NYSE:MCKMcKesson Stock Price, Forecast & News

McKesson's stock was trading at $135.17 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MCK shares have increased by 12.1% and is now trading at $151.51. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McKesson in the last year. There are currently 5 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 Wednesday, July 29th 2020. View our earnings forecast for McKesson.

McKesson Co. (NYSE:MCK) released its quarterly earnings data on Wednesday, May, 20th. The company reported $4.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $4.10 by $0.17. The firm earned $58.54 billion during the quarter, compared to the consensus estimate of $55.60 billion. McKesson had a return on equity of 41.07% and a net margin of 0.39%. The business's revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.69 EPS. View McKesson's earnings history.

McKesson declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.41 per share on Wednesday, July 1st. This represents a $1.64 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, May 29th. View McKesson's dividend history.

McKesson issued an update on its FY21 earnings guidance on Wednesday, May, 20th. The company provided earnings per share (EPS) guidance of $13.95-14.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $15.48. The company issued revenue guidance of +2-4% to $218.6-222.9 billion, compared to the consensus revenue estimate of $234.49 billion.

15 analysts have issued 12 month price targets for McKesson's stock. Their forecasts range from $146.00 to $197.00. On average, they expect McKesson's share price to reach $172.21 in the next twelve months. This suggests a possible upside of 13.7% from the stock's current price. View analysts' price targets for McKesson.

News coverage about MCK stock has been trending negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. McKesson earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about McKesson.

McKesson saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 2,180,000 shares, a decline of 18.7% from the June 15th total of 2,680,000 shares. Based on an average daily volume of 1,840,000 shares, the short-interest ratio is currently 1.2 days. Approximately 1.4% of the company's stock are sold short. View McKesson's Current Options Chain.

Some companies that are related to McKesson include AmerisourceBergen (ABC), Cardinal Health (CAH), Henry Schein (HSIC), Patterson Companies (PDCO) and Owens & Minor (OMI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other McKesson investors own include Walt Disney (DIS), Gilead Sciences (GILD), CVS Health (CVS), salesforce.com (CRM), UnitedHealth Group (UNH), Johnson & Johnson (JNJ), Allergan (AGN), Bank of America (BAC), AbbVie (ABBV) and Chevron (CVX).

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

McKesson's stock is owned by a number of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.05%), Pensionfund DSM Netherlands (0.01%), Fulton Bank N. A. (0.01%), Pensionfund Sabic (0.01%), Groesbeck Investment Management Corp NJ (0.00%) and Ellevest Inc. (0.00%). Company insiders that own McKesson stock include Brian S Tyler, Brian Scott Tyler, Britt J Vitalone, Lori A Schechter, M Christine Jacobs, N Anthony Coles 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 Fulton Bank N. A., and Groesbeck Investment Management Corp NJ. Company insiders that have sold McKesson company stock in the last year include Brian S Tyler, Britt J Vitalone, Lori A Schechter, M Christine Jacobs, 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 State of Alaska Department of Revenue, Pensionfund DSM Netherlands, Pensionfund Sabic, and Ellevest 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 $151.51.

McKesson has a market capitalization of $24.56 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]