McKesson Stock Forecast, Price & News

McKesson's stock was trading at $135.17 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MCK stock has increased by 33.0% and is now trading at $179.72.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McKesson in the last year. There are currently 2 hold ratings, 10 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for McKesson.

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McKesson is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for McKesson.

McKesson Co. (NYSE:MCK) posted its quarterly earnings results on Sunday, November, 8th. The company reported $4.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $3.87 by $0.93. The business had revenue of $60.81 billion for the quarter, compared to analyst estimates of $59.35 billion. McKesson had a return on equity of 45.52% and a net margin of 0.95%. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.60 EPS.
View McKesson's earnings history.

McKesson announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.42 per share on Monday, January 4th. This represents a $1.68 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Monday, November 30th.
View McKesson's dividend history.

McKesson issued an update on its FY21 earnings guidance on Tuesday, November, 3rd. The company provided earnings per share (EPS) guidance of $16.00-16.50 for the period, compared to the Thomson Reuters consensus estimate of $15.18.

13 equities research analysts have issued 12 month price targets for McKesson's shares. Their forecasts range from $165.00 to $222.00. On average, they expect McKesson's share price to reach $185.62 in the next year. This suggests a possible upside of 3.3% from the stock's current price.
View analysts' price targets for McKesson.

McKesson saw a decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,840,000 shares, a decline of 12.8% from the September 30th total of 2,110,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.1% of the shares of the company are short sold.
View McKesson's Short Interest.

Some companies that are related to McKesson include AmerisourceBergen (ABC), Cardinal Health (CAH), Henry Schein (HSIC), Patterson Companies (PDCO) and Owens & Minor (OMI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other McKesson investors own include The 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 The Home Depot (HD).

McKesson trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCK."

McKesson's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.95%), State Street Corp (4.71%), Massachusetts Financial Services Co. MA (3.68%), JPMorgan Chase & Co. (3.51%), Boston Partners (2.10%) and Pzena Investment Management LLC (2.06%). Company insiders that own McKesson stock include Brian S Tyler, Brian Scott Tyler, Britt J Vitalone, Lori A Schechter, M Christine Jacobs, Marie L/Ca Knowles and Sundeep G Reddy.
View institutional ownership trends for McKesson.

MCK stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, AJO LP, BNP Paribas Arbitrage SA, CI Investments Inc., Nuveen Asset Management LLC, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Charles Schwab Investment Management Inc., and Brandes Investment Partners LP. Company insiders that have sold McKesson company stock in the last year include Brian S Tyler, Britt J Vitalone, Lori A Schechter, Marie L/Ca Knowles, and Sundeep G Reddy.
View insider buying and selling activity for McKesson.

MCK stock was acquired by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Pzena Investment Management LLC, JPMorgan Chase & Co., Jupiter Asset Management Ltd., Morgan Stanley, O Shaughnessy Asset Management LLC, Clough Capital Partners L P, and BlackRock Inc..
View insider buying and selling activity for McKesson.

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

One share of MCK stock can currently be purchased for approximately $179.72.

McKesson has a market capitalization of $28.86 billion and generates $231.05 billion in revenue each year. The company earns $900 million in net income (profit) each year or $14.95 on an earnings per share basis. McKesson employs 60,000 workers across the globe.

The official website for McKesson is www.mckesson.com.

McKesson's mailing address is 6555 STATE HWY 161, IRVING TX, 75039. The company can be reached via phone at 972-446-4800 or via email at [email protected]