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 stock has increased by 11.6% and is now trading at $150.91. 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 earnings results 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 business had revenue of $58.54 billion for 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 quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.69 earnings per share. View McKesson's earnings history.

McKesson declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Monday, June 1st will be given a dividend of $0.41 per share on Wednesday, July 1st. This represents a $1.64 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend 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 guidance of $13.95-14.75 for the period, compared to the Thomson Reuters consensus EPS 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 Wall Street analysts have issued twelve-month target prices for McKesson's stock. Their forecasts range from $146.00 to $197.00. On average, they anticipate McKesson's share price to reach $172.21 in the next year. This suggests a possible upside of 14.1% from the stock's current price. View analysts' price targets for McKesson.

Media stories about MCK stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. McKesson earned a daily sentiment score of -1.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about McKesson.

McKesson saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,680,000 shares, an increase of 6.3% from the May 31st total of 2,520,000 shares. Based on an average daily volume of 3,230,000 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.7% of the company's shares are short sold. 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 variety of institutional and retail investors. Top institutional investors include Pensionfund DSM Netherlands (0.01%) and Pensionfund Sabic (0.01%). 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 bought by a variety of institutional investors in the last quarter, including Pensionfund DSM Netherlands, and Pensionfund Sabic. 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 $150.91.

McKesson has a market capitalization of $24.47 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]