NYSE:MCK

McKesson Stock Forecast, Price & News

$152.13

+0.63 (+0.42 %)

(As of 09/18/2020 12:00 AM ET)

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Today's Range

$150.50

Now: $152.13▼

$153.92

50-Day Range

$149.66

MA: $152.84▼

$159.90

52-Week Range

$112.60

Now: $152.13▼

$172.18

Volume2.18 million shs

Average Volume2.67 million shs

Market Capitalization$24.67 billion

P/E Ratio27.12

Dividend Yield1.11%

Beta0.77

McKesson Corporation provides pharmaceuticals and medical supplies in the United States and internationally. It operates in three segments: U.S. Pharmaceutical and Specialty Solutions, European Pharmaceutical Solutions, and Medical-Surgical Solutions. The company distributes branded, generic, specialty, biosimilar, and over-the-counter pharmaceutical drugs, as well as other healthcare-related products; and offers practice management, technology, clinical support, and business solutions to community-based oncology and other specialty practices. It also provides specialty pharmaceutical solutions for pharmaceutical manufacturers; and medical-surgical supply distribution, logistics, and other services to healthcare providers. In addition, the company operates retail pharmacy chains in Europe and Canada, as well as supports independent pharmacy networks within North America and Europe; and supplies integrated pharmacy management systems, automated dispensing systems, and related services to retail, outpatient, central fill, specialty, and mail order pharmacies. Further, it provides software and analytics, network solutions, and technology-enabled services. The company serves retail national accounts, including national and regional chains, food and drug combinations, mail order pharmacies, and mass merchandisers; independent retail pharmacies; and institutional healthcare providers, such as hospitals, health systems, integrated delivery networks, and long-term care providers, as well as pharmaceutical manufacturers. McKesson Corporation was founded in 1833 and is headquartered in San Francisco, California.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
McKesson has received a consensus rating of Buy. The company's average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $179.08, McKesson has a forecasted upside of 17.7% from its current price of $152.13.
Amount of Analyst Coverage
McKesson has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.1 Community Rank

Outperform Votes
McKesson has received 870 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
McKesson has received 538 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
McKesson has received 61.79% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about McKesson and other stocks. Vote “Outperform” if you believe MCK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MCK will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
McKesson has a dividend yield of 1.11%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
McKesson has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of McKesson is 11.24%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, McKesson will have a dividend payout ratio of 9.94% next year. This indicates that McKesson will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, McKesson insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $174,510.00 in company stock.
Percentage Held by Insiders
Only 0.28% of the stock of McKesson is held by insiders.
Percentage Held by Institutions
86.55% of the stock of McKesson is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for McKesson are expected to grow by 11.70% in the coming year, from $15.13 to $16.90 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of McKesson is 27.12, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.91.
Price to Earnings Ratio vs. Sector
The P/E ratio of McKesson is 27.12, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 27.03.
Price to Earnings Growth Ratio
McKesson has a PEG Ratio of 1.59. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
McKesson has a P/B Ratio of 5.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.96 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Drugs, proprietaries, & sundries

Sub-IndustryHealth Care Distributors

SectorMedical

Current SymbolNYSE:MCK

Previous Symbol

CUSIP58155Q10

CIK927653

Webwww.mckesson.com

Phone972-446-4800

Debt

Debt-to-Equity Ratio1.13

Current Ratio1.00

Quick Ratio0.57

Price-To-Earnings

Trailing P/E Ratio27.12

Forward P/E Ratio10.05

P/E Growth1.59

Sales & Book Value

Annual Sales$231.05 billion

Price / Sales0.11

Cash Flow$21.61 per share

Price / Cash Flow7.04

Book Value$30.01 per share

Price / Book5.07

Profitability

EPS (Most Recent Fiscal Year)$14.95

Net Income$900 million

Net Margins0.40%

Return on Equity42.33%

Return on Assets4.26%

Miscellaneous

Employees80,000

Outstanding Shares162,190,000

Market Cap$24.67 billion

Next Earnings Date11/4/2020 (Estimated)

OptionableOptionable

$152.13

+0.63 (+0.42 %)

(As of 09/18/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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McKesson (NYSE:MCK) Frequently Asked Questions

How has McKesson's stock been impacted by Coronavirus (COVID-19)?

