McCormick & Company, Receives Average Recommendation of “Hold” from Analysts (NYSE:MKC)
McCormick & Company, (NYSE:MKC) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the company, Analyst Ratings News reports. Seven analysts have rated the stock with a hold recommendation, The average 1-year target price among brokers that have covered the stock in the last year is $70.50.
McCormick & Company, (NYSE:MKC) opened at 71.29 on Friday. McCormick & Company, has a 1-year low of $62.75 and a 1-year high of $75.26. The stock has a 50-day moving average of $69.67 and a 200-day moving average of $68.26. The company has a market cap of $9.303 billion and a P/E ratio of 24.07.
McCormick & Company, (NYSE:MKC) last released its earnings data on Tuesday, March 25th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.04. The company had revenue of $993.40 million for the quarter, compared to the consensus estimate of $973.20 million. During the same quarter last year, the company posted $0.57 earnings per share. McCormick & Company,’s revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that McCormick & Company, will post $3.27 earnings per share for the current fiscal year.
MKC has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of McCormick & Company, from $68.00 to $69.00 in a research note on Monday, April 14th. Separately, analysts at Jefferies Group raised their price target on shares of McCormick & Company, to $72.00 in a research note on Wednesday, March 26th. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of McCormick & Company, to $72.00 in a research note on Wednesday, March 26th. They now have a “neutral” rating on the stock.
McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry, retail outlets, food manufacturers and foodservice businesses.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.