McCormick Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

McCormick & Company, Incorporated MKC is expected to release financial results for its third quarter 2023 before the opening bell on Oct. 3, 2023.

Analysts expect the company to post quarterly earnings at 65 cents per share, down from year-ago earnings of 69 cents per share. The company’s revenue might come in at $1.7 billion, compared to $1.61 billion in the year-ago period.

McCormick shares rose 1.3% to close at $75.64 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• TD Cowen analyst Robert Moskow initiated coverage on the stock with a Market Perform rating and a price target of $87 on Sept. 13, 2023. This analyst has an accuracy rate of 71%.
• Stifel analyst Matthew Smith reinstated a Hold rating with a price target of $82 on April 14, 2023. This analyst has an accuracy rate of 69%.
• JP Morgan analyst Ken Goldman maintained an Underweight rating and raised the price target from $63 to $66 on March 29, 2023. This analyst has an accuracy rate of 81%.
• Bernstein analyst Alexia Howard upgraded the stock from Market Perform to Outperform with a price target of $90 on Jan. 27, 2023. This analyst has an accuracy rate of 72%.

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