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McCormick & Company, Incorporated (MKC) Stock Forecast & Price Target

$72.06
+0.61 (+0.85%)
(As of 11:00 AM ET)

McCormick & Company, Incorporated - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$76.25
5.81% Upside
High Forecast$88.00
Average Forecast$76.25
Low Forecast$57.00
TypeCurrent Forecast
7/16/23 to 7/15/24
1 Month Ago
6/16/23 to 6/15/24
3 Months Ago
4/17/23 to 4/16/24
1 Year Ago
7/16/22 to 7/16/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
4 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
5 Hold rating(s)
3 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$76.25$78.00$77.88$83.40
Forecasted Upside5.81% Upside5.34% Upside4.04% Upside2.61% Upside
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MKC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MKC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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McCormick & Company, Incorporated Stock vs. The Competition

TypeMcCormick & Company, IncorporatedConsumer Staples CompaniesS&P 500
Consensus Rating Score
2.11
2.43
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside6.72% Upside740.62% Upside9.20% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/24/2024TD Cowen
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 Lower TargetHold ➝ Hold$75.00 ➝ $73.00+4.72%
6/12/2024Citigroup
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T. Palmer
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UpgradeSell ➝ Neutral$68.00 ➝ $69.00-0.32%
4/2/2024Argus
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 UpgradeHold ➝ Buy$88.00+14.85%
3/28/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$71.00 ➝ $76.00-0.03%
3/27/2024Stifel Nicolaus
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 Boost TargetHold ➝ Hold$70.00 ➝ $75.00-0.60%
1/26/2024JPMorgan Chase & Co.
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 Lower TargetUnderweight ➝ Underweight$59.00 ➝ $57.00-16.84%
1/22/2024Consumer Edge
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 DowngradeOverweight ➝ Equal Weight
10/4/2023Bank of America
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 Lower TargetBuy ➝ Buy$100.00 ➝ $86.00+25.73%
9/22/2023HSBC
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 Initiated CoverageHold$86.00+11.10%
3/29/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetHold$69.00 ➝ $75.00-8.18%
3/21/2023Credit Suisse Group
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 Lower Target$75.00 ➝ $72.00-1.09%
3/10/2023UBS Group
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 Initiated CoverageSell$71.00-1.39%
1/27/2023Sanford C. Bernstein
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 UpgradeMarket Perform ➝ Outperform$90.00+22.52%
11/15/2022BNP Paribas
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 Initiated CoverageOutperform$94.00+13.60%
11/15/2022Exane BNP Paribas
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Max Gumport
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Initiated CoverageUnderperform ➝ Outperform$94.00+13.60%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 11:30 AM ET.

MKC Forecast - Frequently Asked Questions

What is McCormick & Company, Incorporated's forecast for 2024?

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for McCormick & Company, Incorporated is $76.25, with a high forecast of $88.00 and a low forecast of $57.00.

Should I buy or sell McCormick & Company, Incorporated stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last year. There is currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MKC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MKC, but not buy additional shares or sell existing shares.

Does McCormick & Company, Incorporated's stock price have much upside?

According to analysts, McCormick & Company, Incorporated's stock has a predicted upside of 4.92% based on their 12-month stock forecasts.

Has McCormick & Company, Incorporated been upgraded by Wall Street analysts recently?

Over the previous 90 days, McCormick & Company, Incorporated's stock had 1 upgrade by analysts.

What analysts cover McCormick & Company, Incorporated?

McCormick & Company, Incorporated has been rated by research analysts at Citigroup, and TD Cowen in the past 90 days.

Do Wall Street analysts like McCormick & Company, Incorporated more than its competitors?

Analysts like McCormick & Company, Incorporated less than other "consumer staples" companies. The consensus rating score for McCormick & Company, Incorporated is 2.11 while the average consensus rating score for "consumer staples" companies is 2.43. Learn more on how MKC compares to other companies.


This page (NYSE:MKC) was last updated on 7/15/2024 by MarketBeat.com Staff

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