McKesson Stock Forecast, Price & 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 12.5% and is now trading at $152.13.
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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.

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

McKesson Co. (NYSE:MCK) announced its earnings results on Monday, August, 3rd. The company reported $2.77 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $0.42. The company had revenue of $55.68 billion for the quarter, compared to the consensus estimate of $54.16 billion. McKesson had a net margin of 0.40% and a return on equity of 42.33%. McKesson's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.31 earnings per share.
View McKesson's earnings history.

McKesson announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Tuesday, September 1st will be given 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 of this dividend is Monday, August 31st. This is a boost from McKesson's previous quarterly dividend of $0.41.
View McKesson's dividend history.

McKesson updated 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.

13 equities research analysts have issued 12-month target prices for McKesson's shares. Their forecasts range from $147.00 to $204.00. On average, they expect McKesson's share 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.

McKesson saw a decline in short interest in the month of 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. Currently, 1.0% of the company's shares are sold short.
View McKesson's Short Interest.

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

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

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.

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.

MCK stock was acquired 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.

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 $152.13.

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.

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]