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.
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9 analysts have issued 12-month target prices for McKesson's stock. Their MCK share price forecasts range from $376.00 to $450.00. On average, they predict the company's stock price to reach $416.30 in the next year. This suggests a possible upside of 16.2% from the stock's current price.
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McKesson's stock was trading at $375.12 at the beginning of 2023. Since then, MCK stock has decreased by 4.5% and is now trading at $358.13.
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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 trading volume of 1,070,000 shares, the short-interest ratio is currently 3.3 days. Currently, 2.5% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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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 analysts' consensus estimates of $6.36 by $0.54. The firm had revenue of $70.49 billion for the quarter, compared to analyst estimates of $70.98 billion. McKesson had a net margin of 1.15% and a negative trailing twelve-month return on equity of 216.12%. McKesson's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.15 EPS.
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McKesson declared a quarterly dividend on Thursday, January 26th. Stockholders 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 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 0.60%. 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 8.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCK.

McKesson updated 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 earnings per share 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 number of institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (0.69%), Scharf Investments LLC (0.48%), Pacer Advisors Inc. (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), New York State Common Retirement Fund (0.24%) and Strs Ohio (0.22%). 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.
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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.
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One share of MCK stock can currently be purchased for approximately $358.13.

McKesson (NYSE:MCK) has a market capitalization of $49.04 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.