McCormick & Company, Incorporated (MKC)
NYSE: MKC · IEX Real-Time Price · USD
74.01
-0.47 (-0.63%)
May 17, 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 77.11, with a low estimate of 57 and a high estimate of 88. The average target predicts an increase of 4.19% from the current stock price of 74.01.

Analyst Consensus: Hold
Target Low Average Median High
Price $57 $77.11 $76 $88
Change -22.98% +4.19% +2.69% +18.90%
* Price targets were last updated on Apr 2, 2024.

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 Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 111122
Buy 210000
Hold 687766
Sell 111111
Strong Sell 112111
Total 111211101010

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Argus Research
Argus Research
Strong Buy
Upgrades
$88
Strong Buy Upgrades $88 +18.90% Apr 2, 2024
Barclays
Barclays
Hold
Maintains
$71$76
Hold Maintains $71$76 +2.69% Mar 28, 2024
Stifel
Stifel
Hold
Maintains
$70$75
Hold Maintains $70$75 +1.34% Mar 27, 2024
Citigroup
Citigroup
Strong Sell
Maintains
$60$68
Strong Sell Maintains $60$68 -8.12% Mar 27, 2024
Citigroup
Citigroup
Strong Sell
Initiates
$60
Strong Sell Initiates $60 -18.93% Feb 1, 2024
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
5.35B5.60B6.32B6.35B6.66B6.75B6.95B7.19B7.56B7.76B
Revenue Growth
0.84%4.75%12.79%0.52%4.91%1.33%2.92%3.53%5.05%2.69%
EPS
2.622.782.802.522.522.903.113.353.613.86
EPS Growth
-25.14%6.11%0.72%-10.00%-15.01%7.38%7.62%7.86%6.84%
No. Analysts -----18181243
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 7.1B 7.3B 7.7B 8.0B 8.2B
Avg 6.8B 6.9B 7.2B 7.6B 7.8B
Low 6.5B 6.7B 6.9B 7.2B 7.4B

Revenue Growth

Revenue Growth 20242025202620272028
High
6.1%
8.8%
10.4%
11.5%
7.9%
Avg
1.3%
2.9%
3.5%
5.0%
2.7%
Low
-2.2%
-1.2%
-0.6%
0.0%
-1.5%

EPS Forecast

EPS 20242025202620272028
High 3.15 3.42 3.59 3.85 4.24
Avg 2.90 3.11 3.35 3.61 3.86
Low 2.77 2.92 3.13 3.36 3.53

EPS Growth

EPS Growth 20242025202620272028
High
25.0%
18.1%
15.4%
15.1%
17.4%
Avg
15.0%
7.4%
7.6%
7.9%
6.8%
Low
10.1%
0.7%
0.4%
0.4%
-2.3%
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.