Citi analyst Thomas Palmer maintains $McCormick & Co (MKC.US)$ with a hold rating, and maintains the target price at $88.
According to TipRanks data, the analyst has a success rate of 47.1% and a total average return of 0.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $McCormick & Co (MKC.US)$'s main analysts recently are as follows:
Following McCormick's Q3 earnings that surpassed expectations, primarily due to improved gross and operating margins, as well as an upward revision in its financial outlook for FY24, forecasts for FY24 adjusted EPS have been increased.
The company's Q3 results exceeded expectations, though a significant part of this outperformance was due to tax, foreign exchange benefits, and the deferral of SG&A / IT investments to Q4. Additionally, the company's management indicated that the Consumer segment in China performed below expectations, with the APAC region being the only one without volume growth.
McCormick's third-quarter EPS outperformance was notable, and the management's upward adjustment of FY24 guidance was attributed to a specific tax advantage. However, the perception of quality was considered moderate, rather than exceptional, in light of the modest organic sales growth of just 0.4%.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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花旗分析师Thomas Palmer维持$味好美 (MKC.US)$持有评级，维持目标价88美元。
根据TipRanks数据显示，该分析师近一年总胜率为47.1%，总平均回报率为0.8%。
此外，综合报道，$味好美 (MKC.US)$近期主要分析师观点如下：
继麦考密克第三季度收益超出预期之后，对24财年调整后每股收益的预测有所上调，这主要是由于毛利率和营业利润率的提高，以及其24财年财务前景的上调。
该公司第三季度的业绩超出了预期，尽管这种跑赢大盘的很大一部分是由于税收、外汇优惠以及将SG&A/It投资推迟到第四季度所致。此外，该公司的管理层表示，中国的消费品板块表现低于预期，亚太地区是唯一一个销量没有增长的区域。
麦考密克第三季度每股收益跑赢大盘引人注目，管理层对24财年预期的上调归因于特定的税收优势。但是，鉴于有机销售的温和增长仅为0.4％，人们对质量的看法被认为是中等的，而不是特殊的。
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