McKesson's stock was trading at $135.17 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MCK stock has increased by 12.5% and is now trading at $152.13.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of McKesson?

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.

When is McKesson's next earnings date?

McKesson is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for McKesson.

How were McKesson's earnings last quarter?

McKesson Co. (NYSE:MCK) announced its quarterly earnings data on Monday, August, 3rd. The company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.35 by $0.42. The firm earned $55.68 billion during 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%. McKesson's quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $3.31 EPS.
View McKesson's earnings history.

How often does McKesson pay dividends? What is the dividend yield for McKesson?

McKesson announced a quarterly dividend on Wednesday, July 29th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.42 per share on Thursday, October 1st. This represents a $1.68 annualized dividend and a yield of 1.10%. The ex-dividend date is Monday, August 31st. This is a positive change from McKesson's previous quarterly dividend of $0.41.
View McKesson's dividend history.

What guidance has McKesson issued on next quarter's earnings?

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.

What price target have analysts set for MCK?

13 analysts have issued 12 month price objectives for McKesson's stock. Their forecasts range from $147.00 to $204.00. On average, they expect McKesson's stock price to reach $179.08 in the next twelve months. This suggests a possible upside of 17.7% from the stock's current price.
View analysts' price targets for McKesson.

Are investors shorting McKesson?

McKesson saw a decline in short interest in August. As of August 31st, there was short interest totaling 1,660,000 shares, a decline of 22.4% from the August 15th total of 2,140,000 shares. Based on an average trading volume of 1,090,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.0% of the company's stock are sold short.
View McKesson's Short Interest.

Who are some of McKesson's key competitors?

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.

What other stocks do shareholders of McKesson own?

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), Johnson & Johnson (JNJ), AbbVie (ABBV), AT&T (T), Bank of America (BAC), salesforce.com (CRM), NVIDIA (NVDA) and UnitedHealth Group (UNH).

Who are McKesson's key executives?

McKesson's management team includes the following people:

Mr. John H. Hammergren, Chairman & CEO (Age 60)
Britt J. Vitalone, CFO & Exec. VP (Age 50)
Ms. Lori A. Schechter, Chief Compliance Officer, Exec. VP & Gen. Counsel (Age 57)
Mr. Jorge L. Figueredo, Exec. VP & Chief HR Officer (Age 58)
Mr. Bansi Nagji, Exec. VP and Chief Strategy & Bus. Devel. Officer (Age 54)

What is McKesson's stock symbol?

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

Who are McKesson's major shareholders?

McKesson's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.90%), Vanguard Group Inc. (8.66%), Nordea Investment Management AB (2.69%), FMR LLC (2.39%), Pzena Investment Management LLC (1.85%) and Bank of New York Mellon Corp (1.31%). 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.

Which institutional investors are selling McKesson stock?

MCK stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Prudential PLC, Pzena Investment Management LLC, FMR LLC, Charles Schwab Investment Management Inc., Prudential Financial Inc., Bank of Montreal Can, and Glenmede Trust Co. NA. 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.

Which institutional investors are buying McKesson stock?

MCK stock was bought by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, BlackRock Inc., AQR Capital Management LLC, Senator Investment Group LP, Marshall Wace North America L.P., AJO LP, Bridgeway Capital Management Inc., and Alyeska Investment Group L.P..
View insider buying and selling activity for McKesson.

How do I buy shares of 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.

What is McKesson's stock price today?

One share of MCK stock can currently be purchased for approximately $152.13.

How big of a company is McKesson?

McKesson has a market capitalization of $24.67 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.

What is McKesson's official website?

The official website for McKesson is www.mckesson.com.

How can I contact McKesson?

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]

This page was last updated on 9/18/2020 by MarketBeat.com Staff

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