McKesson Stock Forecast, Price & News

McKesson's stock was trading at $135.17 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MCK stock has increased by 9.1% and is now trading at $147.49.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McKesson in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for McKesson.

McKesson is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for McKesson.

McKesson will be holding an earnings conference call on Tuesday, November 3rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

McKesson Co. (NYSE:MCK) issued its quarterly earnings results on Monday, August, 3rd. The company reported $2.77 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $2.35 by $0.42. The business had revenue of $55.68 billion for the quarter, compared to analysts' expectations of $54.16 billion. McKesson had a return on equity of 42.33% and a net margin of 0.40%. The company's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.31 earnings per share.
View McKesson's earnings history.

McKesson announced a quarterly dividend on Thursday, October 29th. Investors 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 yield of 1.14%.
View McKesson's dividend history.

McKesson issued an update on its FY21 earnings guidance on Monday, August, 3rd. The company provided earnings per share (EPS) guidance of $14.70-15.50 for the period, compared to the Thomson Reuters consensus estimate of $14.39.

13 brokerages have issued twelve-month target prices for McKesson's stock. Their forecasts range from $147.00 to $204.00. On average, they expect McKesson's share price to reach $179.08 in the next year. This suggests a possible upside of 21.4% from the stock's current price.
View analysts' price targets for McKesson.

McKesson saw a decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,840,000 shares, a decrease 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 short-interest ratio is presently 1.7 days. Approximately 1.1% of the shares of the company are sold short.
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 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 shareholders include Pzena Investment Management LLC (2.06%), LSV Asset Management (0.99%), Scharf Investments LLC (0.52%), Robeco Institutional Asset Management B.V. (0.23%), TCW Group Inc. (0.20%) and Prudential PLC (0.12%). 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 BNP Paribas Arbitrage SA, KBC Group NV, State of Alaska Department of Revenue, Assenagon Asset Management S.A., Scharf Investments LLC, LSV Asset Management, TCW Group Inc., and Toronto Dominion Bank. 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 Pzena Investment Management LLC, Robeco Institutional Asset Management B.V., Artemis Investment Management LLP, DekaBank Deutsche Girozentrale, Campbell Capital Management Inc., Alberta Investment Management Corp, CX Institutional, and Tributary Capital Management LLC.
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 $147.49.

McKesson has a market capitalization of $23.92 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 80,000 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]