$73.97
1.27% yesterday
NYSE, Nov 15, 10:10 pm CET
ISIN
US5797802064
Symbol
MKC

McCormick & Company Target price 2024 - Analyst rating & recommendation

McCormick & Company Classifications & Recommendation:

Buy
26%
Hold
63%
Sell
11%

McCormick & Company Price Target

Target Price $85.80
Price $73.97
Potential
Number of Estimates 13
13 Analysts have issued a price target McCormick & Company 2025 . The average McCormick & Company target price is $85.80. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 19 analysts: 5 Analysts recommend McCormick & Company to buy, 12 to hold and 2 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the McCormick & Company stock has an average upside potential 2025 of . Most analysts recommend the McCormick & Company stock at Hold.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Nov '23 2024
Estimates
Revenue Billion $ 6.66 6.70
4.91% 0.56%
EBITDA Margin 18.36% 19.21%
4.45% 4.62%
Net Margin 10.15% 11.60%
4.68% 14.28%

12 Analysts have issued a sales forecast McCormick & Company 2024 . The average McCormick & Company sales estimate is

$6.7b
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. This is
0.31% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$6.7b 0.59%
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, the lowest is
$6.7b 0.04%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $6.7b 4.91%
2024
$6.7b 0.56%
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2025
$6.9b 2.73%
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2026
$7.1b 3.23%
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2027
$7.5b 5.42%
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2028
$7.7b 3.41%
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10 Analysts have issued an McCormick & Company EBITDA forecast 2024. The average McCormick & Company EBITDA estimate is

$1.3b
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. This is
0.69% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$1.3b 2.39%
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, the lowest is
$1.3b 0.20%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $1.2b 9.58%
2024
$1.3b 5.23%
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2025
$1.4b 5.88%
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2026
$1.4b 5.74%
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2027
$1.5b 7.12%
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2028
$1.6b 2.01%
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EBITDA Margin

2023 18.36% 4.45%
2024
19.21% 4.62%
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2025
19.80% 3.07%
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2026
20.28% 2.42%
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2027
20.61% 1.63%
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2028
20.33% 1.36%
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7 McCormick & Company Analysts have issued a net profit forecast 2024. The average McCormick & Company net profit estimate is

$777m
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. This is
1.51% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$784m 0.68%
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, the lowest is
$770m 2.38%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $676m 0.00%
2024
$777m 14.91%
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2025
$834m 7.35%
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2026
$907m 8.67%
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2027
$972m 7.20%
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2028
$997m 2.62%
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Net Margin

2023 10.15% 4.68%
2024
11.60% 14.28%
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2025
12.12% 4.48%
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2026
12.76% 5.28%
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2027
12.98% 1.72%
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2028
12.88% 0.77%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Nov '23 2024
Estimates
Earnings Per Share $ 2.52 2.90
0.00% 15.08%
P/E 25.54
EV/Sales 3.62

7 Analysts have issued a McCormick & Company forecast for earnings per share. The average McCormick & Company <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$2.90
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. This is
1.36% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$2.92 0.68%
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, the lowest is
$2.87 2.38%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $2.52 0.00%
2024
$2.90 15.08%
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2025
$3.11 7.24%
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2026
$3.38 8.68%
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2027
$3.62 7.10%
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2028
$3.72 2.76%
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P/E ratio

Current 25.16 7.12%
2024
25.54 1.51%
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2025
23.80 6.81%
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2026
21.90 7.98%
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2027
20.43 6.71%
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2028
19.91 2.55%
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Based on analysts' sales estimates for 2024, the McCormick & Company stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.63 8.68%
2024
3.62 0.21%
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2025
3.53 2.66%
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2026
3.42 3.13%
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2027
3.24 5.14%
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2028
3.13 3.30%
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P/S ratio

Current 2.97 12.68%
2024
2.96 0.31%
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2025
2.88 2.66%
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2026
2.79 3.13%
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2027
2.65 5.14%
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2028
2.56 3.30%
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