For its first fiscal quarter (ending February 28), McCormick & Co Inc (NYSE: MKC) has reported E.P.S. of $0.62 compared to $0.52 a year ago. For the latest four quarters through February 28, E.P.S. were $2.64 versus $2.48 for the same period a year ago.
Recent Price Action
McCormick & Co Inc (NYSE: MKC) stock closed at $77.30 on 3/26/24 after a major increase of 10.5%. Moreover, trading volume in this advance was exceptionally high at 291% of normal. The stock has risen 13.5% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MKC is expected to continue to be a major Value Builder.
McCormick has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. McCormick has a poor Power Rating of 27 and a poor Appreciation Score of 15, producing the Lowest Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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