McCormick (NYSE: MKC)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group (NYSE: JEF) in a research note issued to investors on Friday.
Separately, analysts at Longbow Research reiterated a “buy” rating on shares of McCormick in a research note to investors on Friday. Also, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of McCormick in a research note to investors on Wednesday, January 4th. They now have a $53.00 price target on the stock.
McCormick & Company (McCormick), Incorporated is engaged manufacturing, marketing and distribution of spices, seasonings, specialty foods and flavorings to the food industry. Its sales, distribution and production facilities are located in North America and Europe. In addition facilities are based in Mexico, Central America, Australia, the People’s Republic of China, Singapore, Thailand and South Africa. The Company operates in two business segments, consumer and industrial. The consumer segment sells spices, herbs, extracts, seasoning blends, sauces, marinades, and specialty foods to the consumer food market under a range of brands globally, including Mc, McCormick, Lawry’s, Zatarain’s, Old Bay, Thai Kitchen, Simply Asia, Ducros, Schwartz, Vahine, Silvo, Club House, El Guapo, Aeroplane, and Billy Bee.
McCormick traded down 1.29% on Friday, hitting $50.41. McCormick has a 52-week low of $43.36 and a 52-week high of $52.21. The stock has a 50-day moving average of $50.45 and a 200-day moving average of $48.2. The company has a market cap of $6.688 billion and a price-to-earnings ratio of 18.24.