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NYSE:MCK

McKesson (MCK) Stock Price, News & Analysis

$518.81
-7.11 (-1.35%)
(As of 04:10 PM ET)
Today's Range
$514.88
$528.42
50-Day Range
$494.23
$540.10
52-Week Range
$352.34
$543.00
Volume
631,236 shs
Average Volume
687,196 shs
Market Capitalization
$68.18 billion
P/E Ratio
23.51
Dividend Yield
0.48%
Price Target
$533.50

McKesson MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
3.6% Upside
$533.50 Price Target
Short Interest
Healthy
1.11% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.01
Upright™ Environmental Score
News Sentiment
0.05mentions of McKesson in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$1.91 M Sold Last Quarter
Proj. Earnings Growth
12.47%
From $27.59 to $31.03 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.81 out of 5 stars

Medical Sector

34th out of 914 stocks

Drugs, Proprietaries, & Sundries Industry

1st out of 7 stocks

MCK stock logo

About McKesson Stock (NYSE:MCK)

McKesson Corporation is a prominent player in the healthcare industry, offering a wide range of supply chain management solutions, retail pharmacy services, community oncology and specialty care, and healthcare information technology. With a rich history dating back to 1833, McKesson has established itself as a leading provider of essential healthcare products and services, contributing to the well-being of patients and the efficiency of healthcare providers.

The company's mission is to improve care in every setting, one product, partner, and patient at a time. McKesson operates globally, with a significant presence in the United States, Europe, and Canada, serving a diverse customer base, including hospitals, pharmacies, physician offices, surgery centers, nursing homes, and home health care agencies.

McKesson's operations are organized into several segments. The U.S. Pharmaceutical segment, one of the company's key pillars, is pivotal in distributing a comprehensive range of pharmaceutical drugs, including branded, generic, specialty, biosimilar, and over-the-counter medications. It is a crucial link in the pharmaceutical supply chain, ensuring the timely delivery of essential drugs to pharmacies and healthcare facilities across the United States.

In addition to pharmaceutical distribution, McKesson provides practice management, technology, clinical support, and business solutions to community-based oncology and other specialty practices. The company empowers healthcare providers to optimize their practices, enhance patient care and improve overall efficiency by offering financial, operational, and clinical solutions.

McKesson's International segment extends its reach beyond the United States, providing distribution and services to wholesale, institutional, and retail customers in European countries and Canada. This global presence enables the company to leverage its expertise and resources to support healthcare systems and deliver high-quality products and services to a broader market.

The Medical-Surgical Solutions segment focuses on supply distribution, logistics, and other services. By catering to healthcare providers such as physician offices, surgery centers, nursing homes, hospital reference labs, and home healthcare agencies, McKesson ensures that critical medical supplies are readily available, enabling efficient and effective patient care.

McKesson's management team is composed of highly experienced professionals who bring a wealth of expertise and strategic vision to the company. Led by Chief Executive Officer and Director Brian Scott Tyler, the team is dedicated to driving McKesson's mission forward. Brian Scott Tyler has been influential in steering the company toward continued growth and success. Under his leadership, McKesson has focused on innovation, strategic partnerships, and operational excellence. With a deep understanding of the healthcare landscape, Tyler has led the company through various challenges and has positioned it as a trusted partner for healthcare providers worldwide.

McKesson has consistently delivered strong financial performance, reflecting its ability to navigate the complexities of the healthcare industry while adapting to changing market dynamics. The company has demonstrated robust revenue growth over the years, driven by its diversified portfolio of products and services.

McKesson operates within the broader healthcare industry, characterized by continuous innovation, regulatory complexities, and a focus on patient care. As one of the largest healthcare distributors, McKesson faces competition from both traditional and emerging players in the market. However, the company's extensive distribution network, strong relationships with healthcare providers, and comprehensive product and service offerings give it a competitive edge.

The healthcare industry is subject to various regulatory and political factors impacting market dynamics. Changes in healthcare policies, reimbursement structures, and drug pricing regulations can significantly affect McKesson's operations. However, the company's deep industry knowledge and expertise enable it to navigate these challenges effectively.

McKesson is well-positioned to capitalize on several growth opportunities in the healthcare industry. One key area of focus is expanding its healthcare information technology solutions. As the digital transformation of the healthcare sector continues, McKesson's investments in technology and data analytics enable it to provide advanced solutions that enhance patient care, optimize workflows and drive operational efficiencies.

While McKesson has a strong market position and a track record of success, it faces certain risks and challenges that should be considered. One significant risk is the evolving regulatory landscape, including changes in healthcare policies and drug pricing regulations. Compliance with these regulations can increase costs and impact the company's profitability.

Additionally, competitive pressures within the healthcare industry require McKesson to continually innovate and differentiate its offerings. The emergence of new market entrants and disruptive technologies could challenge the company's market share and profitability.

