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McCormick (MKC) Stock Forecast, Price Target & Predictions

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MKC Stock Forecast

McCormick stock forecast is as follows: an average price target of $84.50 (represents a 9.84% upside from MKC’s last price of $76.93) and a rating consensus of 'Hold', based on 7 wall street analysts offering a 1-year stock forecast.

MKC Price Target

The average price target for McCormick (MKC) is $84.50 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $93.00 to $69.00. This represents a potential 9.84% upside from MKC's last price of $76.93.

MKC Analyst Ratings

Hold

According to 7 Wall Street analysts, McCormick's rating consensus is 'Hold'. The analyst rating breakdown for MKC stock is 0 'Strong Buy' (0.00%), 2 'Buy' (28.57%), 4 'Hold' (57.14%), 1 'Sell' (14.29%), and 0 'Strong Sell' (0.00%).

McCormick Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 09, 2024Rob DickersonJefferies$91.00$77.5017.42%18.29%
Oct 22, 2024Rob DickersonJefferies$85.00$78.867.79%10.49%
Oct 02, 2024Matthew SmithStifel Nicolaus$85.00$84.091.08%10.49%
Oct 01, 2024Adam SamuelsonGoldman Sachs$69.00$84.09-17.95%-10.31%
Oct 01, 2024Rob DickersonJefferies$86.00$84.092.27%11.79%
Oct 01, 2024Arun SundaramCFRA$93.00$82.9212.16%20.89%
Jun 28, 2024John StaszakArgus Research$80.00$70.6013.31%3.99%
Jun 28, 2024Steve PowersDeutsche Bank$73.00$70.603.40%-5.11%
Jun 12, 2024Thomas PalmerCoker Palmer$69.00$69.20-0.29%-10.31%
Apr 02, 2024John StaszakArgus Research$88.00$76.6214.85%14.39%
Mar 27, 2024Alejandro ZamaconaHSBC$79.00$76.593.14%2.69%
Mar 27, 2024Matthew SmithStifel Nicolaus$75.00$76.37-1.79%-2.51%
Mar 26, 2024Arun SundaramCFRA$85.00$77.309.96%10.49%
Dec 06, 2022Deutsche Bank$83.00$84.18-1.40%7.89%
Sep 12, 2022Barclays$82.00$81.260.91%6.59%
Sep 08, 2022Deutsche Bank$79.00$78.380.79%2.69%
Jul 09, 2022Steve PowersDeutsche Bank$85.00$82.073.57%10.49%
Jun 21, 2022Deutsche Bank$91.00$83.019.63%18.29%

The latest McCormick stock forecast, released on Dec 09, 2024 by Rob Dickerson from Jefferies, set a price target of $91.00, which represents a 17.42% increase from the stock price at the time of the forecast ($77.50), and a 18.29% increase from MKC last price ($76.93).

McCormick Price Target by Period

1M3M12M
# Anlaysts-113
Avg Price Target-$91.00$81.38
Last Closing Price$76.93$76.93$76.93
Upside/Downside-100.00%18.29%5.78%

In the current month, the average price target of McCormick stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to McCormick's last price of $76.93. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 23, 2024Cowen & Co.HoldHoldHold
Oct 22, 2024JefferiesHoldHoldHold
Oct 02, 2024Cowen & Co.HoldHoldHold
Oct 01, 2024Goldman SachsSellSellHold
Oct 01, 2024JefferiesHoldHoldHold
Jun 28, 2024Cowen & Co.BuyBuyHold
Jun 28, 2024CitigroupNeutralNeutralHold
Jun 28, 2024Deutsche BankHoldHoldHold
Jun 24, 2024Cowen & Co.HoldHoldHold
Jun 12, 2024CitigroupNeutralUpgrade
Mar 26, 2024CFRABuyUpgrade
Jun 06, 2023Bank of America SecuritiesBuyUpgrade
Sep 08, 2022Deutsche BankHoldHoldHold
Jun 21, 2022Deutsche BankHoldHoldHold

McCormick's last stock rating was published by Cowen & Co. on Oct 23, 2024. The company gave MKC a "Hold" rating, the same as its previous rate.

