A share price of McCormick & Co., Inc. [MKC] is currently trading at $72.70, up 0.59%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MKC shares have lost -0.98% over the last week, with a monthly amount glided 4.76%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
McCormick & Co., Inc. [NYSE: MKC] stock has seen the most recent analyst activity on April 02, 2024, when Argus upgraded its rating to a Buy. Previously, Citigroup started tracking the stock with Sell rating on February 01, 2024, and set its price target to $60. On January 22, 2024, downgrade downgraded it’s rating to Equal Weight. HSBC Securities started tracking the stock assigning a Hold rating and suggested a price target of $86 on September 22, 2023. TD Cowen initiated its recommendation with a Market Perform and recommended $87 as its price target on September 13, 2023. BofA Securities upgraded its rating to Buy for this stock on June 06, 2023, and upped its price target to $100.
McCormick & Co., Inc. experienced fluctuations in its stock price throughout the past year between $59.13 and $94.39. Currently, Wall Street analysts expect the stock to reach $82 within the next 12 months. McCormick & Co., Inc. [NYSE: MKC] shares were valued at $72.70 at the most recent close of the market. An investor can expect a potential return of 12.79% based on the average MKC price forecast.
Analyzing the MKC fundamentals
Trailing Twelve Months sales for McCormick & Co., Inc. [NYSE:MKC] were 6.70B which represents 2.38% growth. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.14 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.85.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 72.40 points at the first support level, and at 72.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 72.98, and for the 2nd resistance point, it is at 73.25.
Ratios To Look Out For
To put it in perspective, the Current Ratio for McCormick & Co., Inc. [NYSE:MKC] is 0.68. As well, the Quick Ratio is 0.30, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 2.91, the price to book ratio is 3.73 and price to earnings (TTM) ratio is 27.72.
Transactions by insiders
Recent insider trading involved LITTLE PATRICIA A, Director, that happened on Apr 01 ’24 when 20000.0 shares were sold. Director, Montiel Maritza Gomez completed a deal on Mar 28 ’24 to sell 7000.0 shares. Meanwhile, Director MANGAN MICHAEL D sold 5000.0 shares on Feb 15 ’24.
