McCormick & Co Inc (NYSE: MKC) has reported earnings for its second fiscal quarter (ending May 31) of $0.69 versus $0.57 for the same period a year ago. E.P.S. were $2.75 for the latest four quarters through May 31 versus $2.61 for the same period a year ago.
Recent Price Action
McCormick & Co Inc (NYSE: MKC) stock enjoyed a large increase of 4.3% on 6/27/24. The stock closed at $70.60. Moreover, this advance was accompanied by exceptionally high trading volume at 314% of normal. The stock has performed in line with the market over the last nine months and has risen 2.9% 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 D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. McCormick has a poor Appreciation Score of 16 but a neutral Power Rating of 54, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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