Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $104.75 on McCormick & Company, Incorporated (NYSE:MKC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.76 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of McCormick & Company, Incorporated (NYSE:MKC) stands at 30.12.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For McCormick & Company, Incorporat, the PEG ratio for coming 3-5 years is 2.89.
The technical analysis highlights that McCormick & Company, Incorporat current is trading $-1.48 points away or -1.44% from its 50-day moving average of $103.06. Further it is trading $3.57 or +3.64% away its 200-day moving average of $98.01.
The 52-week high of McCormick & Company, Incorporated (NYSE:MKC) was $107.84 while lowest point recorded in 52-week was $76.11. It implies if stock price makes a movement of over $-6.26, it will record a new 52-week high. In the case of +33.46% drop, it will touch a new 52-week low.
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