A report released today by Zacks Investment Research about McCormick & Company, Incorporated (NYSE:MKC) ups the target price to $113.00
- Updated: September 17, 2016
Indicating a possible upside of 0.10%, Zacks Investment Research upped the price target of McCormick & Company, Incorporated (NYSE:MKC) to $113.
Previously on 6/24/2016, Deutsche Bank released a statement for McCormick & Company, Incorporated(NYSE:MKC) raised the target price from $105.00 to $110.00. At the time, this indicated a possible upside of 0.08%.
Boasting a price of $102.53, McCormick & Company, Incorporated (NYSE:MKC) traded 2.23% lower on the day. The last stock close is up 3.13% from the 200-day moving average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. MKC has recorded a 50-day moving average of $101.10 and 200-day moving average of $98.96. 1,348,245 shares of the stock traded hands, up from ann avg. trading volume of 626,916
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McCormick & Company, Incorporated has a price-earnings of 28 with a one-year low of $77.65 and a one-year high of $107.84. The company’s market cap is presently $0.0.
In addition to Zacks Investment Research reporting it’s stock price target, a total of 9 firms have issued a report on MKC. The average target is $97.78 with one firm rating the stock a strong buy, one firm rating the stock a buy, seven analyts rating the stock a hold, one analyst rating the stock to underperform, and lastly one firmrating the company as sell.
Brief Synopsis About McCormick & Company, Incorporated (NYSE:MKC)
McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company operates in two segments: consumer and industrial. Its brands in the Americas include McCormick, Lawry’s, Stubb’s, Club House, Zatarain’s, Thai Kitchen and Simply Asia. In Europe and the Middle East and Africa (EMEA), the Company’s brands include the Ducros, Schwartz, Kamis, Drogheria & Alimentari, and a line of Vahine brand dessert items. In the Asia/Pacific region, it markets products under the McCormick and DaQiao brands in China. In Australia, it markets its spices and seasonings under the McCormick brand and its dessert products under the Aeroplane brand. In India, and its joint venture trades under the Kohinoor brand. The industrial segment sells to food manufacturers and the foodservice industry both directly and indirectly through distributors.
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