McCormick & Company, Incorporated (MKC)
NYSE: MKC · IEX Real-Time Price · USD
73.92
+1.22 (1.68%)
At close: Apr 19, 2024, 4:00 PM
72.05
-1.87 (-2.53%)
After-hours: Apr 19, 2024, 7:27 PM EDT
McCormick & Company Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for McCormick & Company stock have an average target of 77.11, with a low estimate of 57 and a high estimate of 88. The average target predicts an increase of 4.32% from the current stock price of 73.92.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 2 |
| Buy | 2 | 2 | 1 | 0 | 0 | 0 |
| Hold | 6 | 6 | 8 | 7 | 7 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 2 | 1 | 1 |
| Total | 11 | 11 | 12 | 11 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Argus Research | Argus Research | Hold → Strong Buy Upgrades $88 | Hold → Strong Buy | Upgrades | $88 | +19.05% | Apr 2, 2024 |
| Barclays | Barclays | Hold Maintains $71 → $76 | Hold | Maintains | $71 → $76 | +2.81% | Mar 28, 2024 |
| Stifel | Stifel | Hold Maintains $70 → $75 | Hold | Maintains | $70 → $75 | +1.46% | Mar 27, 2024 |
| Citigroup | Citigroup | Strong Sell Maintains $60 → $68 | Strong Sell | Maintains | $60 → $68 | -8.01% | Mar 27, 2024 |
| Citigroup | Citigroup | Strong Sell Initiates $60 | Strong Sell | Initiates | $60 | -18.83% | Feb 1, 2024 |
Financial Forecast
Revenue This Year
6.75B
from 6.66B
Increased by 1.33%
Revenue Next Year
6.95B
from 6.75B
Increased by 2.92%
EPS This Year
2.90
from 2.52
Increased by 15.01%
EPS Next Year
3.11
from 2.90
Increased by 7.38%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.1B | 7.3B | 7.7B | 8.2B | 8.3B |
| Avg | 6.8B | 6.9B | 7.2B | 7.8B | 8.0B |
| Low | 6.5B | 6.7B | 6.9B | 7.5B | 7.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.1% | 8.8% | 10.4% | 13.5% | 6.9% |
| Avg | 1.3% | 2.9% | 3.5% | 8.3% | 2.8% |
| Low | -2.2% | -1.2% | -0.6% | 4.2% | -0.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.15 | 3.42 | 3.59 | 4.14 | 4.42 |
| Avg | 2.90 | 3.11 | 3.35 | 3.75 | 4.25 |
| Low | 2.77 | 2.92 | 3.13 | 3.41 | 4.13 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 25.0% | 18.1% | 15.4% | 23.5% | 18.0% |
| Avg | 15.0% | 7.4% | 7.6% | 11.9% | 13.5% |
| Low | 10.1% | 0.7% | 0.4% | 1.8% | 10.1% |
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.