McCormick & Co., Inc (NYSE:MKC) currently has a daily average trading volume of 2.23M but it saw 1666522 shares traded in last market. With a market cap of 21.80B USD, the company’s current market price of $81.29 came falling about -1.17 while comparing to the previous closing price of $82.25. In past 52 weeks, the stock remained buoying in the range of price level as high as $86.24 and as low as $66.88. In the recent trading on the day, stock has struck highest price mark of $81.15 while lowest mark touched by it was $82.77.
Taking a look at 20-day trading activity of McCormick & Co., Inc (MKC) gives us an average price of $81.51, while its current price level is -5.74% below from 52-week high level whereas it is 21.54% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $79.67 while that of 200 days or SMA-200 reads an average of $77.86. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.05% during that period while stretching the period over a month that increases to 2.38%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 51.64 which implies that the stock is in neutral territory.
TD Cowen upgraded its recommendation for the stock as a “Buy” from “Hold” on January 08, 2025 while assigning a price target range of $86-$90. Jefferies issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $85 and $91.
Over the week, MKC’s stock price is moving 0.52% up while it is -1.30% when we observe its performance for the past one month. Year-to-date it is 6.62% up and over the past year, the stock is showing an upside performance of 6.10%.
The company is expected to be releasing its next quarterly report on 2025-Mar-24, for which analysts forecasted an EPS of 0.68 while estimate for next year EPS is 3.06. In next quarter, company is expected to be making quarterly sales of $1.71B as analysts are expecting the sales for current fiscal year at $6.82B and seeing the company making $7.06B in sales next year. Moreover, analysts are in estimates of $1.67B for current-quarter revenue.
Currently, McCormick & Co., Inc’s total number of outstanding shares is 252.68M with 0.02% of that held by the insiders while 88.48% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 9.21% and return on equity (ROE) at 14.73%. It has a price to earnings ratio (P/E ratio) of 27.91 while having a 24.49 of forward P/E ratio. Stock’s beta reads 0.73. Stock has a price to book (P/B) ratio of 4.02 while price to sale or P/S ratio amounts to 3.24. Its return on asset (ROA) is 6.09% on average.
