Form 8-K MCCORMICK & CO INC For: Oct 01
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Go back to Form 8-K MCCORMICK & CO INC For: Oct 01
October 2, 2024 6:59 AM EDT
BofA Securities analyst Peter Galbo raised the price target on McCormick & Company (NYSE: MKC) to $96.00 (from $95.00) while maintaining a Buy rating.
The analyst comments "Yesterday, MKC reported 3Q24 earnings above street driven by better gross and operating margin. MKC also raised its FY24... More
October 2, 2024 5:34 AM EDT
Goldman Sachs analyst Adam Samuelson reiterated a Sell rating and $67.00 price target on McCormick & Company (NYSE: MKC).
The analyst comments "MKC reported adjusted FY3Q24 (Aug) EPS of $0.83, above GSe/Refinitiv consensus of $0.67. Sales of $1.68bn were 2.0% above our estimate, with constant currency sales growth of 0.0% 40bps above our -0.4% forecast and a smaller FX headwind (-0.4% vs. GSe -1.9%) the primary driver of the sales upside. Adjusted EBIT of $288mn was 9.1% above our forecasts (+$0.07), with stronger margins in both segments contributing. Gross margins of... More
October 2, 2024 5:33 AM EDT
Citi analyst Thomas Palmer reiterated a Neutral rating and $88.00 price target on McCormick & Company (NYSE: MKC).
The analyst comments "The MKC shares were +1% at time of writing (vs. S5PACK flat) following a sizable 3Q24 EPS beat, but annual sales/EPS outlooks... More
October 1, 2024 4:13 PM EDT
Jefferies analyst Rob Dickerson raised the price target on McCormick & Company (NYSE: MKC) to $86.00 (from $85.00) while maintaining a Hold rating.
The analyst comments "Positive vol/mix encouraging with momentum into Q4. MKC posted + y/y vol/mix for the first quarter in... More
October 1, 2024 1:10 PM EDT
CFRA analyst Arun Sundaram downgraded McCormick & Company (NYSE: MKC) from Strong Buy to Buy with a price target of $93.00 (from $88.00).
The analyst comments "We lift our 12-month target by $8 to $93, 29.1x our FY 25 (Nov.) EPS estimate of $3.20 (up from $3.16; FY 24 up to $3.00 from $2.90) and in line with its... More
