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 highest price target was 107, which equates to a potential upside of 12.02 percent. The most pessimistic analyst gave a price target of 77, which equates to a potential downside of -19.39 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

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. If we look at the last 90 days instead, we find a net average change of 0.61 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 4 analysts that decreased their estimates. 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.

MKC has an estimated earnings growth rate of 9.08 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of MKC is 2.79.

MKC has a 52-week high of 106.50 and a 52-week low of 88.64. Currently the stock is 7.76 percent higher than its low, 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 will post this quarters earnings in days, on 0000-00-00.