In a report released yesterday, Andrew Lazar from Barclays maintained a Hold rating on McCormick & Company (MKC), with a price target of $146. The company’s shares closed yesterday at $147.39, close to its 52-week high of $156.
According to TipRanks.com, Lazar is a 4-star analyst with an average return of 7.7% and a 68.0% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and Conagra Brands Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for McCormick & Company with a $145.50 average price target, representing a -1.3% downside. In a report released yesterday, UBS also maintained a Hold rating on the stock with a $146 price target.
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McCormick & Company’s market cap is currently $19.47B and has a P/E ratio of 29.84. The company has a Price to Book ratio of 6.14.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Alan Wilson, a Major Shareholder at MKC sold 90,000 shares for a total of $12,600,000.
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McCormick & Co., Inc. engages in the manufacture, market and distribution of spices, seasoning mixes, condiments and other flavorful products to retail outlets, food manufacturers and foodservice businesses. It operates through the Consumer and Industrial business segments.