McCormick Financial Forecast

McCormick Revenue Forecast

Nov 27Aug 27May 27Mar 27Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Mar 24Nov 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20
Revenue----------------$1.75B$1.68B$1.66B--$1.60B$1.54B--$1.55B$1.56B--$1.43B
Avg Forecast$1.99B$1.85B$1.79B$1.72B$1.91B$1.78B$1.73B$1.67B$1.83B$1.71B$1.67B$1.61B$1.77B$1.67B$1.63B$1.55B$1.79B$1.70B$1.67B$1.54B$1.62B$1.60B$1.61B$1.47B$1.71B$1.54B$1.47B$1.38B$1.56B$1.40B
High Forecast$2.00B$1.86B$1.81B$1.74B$1.92B$1.79B$1.74B$1.68B$1.84B$1.72B$1.68B$1.62B$1.79B$1.67B$1.63B$1.55B$1.81B$1.71B$1.68B$1.56B$1.94B$1.61B$1.62B$1.48B$1.73B$1.55B$1.48B$1.39B$1.57B$1.41B
Low Forecast$1.96B$1.83B$1.77B$1.71B$1.88B$1.76B$1.71B$1.65B$1.81B$1.69B$1.65B$1.59B$1.75B$1.67B$1.63B$1.55B$1.78B$1.68B$1.65B$1.53B$1.29B$1.59B$1.60B$1.46B$1.71B$1.53B$1.46B$1.37B$1.56B$1.39B
# Analysts4443444333356333655413222444346
Surprise %----------------0.98%0.99%0.99%--1.00%0.96%--1.01%1.06%--1.02%

McCormick's average Quarter revenue forecast for Mar 24 based on 3 analysts is $1.55B, with a low forecast of $1.55B, and a high forecast of $1.55B. MKC's average Quarter revenue forecast represents a -11.60% decrease compared to the company's last Quarter revenue of $1.75B (Nov 23).

McCormick EBITDA Forecast

Nov 27Aug 27May 27Mar 27Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Mar 24Nov 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20
# Analysts4443444333356333655413222444346
EBITDA----------------$297.20M$245.00M$221.80M--$316.40M$229.30M--$325.00M$308.50M--$328.90M
Avg Forecast$386.06M$359.64M$348.69M$335.18M$370.41M$345.26M$336.56M$324.08M$356.05M$331.98M$323.84M$312.76M$344.59M$324.12M$316.59M$323.10M$348.43M$329.79M$324.19M$293.72M$350.18M$321.79M$323.15M$267.02M$344.84M$309.43M$295.31M$235.69M$314.61M$280.82M
High Forecast$388.75M$362.14M$351.12M$337.52M$372.98M$347.67M$338.90M$326.33M$358.53M$334.29M$326.09M$314.71M$346.99M$324.21M$316.59M$387.72M$352.34M$332.09M$326.44M$352.47M$420.22M$324.02M$325.40M$320.43M$347.24M$311.58M$297.36M$282.83M$316.80M$282.77M
Low Forecast$381.70M$355.57M$344.76M$331.40M$366.22M$341.36M$332.75M$320.42M$352.03M$328.23M$320.18M$308.88M$340.70M$324.02M$316.59M$258.48M$346.47M$326.07M$320.52M$234.98M$280.14M$320.41M$321.77M$213.62M$343.37M$308.11M$294.05M$188.55M$313.27M$279.62M
Surprise %----------------0.85%0.74%0.68%--0.98%0.71%--1.05%1.04%--1.17%

3 analysts predict MKC's average Quarter EBITDA for Mar 24 to be $323.10M, with a high of $387.72M and a low of $258.48M. This is 8.71% upper than McCormick's previous annual EBITDA (Nov 23) of $297.20M.

