McCormick & Company, Incorporated (MKC)

McCormick & Company Stock Forecast

Stock Price Forecast

The 8 analysts with 12-month price forecasts for McCormick & Company stock have an average target of 83.75, with a low estimate of 69 and a high estimate of 96. The average target predicts an increase of 8.94% from the current stock price of 76.88.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$69	$83.75	$88	$96
Change	-10.25%	+8.94%	+14.46%	+24.87%

Analyst Ratings

The average analyst rating for McCormick & Company stock from 8 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	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25
Strong Buy	2	2	2	2	3	4
Buy	0	0	0	0	0	0
Hold	7	7	6	6	6	3
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	10	10	9	9	10	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Lazar Barclays	Barclays	Hold Maintains $85 → $82	Hold	Maintains	$85 → $82	+6.66%	Jan 27, 2025
Ken Goldman JP Morgan	JP Morgan	Sell Maintains $66 → $69	Sell	Maintains	$66 → $69	-10.25%	Jan 24, 2025
Ken Goldman JP Morgan	JP Morgan	Sell Maintains $68 → $66	Sell	Maintains	$68 → $66	-14.15%	Jan 15, 2025
Robert Moskow TD Cowen	TD Cowen	Hold → Strong Buy Upgrades $86 → $90	Hold → Strong Buy	Upgrades	$86 → $90	+17.07%	Jan 8, 2025
Rob Dickerson Jefferies	Jefferies	Hold → Strong Buy Upgrades $85 → $91	Hold → Strong Buy	Upgrades	$85 → $91	+18.37%	Dec 9, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

6.92B

Increased by 2.96%

from 6.72B

Revenue Next Year

7.14B

Increased by 3.16%

from 6.92B

EPS This Year

3.11

Increased by 6.50%

from 2.92

EPS Next Year

3.36

Increased by 8.03%

from 3.11

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Nov 30, 2020	Nov 30, 2021	Nov 30, 2022	Nov 30, 2023	Nov 30, 2024	Nov 30, 2025	Nov 30, 2026	Nov 30, 2027
Revenue	5.60B	6.32B	6.35B	6.66B	6.72B	6.92B	7.14B	7.49B
Revenue Growth	4.75%	12.79%	0.52%	4.91%	0.92%	2.96%	3.16%	4.84%
EPS	2.78	2.80	2.52	2.52	2.92	3.11	3.36	3.64
EPS Growth	6.11%	0.72%	-10.00%	-	15.87%	6.50%	8.03%	8.32%
Forward PE	-	-	-	-	-	24.72	22.88	21.13
No. Analysts	-	-	-	-	-	19	19	8

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	7.3B	7.6B	7.9B
Avg	6.9B	7.1B	7.5B
Low	6.6B	6.7B	7.2B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	8.3%	9.3%	10.7%
Avg	3.0%	3.2%	4.8%
Low	-2.1%	-3.3%	0.7%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	3.33	3.59	3.96
Avg	3.11	3.36	3.64
Low	2.90	3.17	3.41

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	14.0%	15.5%	17.8%
Avg	6.5%	8.0%	8.3%
Low	-0.5%	1.8%	1.5%

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.