Mccormick Etf Target Price and Analyst Consensus

MKC
 Etf
  

USD 87.84  1.00  1.15%   

The current analyst and expert consensus on Mccormick is Sell with 5 hold recommendations. The current projected Mccormick target price consensus is 85.2 with 5 analyst opinions. One of the most common ways Mccormick analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Mccormick vendors, executives, and/or customers. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Mccormick. We strongly encourage you to use your own analysis of Mccormick to validate this buy or sell advice. Mccormick recommendation module provides expert sentiment on the projected Mccormick target price to derive its highest and lowest estimates based on target price standard deviation of 6.418. Additionally, see Macroaxis Advice on Mccormick to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
  
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As of June 29, 2022, Gross Profit is expected to decline to about 2.6 B. In addition to that, Profit Margin is expected to decline to 10.46. Mccormick Accounts Payable is projected to increase significantly based on the last few years of reporting. The past year's Accounts Payable was at 957.78 Million. The current year Total Assets is expected to grow to about 12.5 B, whereas Inventories is forecasted to decline to about 881.4 M.

Mccormick Analyst Ratings

Mccormick's analyst etf recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Mccormick etf, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Mccormick's financials, market performance, and future outlook by experienced professionals. Mccormick's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

About Mccormick Target Price Projections

Mccormick's target price is an analyst's projection of its future price. Price targets can be assigned to all types of securities, from complex investment products to etfs such as Mccormick and even bonds. If the target price is unavailable, it is most likely because there were not enough analyst opinions to come up with a consensus estimate. When setting a price target estimate, an analyst is trying to determine what the Etf is worth and where the price will be in a year from now. Generally, the target price of Mccormick depends on its intrinsic valuation, beta (i.e., risk over market), and overall volatility. Most analysts publish their price targets in research reports on specific companies, along with their buy, hold, or sell recommendations. Stock price targets are often quoted in the financial news media. Macroaxis uses multiple feeds to provide overall target price projection for Mccormick including its fundamental analysis.
 2019 2020 2021 2022 (projected)
Long Term Debt to Equity0.960.90.810.77
Interest Coverage7.827.979.1710.14

Additional Mccormick Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Etf value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Mccormick is a key component of Mccormick valuation and have some predictive power on the future returns of a Mccormick.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Mccormick's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Mccormick in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
85.2087.0988.98
Details
Intrinsic
Valuation
LowReal ValueHigh
78.6880.5795.52
Details
Naive
Forecast
LowNext ValueHigh
86.9188.8190.70
Details
Earnings
Estimates (6)
LowProjected EPSHigh
3.003.013.02
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mccormick. Your research has to be compared to or analyzed against Mccormick's peers to derive any actionable benefits. When done correctly, Mccormick's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Mccormick.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Macroaxis Index
Invested over 20 shares
Additionally, see Macroaxis Advice on Mccormick to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. Note that the Mccormick information on this page should be used as a complementary analysis to other Mccormick's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Shere Portfolio module to track or share privately all of your investments from the convenience of any device.

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The data published in Mccormick's official financial statements usually reflect Mccormick's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Mccormick. For example, before you start analyzing numbers published by Mccormick accountants, it's critical to develop an understanding of what Mccormick's liquidity, profitability, and earnings quality are in the context of the Consumer Defensive space in which it operates.
Please note, the presentation of Mccormick's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Mccormick's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Mccormick's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Mccormick. Please utilize our Beneish M Score to check the likelihood of Mccormick's management to manipulate its earnings.