Sanford C. Bernstein disclosed McCormick & Company, Incorporated (NYSE:MKC), bumping down its stock price target to $104.00 earlier today
- Updated: September 15, 2016
McCormick & Company, Incorporated (NYSE:MKC) had its estimated target price reduced to $104 by Sanford C. Bernstein in an issued report issued 9/16/2016. The new target price implies a possible upside of 0.07% from the company’s previous stock close price.
Previously on Thursday September 15 2016, Zacks Investment Research released a statement about McCormick & Company, Incorporated(NYSE:MKC) raised the target price from $0.00 to $109.00 that indicated a possible upside of 0.12%.
Having a price of $97.60, McCormick & Company, Incorporated (NYSE:MKC) traded 2.54% lower on the day. The last stock close is down 3.41% relative to the two hundred day moving average, compared with the S&P 500 Index which has fallen -0.01% over the date range. McCormick & Company, Incorporated has logged a 50-day average of $100.81 and two hundred day moving average of $98.93. Trade volume was was down over the average, with 208,051 shares of MKC changing hands under the typical 621,483 shares.
McCormick & Company, Incorporated has a price-earnings of 28 with a 52 week low of $77.65 and a 52 week high of $107.84. McCormick & Company, Incorporated’s market cap is presently $0.0.
In addition to Sanford C. Bernstein reporting it’s target price, a total of 9 firms have reported on the stock. The 12-month target is $97.78 with one analyst rating the company a strong buy, one analyst rating the company a buy, seven firms rating the stock a hold, one brokerage rating the stock to underperform, and finally one firmrating the company as sell.
Brief Synopsis On 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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