Analysts’ outlook is neutral
Most analysts covering McCormick (MKC) and Church & Dwight (CHD) stock have a neutral outlook, and MKC’s and CHD’s recent uptrend suggests the market has already priced in positives. Both have high valuation multiples: CHD stock is trading at 26.6 times its projected 2019 EPS of $2.47, higher than its historical average of 25.1, and McCormick stock is trading at 25.8 times its fiscal 2019 estimated EPS of $5.39, also higher than its four-year historical average of 23.7.
Analysts’ ratings and target price for MKC
Of the 11 analysts covering MKC stock, nine recommend “hold,” one recommends “buy,” and one recommends “sell.” Their consensus target price of $132.82 for MKC is ~3% lower than its January 4 closing price of $136.67.
Analysts’ ratings and target price for CHD
Of the 21 analysts covering CHD stock, ten recommend “hold,” six recommend “buy,” and five recommend “sell.” Their consensus target price of $63.89 for CHD is ~2% lower than its January 4 closing price of $65.06.