The COVID-19 pandemic also introduced unprecedented challenges to the healthcare industry. While the pandemic presented opportunities for McKesson to support the healthcare system with essential supplies and services, it also disrupted healthcare operations and supply chains.

To mitigate these risks, McKesson has implemented robust risk management strategies. The company maintains strong relationships with regulatory bodies, stays abreast of industry trends, and invests in innovation and technology to stay ahead of the competition.

MCK Stock Price History

MCK Stock News Headlines

Don’t expose yourself to stocks during the week
The S&P 500 just crossed below the 200 day moving average… The Nasdaq is bleeding out… Are we headed for a recession?! If you’ve been in the stock market the last few months, it hasn’t been fun… But what if I told you there was a way to target “BONUS” income just by doing a unique type of trade over the weekend? When the markets are closed. And volatility is minimal.
Don’t expose yourself to stocks during the week
The S&P 500 just crossed below the 200 day moving average… The Nasdaq is bleeding out… Are we headed for a recession?! If you’ve been in the stock market the last few months, it hasn’t been fun… But what if I told you there was a way to target “BONUS” income just by doing a unique type of trade over the weekend? When the markets are closed. And volatility is minimal.
McKesson (NYSE:MCK) PT Raised to $570.00 at Argus
McKesson (NYSE:MCK) Stock Price Up 1.7% After Analyst Upgrade
McKesson Corporation: Raising target to $570
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 4/1 Dividend
2/29/2024
Dividend Payable
4/01/2024
Today
4/18/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Sector
Medical
Industry
Drugs, proprietaries, & sundries
Sub-Industry
Health Care Distributors
CUSIP
58155Q10
Employees
51,000
Year Founded
1833

Price Target and Rating

Average Stock Price Target
$533.50
High Stock Price Target
$620.00
Low Stock Price Target
$475.00
Potential Upside/Downside
+1.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
12 Analysts

Profitability

Net Income
$3.56 billion
Pretax Margin
1.18%

Debt

Sales & Book Value

Annual Sales
$276.71 billion
Cash Flow
$32.07 per share
Book Value
($10.99) per share

Miscellaneous

Free Float
131,132,000
Market Cap
$69.11 billion
Optionable
Optionable
Beta
0.45

Social Links

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Should I Buy McKesson Stock? MCK Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in McKesson Co.:

  • McKesson Corporation operates in the healthcare services industry, which is known for its stability and consistent demand, making it a resilient investment option.
  • The company's diverse range of services, including pharmaceutical distribution, technology solutions, and medical-surgical supplies, provides multiple revenue streams and reduces dependency on a single segment.
  • Recent insider transactions, such as executives purchasing shares, can indicate confidence in the company's future performance, which may be a positive signal for investors.
  • McKesson's international presence in Europe and Canada offers opportunities for growth and diversification beyond the U.S. market.
  • Considering the current stock price and the company's historical performance, McKesson Co. may be undervalued, presenting a potential opportunity for investors seeking value stocks.

Cons

Investors should be bearish about investing in McKesson Co. for these reasons:

  • The healthcare industry is subject to regulatory changes and uncertainties, which could impact McKesson's operations and financial results.
  • Competition within the healthcare distribution sector is intense, with other major players vying for market share, potentially leading to pricing pressures and reduced margins for McKesson.
  • While insider transactions can be positive signals, they can also be influenced by various factors and may not always reflect the true performance outlook of the company.
  • Economic conditions and healthcare spending trends can affect McKesson's business, especially during periods of economic downturn or healthcare policy shifts.
  • Investors should carefully assess the risks associated with investing in McKesson, including market volatility, industry-specific challenges, and geopolitical factors that could impact the company's operations and financial health.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these McKesson pros and cons to contact@marketbeat.com.

MCK Stock Analysis - Frequently Asked Questions

Should I buy or sell McKesson stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McKesson in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MCK shares.
View MCK analyst ratings
or view top-rated stocks.

What is McKesson's stock price target for 2024?

12 analysts have issued 12 month price targets for McKesson's shares. Their MCK share price targets range from $475.00 to $620.00. On average, they expect the company's share price to reach $533.50 in the next year. This suggests a possible upside of 3.6% from the stock's current price.
View analysts price targets for MCK
or view top-rated stocks among Wall Street analysts.

How have MCK shares performed in 2024?

McKesson's stock was trading at $462.98 at the beginning of the year. Since then, MCK stock has increased by 11.2% and is now trading at $515.05.
View the best growth stocks for 2024 here
.

When is McKesson's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our MCK earnings forecast
.

How can I listen to McKesson's earnings call?

McKesson will be holding an earnings conference call on Tuesday, May 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were McKesson's earnings last quarter?

