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, implying a possible profit of 12.02 percent. The most pessimistic price target was 77, implying potential capital losses 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.
Analysts have revised their earnings estimates downwards for this quarter, by about -1.83 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -1.38 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.61 percent, as compared to a month ago. 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. Over the past month, 0 analysts increased their quarterly estimates, while 4 analysts revised their estimates downwards. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 2 analysts decreased their 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. 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. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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 10.31 percent below the high. MKC has a price/earnings 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.