McCormick & Company, Incorporated (MKC)
NYSE: MKC · Real-Time Price · USD
78.86
+0.62 (0.79%)
Dec 20, 2024, 4:00 PM EST - 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 79.89, with a low estimate of 57 and a high estimate of 96. The average target predicts an increase of 1.31% from the current stock price of 78.86.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for MKC stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 7 | 7 | 7 | 6 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 9 | 9 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Hold → Strong Buy Upgrades $85 → $91 | Hold → Strong Buy | Upgrades | $85 → $91 | +15.39% | Dec 9, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $84 → $86 | Hold | Maintains | $84 → $86 | +9.05% | Oct 2, 2024 |
| Stifel | Stifel | Hold Maintains $75 → $85 | Hold | Maintains | $75 → $85 | +7.79% | Oct 2, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $95 → $96 | Strong Buy | Maintains | $95 → $96 | +21.73% | Oct 2, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $86 → $95 | Strong Buy | Maintains | $86 → $95 | +20.47% | Sep 17, 2024 |
Financial Forecast
Revenue This Year
6.77B
from 6.66B
Increased by 1.54%
Revenue Next Year
6.95B
from 6.77B
Increased by 2.75%
EPS This Year
2.95
from 2.52
Increased by 17.10%
EPS Next Year
3.15
from 2.95
Increased by 6.79%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 7.1B | 7.3B | 7.6B | |||
| Avg | 6.8B | 7.0B | 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% | 3.3% | |||
| Low | -1.8% | -1.4% | -2.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 3.21 | 3.44 | 3.62 | |||
| 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% | 16.7% | 15.0% | |||
| Avg | 17.1% | 6.8% | 7.6% | |||
| Low | 11.2% | -0.2% | 0.8% |
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.