Analyst Ratings for McCormick & Co. Inc. (MKC)

Updated: 2017-07-29

McCormick & Co. Inc. (NYSE:MKC) was awarded an average rating of Hold from investment analysts following the stock. MKC had previously received a consensus rating of Hold a month ago.

Of the 15 analysts covering the stock, 1 gave it a buy rating, 0 issued an overweight rating, 13 issued a hold rating, 0 gave an underweight rating, and 1 gave a sell rating. Compared to three months ago, there has been an decrease of 2 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

A number of analysts gave price targets for MKC. The most optimistic price target was 107, implying potential capital gains of 12.02 percent. The most pessimistic price target was 77, which equates to a potential downside of -19.39 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -1.83 percent. That number becomes -1.38 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0.61 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.61 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 4 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.

The growth rate of MKC's earnings is estimated by analysts to be 9.08 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. MKC has a PEG ratio of 2.79.

In the last 52-weeks, MKC has achieved a high of 106.50 and a low of 88.64. The current market price is above the trailing year's low by 7.76 percent, and below the high by 10.31 percent. MKC has a P/E ratio of 25.34. Investors typically compare the P/E ratio to a company's peers in the industry. The MKC value stock report compares MKC to some of its peers using value stock charts. The market cap of MKC is $11.87 billion. MKC's next earnings release will be on 0000-00-00, which is days away.