McCormick & Co., Inc [MKC] stock prices are up 2.42% to $77.13 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MKC shares have gain 1.70% over the last week, with a monthly amount drifted -2.19%, and not 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.
The stock price of McCormick & Co., Inc [MKC] has been fluctuating between $63.67 and $85.49 over the past year. Currently, Wall Street analysts expect the stock to reach $79.44 within the next 12 months. McCormick & Co., Inc [NYSE: MKC] shares were valued at $77.13 at the most recent close of the market. An investor can expect a potential return of 2.99% based on the average MKC price forecast.
Analyzing the MKC fundamentals
The McCormick & Co., Inc [NYSE:MKC] reported sales of 6.68B for trailing twelve months, representing a drop of -0.29%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.15 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 75.79 points at the first support level, and at 74.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.86, and for the 2nd resistance point, it is at 78.59.
Ratios To Look Out For
It’s worth pointing out that McCormick & Co., Inc [NYSE:MKC]’s Current Ratio is 0.71. On the other hand, the Quick Ratio is 0.32, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 3.10, the price to book ratio is 3.82 and price to earnings (TTM) ratio is 26.24.
Transactions by insiders
Recent insider trading involved Tapiero Jacques, Director, that happened on Nov 11 ’24 when 5000.0 shares were sold. Director, MANGAN MICHAEL D completed a deal on Nov 06 ’24 to sell 5000.0 shares. Meanwhile, Director Tapiero Jacques sold 5000.0 shares on Nov 04 ’24.