McCormick Net Income Forecast

Nov 27Aug 27May 27Mar 27Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Mar 24Nov 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20
# Analysts4443444333356333655413222444346
Net Income----------------$200.60M$156.70M$141.80M--$222.90M$118.50M--$212.40M$183.70M--$206.10M
Avg Forecast$287.08M$255.02M$215.14M$211.73M$265.90M$240.02M$200.49M$190.38M$244.91M$224.49M$185.29M$173.01M$207.32M$181.57M$158.13M$184.41M$213.82M$175.84M$155.61M$167.64M$206.28M$190.09M$175.16M$152.40M$215.81M$194.47M$165.93M$126.15M$217.89M$205.22M
High Forecast$289.67M$257.32M$217.09M$213.64M$268.30M$242.19M$202.30M$192.10M$247.13M$226.52M$186.97M$175.71M$212.71M$181.60M$158.17M$221.29M$216.53M$177.44M$157.01M$201.17M$247.54M$191.80M$176.75M$182.88M$217.76M$196.23M$167.43M$151.38M$219.86M$207.07M
Low Forecast$282.86M$251.27M$211.98M$208.62M$261.99M$236.49M$197.54M$187.58M$241.31M$221.19M$182.57M$164.90M$201.94M$181.54M$158.09M$147.52M$211.11M$173.26M$153.32M$134.11M$165.03M$189.03M$174.19M$121.92M$214.61M$193.39M$165.01M$100.92M$216.68M$204.08M
Surprise %----------------0.94%0.89%0.91%--1.17%0.68%--1.09%1.11%--1.00%

McCormick's average Quarter net income forecast for Mar 24 is $184.41M, with a range of $147.52M to $221.29M. MKC's average Quarter net income forecast represents a -8.07% decrease compared to the company's last Quarter net income of $200.60M (Nov 23).

McCormick SG&A Forecast

Nov 27Aug 27May 27Mar 27Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Mar 24Nov 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20
# Analysts4443444333356333655413222444346
SG&A----------------$390.00M$371.70M$380.50M--$328.10M$349.20M--$327.30M$356.60M--$317.20M
Avg Forecast$436.43M$406.56M$394.19M$378.92M$418.74M$390.32M$380.47M$366.37M$402.51M$375.30M$366.10M$353.57M$389.55M$366.41M$357.90M$396.79M$393.89M$372.83M$366.49M$360.72M$416.85M$353.40M$354.90M$327.92M$378.72M$339.83M$324.32M$250.51M$345.52M$308.41M
High Forecast$439.47M$409.39M$396.93M$381.55M$421.65M$393.03M$383.12M$368.91M$405.31M$377.91M$368.64M$355.77M$392.26M$366.52M$357.90M$476.15M$398.32M$375.42M$369.04M$432.86M$500.22M$355.85M$357.37M$393.51M$381.35M$342.19M$326.58M$300.61M$347.92M$310.55M
Low Forecast$431.50M$401.97M$389.74M$374.64M$414.01M$385.91M$376.17M$362.23M$397.96M$371.06M$361.96M$349.18M$385.15M$366.30M$357.89M$317.43M$391.68M$368.61M$362.35M$288.57M$333.48M$351.89M$353.38M$262.34M$377.10M$338.38M$322.94M$200.40M$344.04M$307.09M
Surprise %----------------0.99%1.00%1.04%--0.93%0.98%--0.96%1.10%--1.03%

McCormick's average Quarter SG&A projection for Mar 24 is $396.79M, based on 3 Wall Street analysts, with a range of $317.43M to $476.15M. The forecast indicates a 1.74% rise compared to MKC last annual SG&A of $390.00M (Nov 23).

