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.

Investment analysts gave a few price targets for MKC. The most optimistic analyst gave a price target of 107, which equates to a potential upside of 12.02 percent. The most pessimistic analyst gave a price target of 77, implying potential capital losses of -19.39 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.83 percent. The average change in earnings estimates over the last 90 days is -1.38 percent. 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.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 4 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, 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. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies 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. 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.