McCormick & Co., Inc. [NYSE: MKC] price surged by 1.07 percent to reach at $0.87.
The one-year MKC stock forecast points to a potential downside of -6.58. The average equity rating for MKC stock is currently 2.74, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on McCormick & Co., Inc. [MKC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MKC shares is $77.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MKC stock is a recommendation set at 2.74. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for McCormick & Co., Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 12, 2024. The new note on the price target was released on April 02, 2024, representing the official price target for McCormick & Co., Inc. stock. Previously, the target price had yet another raise to $60, while Citigroup analysts kept a Sell rating on MKC stock.
The Average True Range (ATR) for McCormick & Co., Inc. is set at 1.39, with the Price to Sales ratio for MKC stock in the period of the last 12 months amounting to 3.30. The Price to Book ratio for the last quarter was 4.14, with the Price to Cash per share for the same quarter was set at 0.62. Price to Free Cash Flow for MKC in the course of the last twelve months was 25.37 with Quick ratio for the last quarter at 0.31.
MKC Stock Performance Analysis:
McCormick & Co., Inc. [MKC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.55. With this latest performance, MKC shares gained by 7.58% in over the last four-week period, additionally plugging by 19.11% over the last 6 months – not to mention a rise of 2.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MKC stock in for the last two-week period is set at 73.34, with the RSI for the last a single of trading hit 78.21, and the three-weeks RSI is set at 69.68 for McCormick & Co., Inc. [MKC]. The present Moving Average for the last 50 days of trading for this stock 75.30, while it was recorded at 80.41 for the last single week of trading, and 71.14 for the last 200 days.
Insight into McCormick & Co., Inc. Fundamentals:
McCormick & Co., Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.31 and a Current Ratio set at 0.69.
MKC Stock EPS
With the latest financial reports released by the company, McCormick & Co., Inc. posted 0.65/share EPS, while the average EPS was predicted by analysts to be reported at 0.65/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MKC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for McCormick & Co., Inc. go to 7.57%.
McCormick & Co., Inc. [MKC] Institutonal Ownership Details
There are presently around $87.79%, or 87.81%% of MKC stock, in the hands of institutional investors. The top three institutional holders of MKC stocks are: VANGUARD GROUP INC with ownership of 31.22 million shares, which is approximately 11.6231%. BLACKROCK INC., holding 19.39 million shares of the stock with an approximate value of $$1.38 billion in MKC stocks shares; and BLACKROCK INC., currently with $$1.19 billion in MKC stock with ownership which is approximately 6.2232%.
