McCormick & Co., Inc [MKC] stock is trading at $80.56, down -1.04%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MKC shares have gain 3.95% over the last week, with a monthly amount glided 6.22%, 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 December 09, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $91 from $85. Previously, Citigroup upgraded its rating to Neutral on June 12, 2024, and elevated its price target to $69. On April 02, 2024, upgrade upgraded it’s rating to Buy. Citigroup started tracking the stock assigning a Sell rating and suggested a price target of $60 on February 01, 2024. Consumer Edge Research downgraded its rating to a Equal Weight. HSBC Securities started tracking with a Hold rating for this stock on September 22, 2023, and assigned it a price target of $86. In a note dated September 13, 2023, TD Cowen initiated an Market Perform rating and provided a target price of $87 on this stock.
McCormick & Co., Inc [MKC] stock has fluctuated between $63.88 and $85.49 over the past year. Currently, Wall Street analysts expect the stock to reach $81.83 within the next 12 months. McCormick & Co., Inc [NYSE: MKC] shares were valued at $80.56 at the most recent close of the market. An investor can expect a potential return of 1.58% based on the average MKC price forecast.
Analyzing the MKC fundamentals
McCormick & Co., Inc [NYSE:MKC] reported sales of 6.68B for the trailing twelve months, which represents 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 79.99 points at the first support level, and at 79.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.27, and for the 2nd resistance point, it is at 81.98.
Ratios To Look Out For
For context, McCormick & Co., Inc’s Current Ratio is 0.71. As well, the Quick Ratio is 0.32, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 3.20, the price to book ratio is 3.99 and price to earnings (TTM) ratio is 27.41.
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.