McCormick EPS Forecast

Nov 27Aug 27May 27Mar 27Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Mar 24Nov 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20
# Analysts4443444333356333655413222444346
EPS----------------$0.75$0.58$0.53--$0.83$0.44--$0.79$0.69--$0.78
Avg Forecast$1.06$0.95$0.80$0.79$0.99$0.89$0.74$0.71$0.91$0.83$0.69$0.64$0.77$0.67$0.59$0.58$0.79$0.65$0.58$0.50$1.95$0.70$0.65$0.62$0.80$0.72$0.62$0.59$0.81$0.76
High Forecast$1.07$0.95$0.80$0.79$0.99$0.90$0.75$0.71$0.92$0.84$0.69$0.65$0.79$0.67$0.59$0.58$0.80$0.66$0.58$0.50$1.98$0.71$0.66$0.62$0.81$0.73$0.62$0.59$0.82$0.77
Low Forecast$1.05$0.93$0.79$0.77$0.97$0.88$0.73$0.70$0.89$0.82$0.68$0.61$0.75$0.67$0.59$0.58$0.78$0.64$0.57$0.49$1.91$0.70$0.65$0.61$0.80$0.72$0.61$0.58$0.80$0.76
Surprise %----------------0.95%0.89%0.92%--1.18%0.68%--1.10%1.12%--1.03%

According to 3 Wall Street analysts, McCormick's projected average Quarter EPS for Mar 24 is $0.58, with a low estimate of $0.58 and a high estimate of $0.58. This represents a -23.13% decrease compared to MKC previous annual EPS of $0.75 (Nov 23).

McCormick Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CPBCampbell Soup$38.67$52.1334.81%Hold
CAGConagra Brands$25.90$33.0027.41%Hold
GISGeneral Mills$59.90$75.5026.04%Hold
SJMJ. M. Smucker$105.89$127.7520.64%Hold
KHCKraft Heinz$29.66$35.7520.53%Buy
MKCMcCormick$76.93$84.509.84%Hold
HRLHormel Foods$30.18$32.006.03%Hold
KKellogg$81.77$80.64-1.38%Hold

MKC Forecast FAQ

Is McCormick a good buy?

No, according to 7 Wall Street analysts, McCormick (MKC) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 28.57% of MKC's total ratings.

What is MKC's price target?

McCormick (MKC) average price target is $84.5 with a range of $69 to $93, implying a 9.84% from its last price of $76.93. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will McCormick stock go up soon?

According to Wall Street analysts' prediction for MKC stock, the company can go up by 9.84% (from the last price of $76.93 to the average price target of $84.5), up by 20.89% based on the highest stock price target, and down by -10.31% based on the lowest stock price target.

Can McCormick stock reach $120?

MKC's average twelve months analyst stock price target of $84.5 does not support the claim that McCormick can reach $120 in the near future.

What are McCormick's analysts' financial forecasts?

McCormick's analysts financial forecasts for the fiscal year (Nov 2026) are as follows: average revenue is $7.08B (high $7.13B, low $7B), average EBITDA is $1.38B (high $1.39B, low $1.36B), average net income is $896.79M (high $904.89M, low $883.62M), average SG&A $1.56B (high $1.57B, low $1.54B), and average EPS is $3.33 (high $3.36, low $3.28). MKC's analysts financial forecasts for the fiscal year (Nov 2027) are as follows: average revenue is $7.36B (high $7.41B, low $7.27B), average EBITDA is $1.43B (high $1.44B, low $1.41B), average net income is $968.97M (high $977.73M, low $954.74M), average SG&A $1.62B (high $1.63B, low $1.6B), and average EPS is $3.59 (high $3.63, low $3.54).

Did the MKC's actual financial results beat the analysts' financial forecasts?

Based on McCormick's last annual report (Nov 2023), the company's revenue was $6.66B, which missed the average analysts forecast of $6.7B by -0.60%. Apple's EBITDA was $963M, missing the average prediction of $1.3B by -25.70%. The company's net income was $624.2M, missing the average estimation of $712.91M by -12.44%. Apple's SG&A was $1.48B, missing the average forecast of $1.49B by -1.05%. Lastly, the company's EPS was $2.33, missing the average prediction of $2.52 by -7.61%. In terms of the last quarterly report (Nov 2023), McCormick's revenue was $1.75B, missing the average analysts' forecast of $1.79B by -2.22%. The company's EBITDA was $297.2M, missing the average prediction of $348.43M by -14.70%. McCormick's net income was $200.6M, missing the average estimation of $213.82M by -6.18%. The company's SG&A was $390M, missing the average forecast of $393.89M by -0.99%. Lastly, the company's EPS was $0.75, missing the average prediction of $0.793 by -5.40%