On Oct 03, major Wall Street analysts update their ratings for $McCormick & Co (MKC.US)$, with price targets ranging from $85 to $96.
BofA Securities analyst Peter Galbo maintains with a buy rating, and adjusts the target price from $95 to $96.
Citi analyst Thomas Palmer maintains with a hold rating, and maintains the target price at $88.
Barclays analyst Andrew Lazar maintains with a hold rating, and adjusts the target price from $76 to $85.
TD Cowen analyst Robert Moskow maintains with a hold rating, and adjusts the target price from $73 to $86.
Stifel analyst Matthew Smith, CFA maintains with a hold rating, and adjusts the target price from $75 to $85.
Furthermore, according to the comprehensive report, the opinions of $McCormick & Co (MKC.US)$'s main analysts recently are as follows:
Post McCormick's Q3 earnings, which surpassed expectations owing to improved gross and operating margins, the company also elevated its financial outlook for FY24. Subsequent to the earnings report and updated guidance, forecasts for FY24 adjusted EPS were increased.
McCormick's Q3 results surpassed expectations, though a significant part of this performance was due to tax effects, foreign exchange, and a shift in the timing of SG&A / IT investments to the fourth quarter. Management also observed a lower-than-anticipated consumer response in China, with the APAC region being the sole area without volume growth.
The company reported a solid third-quarter earnings per share outperformance, and management has adjusted the full-year guidance upwards to account for a specific tax advantage. The performance is perceived as acceptable though not exceptional, considering the organic sales expanded by a modest 0.4%.
Following McCormick's report of a robust third quarter, an analyst highlighted the company's earnings per share of 83 cents, which signified a 28% increase and surpassed estimates by 17 cents, inclusive of a 10 cent benefit from certain items and a stronger than anticipated margin expansion. The company's reiteration of its constant currency guidance for the full year and its assurance in reaching the mid-to-high end of its sales growth projection was also underscored. Consequently, the analyst has adjusted the earnings per share estimate upward by 5 cents, now anticipating an earnings per share of $2.89 for the full year.
Here are the latest investment ratings and price targets for $McCormick & Co (MKC.US)$ from 5 analysts:
Note:
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美東時間10月3日，多家華爾街大行更新了$味好美 (MKC.US)$的評級，目標價介於85美元至96美元。
美銀證券分析師Peter Galbo維持買入評級，並將目標價從95美元上調至96美元。
花旗分析師Thomas Palmer維持持有評級，維持目標價88美元。
巴克萊銀行分析師Andrew Lazar維持持有評級，並將目標價從76美元上調至85美元。
TD Cowen分析師Robert Moskow維持持有評級，並將目標價從73美元上調至86美元。
斯迪富分析師Matthew Smith, CFA維持持有評級，並將目標價從75美元上調至85美元。
此外，綜合報道，$味好美 (MKC.US)$近期主要分析師觀點如下：
由於毛利率和營業利潤率的提高，麥考密克第三季度收益超出了預期，此後，該公司還上調了24財年的財務前景。繼收益報告和更新的指導方針之後，對24財年調整後每股收益的預測有所增加。
麥考密克第三季度的業績超出了預期，儘管這一業績的很大一部分是由於稅收影響、外匯以及SG&A/It投資時間轉移到第四季度所致。管理層還觀察到中國消費者的反應低於預期，亞太地區是唯一沒有銷量增長的區域。
該公司報告稱，第三季度每股收益表現穩健，跑贏大盤，管理層已經上調了全年預期，以考慮特定的稅收優惠。考慮到有機銷售額小幅增長了0.4％，這種表現被認爲是可以接受的，但並不例外。
繼麥考密克公佈強勁的第三季度報告後，一位分析師強調該公司的每股收益爲83美分，這意味着增長了28％，比預期高出17美分，其中包括某些項目的10美分收益和強於預期的利潤增長。該公司重申了其全年恒定貨幣指引，並保證達到銷售增長預期的中高端，這一點也得到了強調。因此，分析師將每股收益估計值上調了5美分，現在預計全年每股收益爲2.89美元。
以下爲今日5位分析師對$味好美 (MKC.US)$的最新投資評級及目標價：
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