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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.

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