For its third fiscal quarter (ending August 31), McCormick & Co Inc (NYSE: MKC) has reported E.P.S. of $0.83 compared to $0.63 a year ago. For the latest four quarters through August 31, E.P.S. were $2.95 compared to $2.41 a year ago.
Recent Price Action
McCormick & Co Inc (NYSE: MKC) stock closed at $84.09 on 10/1/24 after a large increase of 2.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 246% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.1% during the last week.
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 C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. McCormick has a very low Appreciation Score of 15 but a good Power Rating of 71, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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