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

$74.70 +1.46 (+2.00%)

As of 01/23/2025 03:59 PM Eastern

McCormick & Company, Incorporated - Analysts' Recommendations and Stock Price Forecast (2025)

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

Moderate Buy

Based on 9 Analyst Ratings

Sell
1

Hold
3

Buy
5

Based on 9 Wall Street analysts who have issued ratings for McCormick & Company, Incorporated in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 1 has given a sell rating, 3 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for MKC.

Consensus Price Target

$82.63
10.60% Upside

According to the 9 analysts' twelve-month price targets for McCormick & Company, Incorporated, the average price target is $82.63. The highest price target for MKC is $96.00, while the lowest price target for MKC is $66.00. The average price target represents a forecasted upside of 10.60% from the current price of $74.70.

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MKC Analyst Ratings Over Time

Type	Current Forecast 1/25/24 to 1/24/25	1 Month Ago 12/26/23 to 12/25/24	3 Months Ago 10/27/23 to 10/26/24	1 Year Ago 1/25/23 to 1/25/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$82.63	$81.00	$79.57	$77.90
Forecasted Upside	10.60% Upside	3.81% Upside	2.20% Upside	13.56% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Hold

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.

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.

McCormick & Company, Incorporated Stock vs. The Competition

Type	McCormick & Company, Incorporated	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.56	2.49	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	10.60% Upside	44.53% Upside	11.30% Upside
News Sentiment Rating	Positive News See Recent MKC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
1/15/2025	JPMorgan Chase & Co. 3 of 5 stars	Ken Goldman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight ➝ Underweight	$68.00 ➝ $66.00	-7.81%
1/8/2025	TD Cowen 5 of 5 stars	R. Moskow Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$86.00 ➝ $90.00	+21.13%
12/9/2024	Jefferies Financial Group 2 of 5 stars		Upgrade	Hold ➝ Buy	$85.00 ➝ $91.00	+17.42%
10/2/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Gumport Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
10/2/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$75.00 ➝ $85.00	+3.85%
10/2/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$95.00 ➝ $96.00	+14.19%
6/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Palmer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$68.00 ➝ $69.00	-0.32%
4/2/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$88.00	+14.85%
3/28/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$71.00 ➝ $76.00	-0.03%
1/22/2024	Consumer Edge Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight
Get the Latest News and Ratings for MKC and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for McCormick & Company, Incorporated and its competitors with MarketBeat's FREE daily newsletter.
9/22/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$86.00	+11.10%
3/29/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$69.00 ➝ $75.00	-8.18%
3/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$75.00 ➝ $72.00	-1.09%
3/10/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$71.00	-1.39%
1/27/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$90.00	+22.52%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:36 AM ET.

Should I Buy McCormick & Company, Incorporated Stock? MKC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, January 10, 2025. Please send any questions or comments about these McCormick & Company, Incorporated pros and cons to contact@marketbeat.com.

McCormick & Company, Incorporated
Bull Case

Here are some ways that investors could benefit from investing in McCormick & Company, Incorporated:

The stock is currently trading at $74.30, which may present a buying opportunity for investors looking for value in the market.
McCormick & Company, Incorporated has recently increased its quarterly dividend from $0.42 to $0.45 per share, indicating a commitment to returning value to shareholders.
Analysts have shown confidence in the stock, with several upgrades in ratings and target prices, including a "strong-buy" rating from BNP Paribas.
Institutional investors hold a significant 79.74% of the company's stock, suggesting strong confidence from large financial entities in McCormick & Company, Incorporated's future performance.
The company has a solid market capitalization of $19.94 billion, which reflects its stability and potential for growth in the food industry.

McCormick & Company, Incorporated
Bear Case

Investors should be bearish about investing in McCormick & Company, Incorporated for these reasons:

Insider selling has been notable, with 20,000 shares sold in the last 90 days, which may indicate a lack of confidence from those closest to the company.
The stock has experienced a decline from its 1-year high of $85.49, which could signal potential volatility and risk for investors.
The company's debt-to-equity ratio stands at 0.61, which, while not excessively high, indicates that the company does carry some debt that could impact financial flexibility.
Despite recent upgrades, the average analyst rating remains a "Hold," suggesting that there may not be strong bullish sentiment among all analysts.
The current P/E ratio of 25.27 may be considered high compared to industry averages, potentially indicating that the stock is overvalued at its current price.

MKC Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for McCormick & Company, Incorporated is $82.63, with a high forecast of $96.00 and a low forecast of $66.00.
: 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, 3 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MKC shares.
: According to analysts, McCormick & Company, Incorporated's stock has a predicted upside of 10.60% based on their 12-month stock forecasts.
: Over the previous 90 days, McCormick & Company, Incorporated's stock had 2 upgrades by analysts.
: McCormick & Company, Incorporated has been rated by research analysts at Jefferies Financial Group, JPMorgan Chase & Co., and TD Cowen in the past 90 days.
: Analysts like McCormick & Company, Incorporated more than other "consumer staples" companies. The consensus rating for McCormick & Company, Incorporated is Moderate Buy while the average consensus rating for "consumer staples" companies is Hold. Learn more on how MKC compares to other companies.

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This page (NYSE:MKC) was last updated on 1/24/2025 by MarketBeat.com Staff

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