Amcor stock falls after Raymond James reiterates Market Perform rating
McCormick (NYSE:MKC) & Co stock has reached a new 52-week low, dipping to 69.08 USD. This milestone reflects a challenging year for the company, with its stock experiencing a 10.32% decline over the past year. The recent low comes amid broader market volatility and specific industry pressures that have affected McCormick’s performance. With analyst price targets ranging from $67 to $102 and a P/E ratio of 24.14, investors are closely monitoring the company’s strategies to navigate these challenges and potential recovery plans moving forward. InvestingPro analysis reveals 8 additional key insights about McCormick’s financial health and future prospects.
In other recent news, McCormick & Company reported its second-quarter earnings for 2025, surpassing analysts’ expectations with an adjusted earnings per share of $0.69 compared to the forecasted $0.66. The company met revenue expectations, reporting $1.66 billion, which reflects a stable performance despite global supply chain concerns. UBS maintained its Neutral rating with an $83.00 price target, noting that the company’s Consumer segment showed strong top-line results, offsetting weaker performance in the Flavor Solutions business. Bernstein raised its price target for McCormick to $102 from $101, describing the second-quarter results as "solid" and maintaining a Market Perform rating. McCormick reiterated its full-year 2025 guidance, even amid potential tariff impacts on its supply chain. The company’s strategic initiatives and robust performance in key segments have contributed to positive market reactions. These developments highlight McCormick’s resilience and adaptability in the current economic environment.
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