.12% | Jun 12, 2024 |
| Argus Research | Argus Research | Hold → Strong Buy Upgrades $88 | Hold → Strong Buy | Upgrades | $88 | +5.71% | Apr 2, 2024 |
| Barclays | Barclays | Hold Maintains $71 → $76 | Hold | Maintains | $71 → $76 | -8.71% | Mar 28, 2024 |
Financial Forecast
Revenue This Year
6.74B
from 6.66B
Increased by 1.18%
Revenue Next Year
6.92B
from 6.74B
Increased by 2.70%
EPS This Year
2.89
from 2.52
Increased by 14.75%
EPS Next Year
3.10
from 2.89
Increased by 7.17%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.1B | 7.3B | 7.6B | ||
| Avg | 6.7B | 6.9B | 7.1B | ||
| Low | 6.5B | 6.6B | 6.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.8% | 8.4% | 10.3% | ||
| Avg | 1.2% | 2.7% | 3.2% | ||
| Low | -2.6% | -2.0% | -3.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.19 | 3.43 | 3.59 | ||
| Avg | 2.89 | 3.10 | 3.34 | ||
| Low | 2.74 | 2.88 | 3.16 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.7% | 18.7% | 15.9% | ||
| Avg | 14.8% | 7.2% | 7.7% | ||
| Low | 8.5% | -0.3% | 1.8% |
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.