McKesson Corporation (NYSE:MCK) received a $168.00 price objective from equities research analysts at Mizuho in a research report issued to clients and investors on Tuesday, October 24th. The firm currently has a “hold” rating on the stock. Mizuho’s target price suggests a potential upside of 22.08% from the company’s previous close.
A number of other research analysts have also weighed in on MCK. UBS AG reaffirmed a “neutral” rating and issued a $166.00 price objective (up from $156.00) on shares of McKesson Corporation in a research note on Monday, June 26th. BidaskClub lowered shares of McKesson Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Jefferies Group LLC raised shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $153.00 price target on the stock in a research report on Thursday, July 27th. Vetr lowered shares of McKesson Corporation from a “strong-buy” rating to a “buy” rating and set a $187.51 price target on the stock. in a research report on Monday, July 17th. Finally, Zacks Investment Research raised shares of McKesson Corporation from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $174.27.
McKesson Corporation (MCK) opened at $137.61 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 0.61. McKesson Corporation has a 12-month low of $133.82 and a 12-month high of $169.29. The stock has a market cap of $28,688.25, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 1.41 and a beta of 1.21.
McKesson Corporation (NYSE:MCK) last posted its quarterly earnings results on Thursday, October 26th. The company reported $3.28 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.50. The business had revenue of $52.06 billion during the quarter, compared to analysts’ expectations of $51.69 billion. McKesson Corporation had a net margin of 2.24% and a return on equity of 24.87%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $2.94 earnings per share. equities research analysts predict that McKesson Corporation will post 12.16 earnings per share for the current year.
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In other news, SVP Erin M. Lampert sold 900 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $155.65, for a total value of $140,085.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director M Christine Jacobs sold 1,083 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $145.43, for a total transaction of $157,500.69. The disclosure for this sale can be found here. Insiders have sold a total of 950,983 shares of company stock valued at $145,560,946 over the last quarter. 1.20% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Ingalls & Snyder LLC grew its position in McKesson Corporation by 76.7% during the 3rd quarter. Ingalls & Snyder LLC now owns 16,939 shares of the company’s stock valued at $2,602,000 after purchasing an additional 7,352 shares during the last quarter. Whittier Trust Co. grew its position in McKesson Corporation by 1.5% during the 3rd quarter. Whittier Trust Co. now owns 62,812 shares of the company’s stock valued at $9,649,000 after purchasing an additional 898 shares during the last quarter. Wells Fargo & Company MN grew its position in McKesson Corporation by 12.7% during the 2nd quarter. Wells Fargo & Company MN now owns 2,121,171 shares of the company’s stock valued at $349,017,000 after purchasing an additional 239,358 shares during the last quarter. River & Mercantile Asset Management LLP lifted its stake in McKesson Corporation by 278.6% during the 3rd quarter. River & Mercantile Asset Management LLP now owns 177,824 shares of the company’s stock valued at $27,321,000 after acquiring an additional 130,852 shares during the period. Finally, Loews Corp bought a new position in McKesson Corporation during the 1st quarter valued at about $253,000. 85.95% of the stock is currently owned by institutional investors.
McKesson Corporation Company Profile
McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The Company operates through two segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally.
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