McKesson Co. (NYSE:MCK) announced its quarterly earnings results on Wednesday, February, 7th. The company reported $7.74 earnings per share for the quarter, topping the consensus estimate of $7.05 by $0.69. The company earned $80.90 billion during the quarter, compared to analyst estimates of $77.93 billion. McKesson had a net margin of 0.99% and a negative trailing twelve-month return on equity of 262.63%. The company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.90 earnings per share.
Read the conference call transcript
.

How often does McKesson pay dividends? What is the dividend yield for McKesson?

McKesson declared a quarterly dividend on Thursday, February 1st. Investors of record on Friday, March 1st will be given a dividend of $0.62 per share on Monday, April 1st. This represents a $2.48 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Thursday, February 29th.
Read our dividend analysis for MCK
.

Is McKesson a good dividend stock?

McKesson (NYSE:MCK) pays an annual dividend of $2.48 per share and currently has a dividend yield of 0.47%. The company has been increasing its dividend for 16 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 11.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCK will have a dividend payout ratio of 7.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCK.

What guidance has McKesson issued on next quarter's earnings?

McKesson issued an update on its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share (EPS) guidance of 27.250-27.650 for the period, compared to the consensus estimate of 27.320. The company issued revenue guidance of $307.1 billion-$315.5 billion, compared to the consensus revenue estimate of $305.3 billion.

What is Brian Tyler's approval rating as McKesson's CEO?

220 employees have rated McKesson Chief Executive Officer Brian Tyler on Glassdoor.com. Brian Tyler has an approval rating of 88% among the company's employees.

What other stocks do shareholders of McKesson own?

Based on aggregate information from My MarketBeat watchlists, some companies that other McKesson investors own include Walt Disney (DIS), Johnson & Johnson (JNJ), Gilead Sciences (GILD), CVS Health (CVS), AbbVie (ABBV), Bank of America (BAC), AT&T (T), JPMorgan Chase & Co. (JPM), UnitedHealth Group (UNH) and Home Depot (HD).

Who are McKesson's major shareholders?

McKesson's stock is owned by many different institutional and retail investors. Top institutional investors include Scharf Investments LLC (0.39%), Artemis Investment Management LLP (0.15%), Wealth Enhancement Advisory Services LLC (0.14%), Meyer Handelman Co. (0.09%), International Assets Investment Management LLC (0.05%) and Contravisory Investment Management Inc. (0.02%). Insiders that own company stock include Brian S Tyler, Brian S Tyler, Britt J Vitalone, Kevin Emerson, Leann B Smith, Lori A Schechter, Lori A Schechter, Nancy Avila, Nancy Flores, Sundeep G Reddy, Thomas L Rodgers, Thomas L Rodgers and Tracy Faber.
View institutional ownership trends
.

How do I buy shares of McKesson?

Shares of MCK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does McKesson have any subsidiaries?
The following companies are subsidiares of McKesson: A.L.I. Technologies, AMISYS Managed Care Systems, Abaton.com, Access Health, Biologics, Celesio, CoverMyMeds, D & K Healthcare Resources, Drug Trading Co. Ltd., EN-Chart Scanning Program, Echo, Emendo, Enterprise Systems Inc., HBO & Company, HPR, HealthCom Partners, HealthQx, IMNET Systems, LloydsDirect, MED3000, McKesson Europe AG, McKesson Europe Holdings GmbH & Co. KGaA, McKesson Global Procurement & Sourcing Limited, McKesson International Bermuda IP2A Limited, McKesson International Bermuda IP3A Limited, McKesson Ireland Limited, McKesson Medical-Surgical Holdings Inc., McKesson Medical-Surgical Inc., McKesson Medical-Surgical Supply Chain Services LLP, McKesson Medical-Surgical Top Holdings Inc., McKesson Plasma and Biologics LLC, McKesson Specialty Care Distribution LLC, McKesson UK Finance I Limited, McKesson UK Finance II Limited, McKesson US Finance Corporation, McQueary Brothers, MedVentive, Medcon, MediVation Inc., Medical Specialties Distributors, Medis Health And Pharmaceutical Services, Moore Medical, NDCHealth, Oncology Therapeutics Network, PSS World Medical, Per-Se Technologies, Portico Systems, Practice Partner, RedLine HealthCare, RelayHealth, Rexall, Rosebud Solutions, RxCrossroads, Sterling Medical Services LLC, UDG Healthcare, US Oncology, US Oncology Holdings Inc., US Oncology Inc., United Drug (Wholesale) Limited, United Drug Distributors Ireland Limited, Vantage Oncology, Vivalog Technologies, Well.ca, and peerVue.
Read More
This page (NYSE:MCK) was last updated on 4/18/2024 by MarketBeat.com Staff

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