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The Day of Financial Reckoning Is Near (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Blowout Earnings Reports That Could Mark Turning Points
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Companies facing 1st tax on stock buybacks in Biden bill
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
The Day of Financial Reckoning Is Near (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
The Day of Financial Reckoning Is Near (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Blowout Earnings Reports That Could Mark Turning Points
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Companies facing 1st tax on stock buybacks in Biden bill
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
The Day of Financial Reckoning Is Near (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
The Day of Financial Reckoning Is Near (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Blowout Earnings Reports That Could Mark Turning Points
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Companies facing 1st tax on stock buybacks in Biden bill
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
The Day of Financial Reckoning Is Near (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
The Day of Financial Reckoning Is Near (Ad)
NYSE:MCK

McKesson - MCK Stock Forecast, Price & News

$373.84
+2.39 (+0.64%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$370.32
$375.23
50-Day Range
$300.57
$371.45
52-Week Range
$193.89
$375.23
Volume
633,805 shs
Average Volume
1.15 million shs
Market Capitalization
$53.73 billion
P/E Ratio
39.52
Dividend Yield
0.51%
Price Target
$337.62

McKesson MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
9.7% Downside
$337.62 Price Target
Short Interest
Healthy
1.46% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.01
Upright™ Environmental Score
News Sentiment
0.26mentions of McKesson in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$17.35 M Sold Last Quarter
Proj. Earnings Growth
6.15%
From $24.39 to $25.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.77 out of 5 stars

Medical Sector

72nd out of 1,124 stocks

Drugs, Proprietaries, & Sundries Industry

2nd out of 7 stocks

MCK stock logo

About McKesson (NYSE:MCK) Stock

McKesson Corporation provides healthcare services in the United States and internationally. It operates through four segments: U.S. Pharmaceutical, International, Medical-Surgical Solutions, and Prescription Technology Solutions (RxTS). The U.S. Pharmaceutical segment distributes branded, generic, specialty, biosimilar, and over-the-counter pharmaceutical drugs and other healthcare-related products. This segment also provides practice management, technology, clinical support, and business solutions to community-based oncology and other specialty practices; and consulting, outsourcing, technological, and other services, as well as sells financial, operational, and clinical solutions to pharmacies. The International segment offers distribution and services to wholesale, institutional, and retail customers in 13 European countries and Canada. The Medical-Surgical Solutions segment provides medical-surgical supply distribution, logistics, and other services to healthcare providers. The RxTS segment serves biopharma and life sciences partners and patients to address medication challenges for patients throughout their journeys; connects pharmacies, providers, payers, and biopharma companies to deliver innovative access and adherence solutions; and provides third-party logistics and wholesale distribution support solutions. McKesson Corporation was founded in 1833 and is headquartered in Irving, Texas.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price target on McKesson from $386.00 to $400.00 and gave the company an "outperform" rating in a research note on Thursday, August 4th. Cowen upped their price target on McKesson to $384.00 in a research report on Tuesday, August 9th. Argus downgraded McKesson from a "buy" rating to a "hold" rating in a research note on Wednesday, July 6th. Credit Suisse Group upped their price target on McKesson from $377.00 to $385.00 and gave the stock an "outperform" rating in a research note on Monday, August 8th. Finally, UBS Group upped their price target on McKesson from $380.00 to $400.00 and gave the stock a "buy" rating in a research note on Thursday, August 4th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $337.62.

McKesson Stock Up 0.2 %

MCK Stock traded up $0.81 during trading on Tuesday, hitting $372.26. 95 shares of the company's stock traded hands, compared to its average volume of 953,794. The firm has a market capitalization of $53.50 billion, a P/E ratio of 39.27, a PEG ratio of 1.51 and a beta of 0.63. The business has a fifty day simple moving average of $328.45 and a two-hundred day simple moving average of $311.52. McKesson has a 1 year low of $193.89 and a 1 year high of $371.92.

McKesson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.54 per share. This is an increase from McKesson's previous quarterly dividend of $0.47. This represents a $2.16 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, August 31st. McKesson's payout ratio is presently 19.87%.

Insider Activity at McKesson

In other McKesson news, CFO Britt J. Vitalone sold 27,281 shares of the company's stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $333.16, for a total value of $9,088,937.96. Following the completion of the transaction, the chief financial officer now owns 13,693 shares in the company, valued at $4,561,959.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other McKesson news, CEO Brian S. Tyler sold 1,535 shares of the stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $305.20, for a total transaction of $468,482.00. Following the sale, the chief executive officer now directly owns 75,737 shares in the company, valued at approximately $23,114,932.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Britt J. Vitalone sold 27,281 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $333.16, for a total transaction of $9,088,937.96. Following the completion of the sale, the chief financial officer now directly owns 13,693 shares in the company, valued at $4,561,959.88. The disclosure for this sale can be found here. Insiders sold 44,396 shares of company stock worth $14,471,365 over the last three months. Company insiders own 0.21% of the company's stock.

