McCormick & Company Incorporated (MKC) : 1 brokerage houses believe that McCormick & Company Incorporated (MKC) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on McCormick & Company Incorporated (MKC). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 6 Wall Street Analysts endorse the stock as a Hold with a rating of 2.67.
McCormick & Company Incorporated (MKC) : The consensus price target for McCormick & Company Incorporated (MKC) is $105.67 for the short term with a standard deviation of $6.66. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $113, however, the pessimist price target for the company is $100.
Also, Major Brokerage house, Citigroup upgrades its ratings on McCormick & Company Incorporated (NYSE:MKC). In the latest research report, Citigroup raises the target price from $85 per share to $102 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on June 23, 2016.
McCormick & Company Incorporated (NYSE:MKC): After opening at $96.72, the stock dipped to an intraday low of $96.39 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $98.14 and the buying power remained strong till the end. The stock closed at $98.05 for the day, a gain of 1.19% for the day session. The total traded volume was 617,395. The stocks close on the previous trading day was $96.9.
McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the food industry. The Company has two business segments: consumer and industrial. Under the Consumer segment, its brands in the Americas include McCormick, Lawrys and Club House. It also markets ethnic brands, such as Zatarains, Thai Kitchen and Simply Asia. In Europe, the Middle East and Africa (EMEA), its brands include the Ducros, Schwartz and Kamis brands of spices, herbs and seasonings, and a line of Vahine brand dessert items. In the Asia/Pacific region, it markets products under the McCormick and DaQiao brands. In Australia, it markets products under the McCormick brand. In India, its majority-owned joint venture owns and trades under the Kohinoor brand. In the industrial business segment, it offers seasoning blends, spices and herbs, condiments, coating systems and compound flavors to food manufacturers and foodservice customers.