At the time of writing, McCormick & Co., Inc. [MKC] stock is trading at $76.12, up 0.44%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MKC shares have gain 3.66% over the last week, with a monthly amount glided 7.82%, 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 June 12, 2024, when Citigroup upgraded its rating to a Neutral and also boosted its price target to $69 from $68. Previously, Argus upgraded its rating to Buy on April 02, 2024. On February 01, 2024, Citigroup initiated with a Sell rating and assigned a price target of $60 on the stock. Consumer Edge Research downgraded its rating to a Equal Weight. HSBC Securities initiated its recommendation with a Hold and recommended $86 as its price target on September 22, 2023. TD Cowen started tracking with a Market Perform rating for this stock on September 13, 2023, and assigned it a price target of $87. In a note dated June 06, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $75 to $100.
For the past year, the stock price of McCormick & Co., Inc. fluctuated between $59.13 and $90.45. Currently, Wall Street analysts expect the stock to reach $77.57 within the next 12 months. McCormick & Co., Inc. [NYSE: MKC] shares were valued at $76.12 at the most recent close of the market. An investor can expect a potential return of 1.9% based on the average MKC price forecast.
Analyzing the MKC fundamentals
According to McCormick & Co., Inc. [NYSE:MKC], the company’s sales were 6.68B for trailing twelve months, which represents an -0.96% plunge. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.14 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.84.
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 75.45 points at the first support level, and at 74.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.80, and for the 2nd resistance point, it is at 77.49.
Ratios To Look Out For
It is important to note that McCormick & Co., Inc. [NYSE:MKC] has a current ratio of 0.69. Further, the Quick Ratio stands at 0.31, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 3.06, the price to book ratio is 3.84 and price to earnings (TTM) ratio is 27.76.
Transactions by insiders
Recent insider trading involved Kurzius Lawrence Erik, Director, that happened on Jul 17 ’24 when 25000.0 shares were sold. Director, Kurzius Lawrence Erik completed a deal on May 21 ’24 to sell 80000.0 shares. Meanwhile, Chief Growth Officer Jenkins Katherine sold 2732.0 shares on May 14 ’24.
