McKesson - MCK Stock Forecast, Price & News

9 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 7 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.

9 brokerages have issued 12-month price objectives for McKesson's stock. Their MCK share price forecasts range from $376.00 to $450.00. On average, they anticipate the company's stock price to reach $416.30 in the next year. This suggests a possible upside of 14.8% from the stock's current price.
View analysts price targets for MCK or view top-rated stocks among Wall Street analysts.

McKesson's stock was trading at $375.12 at the beginning of the year. Since then, MCK shares have decreased by 3.3% and is now trading at $362.58.
View the best growth stocks for 2023 here.

McKesson saw a drop in short interest in January. As of January 15th, there was short interest totaling 3,520,000 shares, a drop of 8.8% from the December 31st total of 3,860,000 shares. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is currently 3.3 days. Approximately 2.5% of the shares of the stock are sold short.
View McKesson's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our MCK earnings forecast.

McKesson Co. (NYSE:MCK) announced its quarterly earnings results on Wednesday, February, 1st. The company reported $6.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.36 by $0.54. The firm had revenue of $70.49 billion for the quarter, compared to the consensus estimate of $70.98 billion. McKesson had a negative trailing twelve-month return on equity of 216.12% and a net margin of 1.15%. The company's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.15 earnings per share.
Read the conference call transcript.

McKesson announced a quarterly dividend on Thursday, January 26th. Investors of record on Wednesday, March 1st will be paid a dividend of $0.54 per share on Monday, April 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Tuesday, February 28th.
Read our dividend analysis for MCK.

McKesson (NYSE:MCK) pays an annual dividend of $2.16 per share and currently has a dividend yield of 0.59%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 9.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCK will have a dividend payout ratio of 8.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCK.

McKesson issued an update on its FY23 earnings guidance on Wednesday, February, 1st. The company provided EPS guidance of $25.75-26.15 for the period, compared to the consensus EPS estimate of $24.80.

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.

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).

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

McKesson's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (0.69%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), New York State Common Retirement Fund (0.24%), Strs Ohio (0.22%), Artemis Investment Management LLP (0.16%) and Natixis Advisors L.P. (0.16%). 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.

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.

One share of MCK stock can currently be purchased for approximately $362.58.

McKesson (NYSE:MCK) has a market capitalization of $51.41 billion and generates $263.97 billion in revenue each year. The company earns $1.11 billion in net income (profit) each year or $21.87 on an earnings per share basis.

The company employs 75,000 workers across the globe.

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.