At the time of writing, McCormick & Co., Inc [MKC] stock is trading at $74.76, up 2.08%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MKC shares have gain 4.15% over the last week, with a monthly amount drifted -4.45%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
McCormick & Co., Inc [NYSE: MKC] stock has seen the most recent analyst activity on January 08, 2025, when TD Cowen upgraded its rating to a Buy and also boosted its price target to $90 from $86. Previously, Jefferies upgraded its rating to Buy on December 09, 2024, and elevated its price target to $91. On June 12, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $69 on the stock. Argus upgraded its rating to a Buy. Citigroup initiated its recommendation with a Sell and recommended $60 as its price target on February 01, 2024. Consumer Edge Research downgraded its rating to Equal Weight for this stock on January 22, 2024. In a note dated September 22, 2023, HSBC Securities initiated an Hold rating and provided a target price of $86 on this stock.
For the past year, the stock price of McCormick & Co., Inc fluctuated between $64.33 and $85.49. Currently, Wall Street analysts expect the stock to reach $84.5 within the next 12 months. McCormick & Co., Inc [NYSE: MKC] shares were valued at $74.76 at the most recent close of the market. An investor can expect a potential return of 13.03% 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 -0.29% plunge. Gross Profit Margin for this corporation currently stands at 0.39% 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 0.82.
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 72.75 points at the first support level, and at 70.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.51, and for the 2nd resistance point, it is at 78.27.
Ratios To Look Out For
It is important to note that McCormick & Co., Inc [NYSE:MKC] has a current ratio of 0.71. In addition, the Quick Ratio stands at 0.32 and the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 3.00, the price to book ratio is 3.70 and price to earnings (TTM) ratio is 25.43.
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.
