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.
MKC was given price targets by several analysts. The most optimistic analyst gave a price target of 107, implying potential capital gains of 12.02 percent. The lowest price target was 77, implying a possible loss 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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.
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. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 2 analysts that revised their FY estimates downwards.
The growth rate of MKC's earnings is estimated by analysts to be 9.08 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 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. Today's price is 7.76 percent above the 52-week low, and 10.31 percent below the high. 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 stock has a market capitalization of $11.87 billion. MKC will post this quarters earnings in days, on 0000-00-00.