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McCormick to Report Fiscal 2Q17: Here’s What to Expect

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Part 5
McCormick to Report Fiscal 2Q17: Here’s What to Expect PART 5 OF 6

How Wall Street Analysts View McCormick Stock

Analysts maintain a neutral stand

The majority of analysts covering McCormick (MKC) recommend a “hold,” as they believe that positive factors are priced into the company’s stock. Industry-wide softness, higher promotional spending to support new products, and adverse currency movement could restrict its sales and profitability growth.

The company trades at a higher valuation when compared to its peers, which could keep analysts on the sidelines. On June 20, 2017, analysts maintained a consensus rating of 2.9 on a scale of one (or “strong buy”) to five (or “strong sell”) on McCormick stock.

How Wall Street Analysts View McCormick Stock

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The graph above shows that ~14.0% of analysts rated MKC stock as a “buy,” and 79.0% recommended a “hold.” About 7.0% of the 14 analysts maintained a “sell” rating.

The company is currently trading about 2.5% higher than the analysts’ 12-month price target of $98.54.

Peer comparison

Of the 20 analysts that cover General Mills (GIS) stock, 25.0% recommended a “buy” rating, 65.0% rated it a “hold,” and 10.0% provided a “sell” recommendation. Analysts noted that the company’s continued sluggish performance on the sales front could weigh on its financials.

As for J.M. Smucker (SJM) stock, 26.0% of the 19 analysts maintained a “buy,” 58.0% recommended a “hold,” and 16.0% rated it as a “sell.”

In contrast, analysts maintain a positive outlook on ConAgra Foods (CAG) stock. Of the 14 analysts covering CAG stock, 64.0% rated it as a “buy,” 22.0% maintained a “hold” rating, and 14.0% rated it as a “sell.”

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