McCormick & Company Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for McCormick & Company stock have an average target of 75.67, with a low estimate of 57 and a high estimate of 88. The average target predicts an increase of 7.73% from the current stock price of 70.24.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$57	$75.67	$75	$88
Change	-18.85%	+7.73%	+6.78%	+25.28%

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	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	1	1	1	2	2	2
Buy	1	0	0	0	0	0
Hold	8	7	7	6	6	7
Sell	1	1	1	1	1	1
Strong Sell	1	2	1	1	1	0
Total	12	11	10	10	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Robert Moskow TD Cowen	TD Cowen	Hold Maintains $75 → $73	Hold	Maintains	$75 → $73	+3.93%	Jun 24, 2024
Thomas Palmer Citigroup	Citigroup	Strong Sell → Hold Upgrades $68 → $69	Strong Sell → Hold	Upgrades	$68 → $69	-1.77%	Jun 12, 2024
John Staszak Argus Research	Argus Research	Hold → Strong Buy Upgrades $88	Hold → Strong Buy	Upgrades	$88	+25.28%	Apr 2, 2024
Andrew Lazar Barclays	Barclays	Hold Maintains $71 → $76	Hold	Maintains	$71 → $76	+8.20%	Mar 28, 2024
Matthew Smith Stifel	Stifel	Hold Maintains $70 → $75	Hold	Maintains	$70 → $75	+6.78%	Mar 27, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

6.74B

from 6.66B

1.23%

from 6.66B

Revenue Next Year

6.94B

from 6.74B

2.85%

from 6.74B

EPS This Year

2.89

from 2.52

14.88%

from 2.52

EPS Next Year

3.11

from 2.89

7.33%

from 2.89

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	5.35B	5.60B	6.32B	6.35B	6.66B	6.74B	6.94B	7.17B	7.50B	7.72B
Revenue Growth	0.84%	4.75%	12.79%	0.52%	4.91%	1.23%	2.85%	3.32%	4.72%	2.84%
EPS	2.62	2.78	2.80	2.52	2.52	2.89	3.11	3.34	3.60	3.85
EPS Growth	-25.14%	6.11%	0.72%	-10.00%	-	14.88%	7.33%	7.63%	7.60%	6.93%
Forward PE	-	-	-	-	-	24.26	22.61	21.00	19.52	18.26
No. Analysts	-	-	-	-	-	18	18	12	4	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	7.1B	7.4B	7.7B	8.0B	8.1B
Avg	6.7B	6.9B	7.2B	7.5B	7.7B
Low	6.5B	6.6B	6.8B	7.2B	7.4B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	6.1%	9.0%	10.8%	12.0%	7.6%
Avg	1.2%	2.8%	3.3%	4.7%	2.8%
Low	-2.9%	-1.8%	-2.0%	0.3%	-0.8%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	3.17	3.42	3.59	3.85	4.24
Avg	2.89	3.11	3.34	3.60	3.85
Low	2.76	2.92	3.13	3.34	3.51

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	25.8%	18.2%	15.6%	15.2%	17.9%
Avg	14.9%	7.3%	7.6%	7.6%	6.9%
Low	9.7%	0.8%	0.6%	-0.1%	-2.5%

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.