NYSE:MCK - McKesson Stock Price, Forecast & News

McKesson's stock was trading at $135.17 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MCK shares have decreased by 7.0% and is now trading at $125.70. View which stocks have been mosted impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McKesson in the last year. There are currently 1 sell rating, 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for McKesson.

McKesson is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for McKesson.

McKesson Co. (NYSE:MCK) posted its quarterly earnings results on Tuesday, February, 4th. The company reported $3.81 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $3.56 by $0.25. The company earned $59.17 billion during the quarter, compared to analyst estimates of $59.10 billion. McKesson had a negative net margin of 0.41% and a positive return on equity of 36.40%. The business's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.40 earnings per share. View McKesson's earnings history.

McKesson declared a quarterly dividend on Wednesday, January 29th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.41 per share on Wednesday, April 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, February 28th. View McKesson's dividend history.

McKesson updated its FY20 earnings guidance on Tuesday, March, 17th. The company provided earnings per share guidance of $14.67-14.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $14.74.

12 analysts have issued 12-month target prices for McKesson's stock. Their forecasts range from $140.00 to $197.00. On average, they expect McKesson's stock price to reach $163.18 in the next year. This suggests a possible upside of 29.8% from the stock's current price. View analysts' price targets for McKesson.

Media coverage about MCK stock has trended very positive on Sunday, according to InfoTrie. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. McKesson earned a media sentiment score of 4.0 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutMcKesson.

McKesson saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 36,482,200 shares, an increase of 93.4% from the February 27th total of 18,860,000 shares. Based on an average daily trading volume, of 3,930,000 shares, the days-to-cover ratio is currently 9.3 days. Currently, 25.6% of the company's stock 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).

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

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

McKesson's stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (4.66%), Massachusetts Financial Services Co. MA (3.11%), FMR LLC (2.39%), Boston Partners (2.33%), Pzena Investment Management LLC (2.13%) and Geode Capital Management LLC (1.64%). Company insiders that own McKesson stock include Brian S Tyler, Brian Scott Tyler, Britt J Vitalone, Erin M Lampert, 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 Ruffer LLP, Massachusetts Financial Services Co. MA, Man Group plc, FMR LLC, PGGM Investments, Boston Partners, State Street Corp, and Assenagon Asset Management S.A.. Company insiders that have sold McKesson company stock in the last year include Brian S Tyler, Brian Scott 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 Norges Bank, AQR Capital Management LLC, Amundi Pioneer Asset Management Inc., Investec Asset Management LTD, Baupost Group LLC MA, Jacobs Levy Equity Management Inc., Panagora Asset Management Inc., and Eaton Vance Management. 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 $125.70.

McKesson has a market capitalization of $22.24 billion and generates $214.32 billion in revenue each year. The company earns $34 million in net income (profit) each year or $13.57 on an earnings per share basis. McKesson employs 80,000 workers across the globe. View additional information about McKesson.

The official website for McKesson is http://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]