Should You Buy McCormick & Company Inc (MKC) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/30
MKC is not a good buy right now for an impatient investor. The stock is in a clear bearish trend after an earnings-driven reset, with multiple fresh FY26 headwinds (tariffs/commodities, ERP implementation acceleration, tax) and a wave of price-target cuts. While options positioning looks relatively bullish and price is near support (which could spark a bounce), the technical trend is still down and there is no proprietary buy signal today—so the odds favor choppy/weak follow-through rather than an immediate, clean upside move.
Technical Analysis
Trend is bearish: SMA_200 > SMA_20 > SMA_5 confirms a downtrend. MACD histogram is negative (-0.638) though contracting, implying downside momentum is easing but not reversed. RSI(6) at ~32.6 is near oversold, which can support a short-term bounce, but it’s not a confirmed reversal. Key levels: support S1 ~60.62 (near current price ~61.5) then S2 ~58.46; resistance/pivot ~64.12 and R1 ~67.62. For a buy ‘right now’ to be attractive, MKC would ideally reclaim ~64+ and hold; currently it’s still below the pivot with bearish moving averages.
Analyst Ratings and Price Target Trends
Recent trend: broadly negative revisions to price targets following Q4 and FY26 guide. Barclays cut PT to $67 (Equal Weight), UBS cut to $67 (Neutral), JPM cut to $72 (Overweight), Deutsche cut to $73 (Buy), BofA cut to $80 (Buy), Bernstein cut to $85 (Outperform). Wall Street ‘pros’ view: the franchise/brand quality and defensive category are positives and several firms remain Buy/Overweight/Outperform. ‘Cons’ view: near-term earnings/margin pressure from unexpected costs (tariffs/commodities), ERP execution risk, and below-consensus FY26 guidance keep conviction muted. Trading/flow checks: hedge funds and insiders are Neutral; no recent congress trading data available.
Intellectia Proprietary Trading Signals
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock recently.
Wall Street analysts forecast MKC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MKC is 83.67 USD with a low forecast of 75 USD and a high forecast of 89 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast MKC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MKC is 83.67 USD with a low forecast of 75 USD and a high forecast of 89 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 61.320
Current: 61.320
