McCormick (NYSE:MKC) has been downgraded from Outperform to Mkt Perform in a statement by Bernstein earlier today.
- Updated: September 16, 2016
Bernstein has downgraded McCormick(NYSE:MKC) from Outperform to Mkt Perform in a statement released on 9/16/2016.
Previously on 9/15/2016, Zacks Investment Research reported about McCormick(NYSE:MKC) upped the target price from $0.00 to $109.00. At the time, this suggested an upside of 0.12%.
Just yesterday McCormick (NYSE:MKC) traded 2.54% lower at $98.05. McCormick’s 50-day average is $100.81 and its 200-day moving average is $98.93. The last stock price close is down 3.41% from the two hundred day moving average, compared to the S&P 500 which has fallen -0.01% over the date range. 208,051 shares of McCormick were exchanged, down from ann average trading volume of 621,483.
See Graphic Below:
McCormick has a price-earnings of 28 with a 52 week low of $77.65 and a 52 week high of $107.84 and has a market capitalization of $0.0.
A total of 9 equity analysts have issued a report on McCormick. One analyst rate the stock a strong buy, one firm rate the stock a buy, seven analyts rate the company a hold, one firm rate the stock to underperform, and finally one analystrate the company as sell with a 12-month target price of $97.78
Brief Synopsis On McCormick (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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