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MCK Stock News Headlines

States reach deal over marketing, safety of generic opioids
A former opioid manufacturer is agreeing in principle to pay up to $2.4 billion in a deal with a dozen states over its marketing and product safety practices
Cowen Boosts McKesson (NYSE:MCK) Price Target to $384.00
McKesson (NYSE:MCK) Price Target Raised to $400.00
Mizuho Raises McKesson (NYSE:MCK) Price Target to $345.00
What 6 Analyst Ratings Have To Say About McKesson
See More Headlines
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MCK Company Calendar

Last Earnings
10/31/2021
Ex-Dividend for 7/1 Dividend
5/31/2022
Dividend Payable
7/01/2022
Today
8/16/2022
Ex-Dividend for 10/3 Dividend
8/31/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Drugs, proprietaries, & sundries
Sub-Industry
Health Care Distributors
Sector
Medical
CUSIP
58155Q10
Employees
75,000
Year Founded
1833

Price Target and Rating

Average Stock Price Forecast
$337.62
High Stock Price Forecast
$409.00
Low Stock Price Forecast
$230.00
Forecasted Upside/Downside
-9.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
12 Analysts

Profitability

Net Income
$1.11 billion
Pretax Margin
0.88%

Debt

Sales & Book Value

Annual Sales
$263.97 billion
Cash Flow
$32.31 per share
Book Value
($12.33) per share

Miscellaneous

Free Float
143,428,000
Market Cap
$53.73 billion
Optionable
Optionable
Beta
0.63

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MCK Stock - Frequently Asked Questions

Should I buy or sell McKesson stock right now?

12 Wall Street equities research 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 equities research analysts is that investors should "buy" MCK shares.
View MCK analyst ratings
or view top-rated stocks.

What is McKesson's stock price forecast for 2022?

12 Wall Street research analysts have issued twelve-month price targets for McKesson's stock. Their MCK share price forecasts range from $230.00 to $409.00. On average, they predict the company's stock price to reach $337.62 in the next twelve months. This suggests that the stock has a possible downside of 9.7%.
View analysts price targets for MCK
or view top-rated stocks among Wall Street analysts.

How have MCK shares performed in 2022?

McKesson's stock was trading at $248.57 at the beginning of the year. Since then, MCK stock has increased by 50.4% and is now trading at $373.84.
View the best growth stocks for 2022 here
.

When is McKesson's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our MCK earnings forecast
.

How were McKesson's earnings last quarter?

McKesson Co. (NYSE:MCK) issued its quarterly earnings data on Sunday, October, 31st. The company reported $6.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.66 by $1.49. The business earned $66.58 billion during the quarter, compared to analysts' expectations of $63.23 billion. McKesson had a net margin of 0.52% and a negative trailing twelve-month return on equity of 350.22%. McKesson's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $4.80 EPS.
Read the conference call transcript
.

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

McKesson declared a quarterly dividend on Monday, July 25th. Investors of record on Thursday, September 1st will be given a dividend of $0.54 per share on Monday, October 3rd. This represents a $2.16 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Wednesday, August 31st. This is an increase from the stock's previous quarterly dividend of $0.47.
Read our dividend analysis for MCK
.

Is McKesson a good dividend stock?

McKesson (NYSE:MCK) pays an annual dividend of $1.88 per share and currently has a dividend yield of 0.51%. 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 19.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCK will have a dividend payout ratio of 7.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCK.

How will McKesson's stock buyback program work?

McKesson declared that its board has initiated a share repurchase program on Tuesday, February 2nd 2021, which permits the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 6.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

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

McKesson updated its FY 2023 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of $23.95-$24.65 for the period, compared to the consensus earnings per share estimate of $23.35. The company issued revenue guidance of -.

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).

What is McKesson's stock symbol?

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

Who are McKesson's major shareholders?

McKesson's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State Street Corp (4.60%), JPMorgan Chase & Co. (3.97%), Massachusetts Financial Services Co. MA (3.41%), FMR LLC (2.16%), Pzena Investment Management LLC (1.69%) and Northern Trust Corp (1.14%). Insiders that own company stock include Brian S Tyler, Brian S Tyler, Britt J Vitalone, Kevin Emerson, Lori A Schechter, Lori A Schechter, Marie L/Ca Knowles, Nancy Flores, Sundeep G Reddy, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is McKesson's stock price today?

One share of MCK stock can currently be purchased for approximately $373.84.

How much money does McKesson make?

McKesson (NYSE:MCK) has a market capitalization of $53.73 billion and generates $263.97 billion in revenue each year. The company earns $1.11 billion in net income (profit) each year or $9.46 on an earnings per share basis.

How many employees does McKesson have?

The company employs 75,000 workers across the globe.

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
When was McKesson founded?

McKesson was founded in 1833.

How can I contact McKesson?

McKesson's mailing address is 6555 STATE HWY 161, IRVING TX, 75039. The official website for the company is www.mckesson.com. The company can be reached via phone at (972) 446-4800, via email at investors@mckesson.com, or via fax at 415-983-8453.

This page (NYSE:MCK) was last updated on 8/17/2022 by MarketBeat.com Staff

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