McKesson - MCK Stock Forecast, Price & News

10 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 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MCK shares.
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10 Wall Street research analysts have issued 1-year target prices for McKesson's stock. Their MCK share price forecasts range from $265.00 to $440.00. On average, they predict the company's stock price to reach $395.91 in the next twelve months. This suggests a possible upside of 3.7% from the stock's current price.
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McKesson's stock was trading at $248.57 on January 1st, 2022. Since then, MCK shares have increased by 53.6% and is now trading at $381.68.
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McKesson saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 2,980,000 shares, an increase of 8.8% from the October 15th total of 2,740,000 shares. Based on an average daily trading volume, of 954,700 shares, the days-to-cover ratio is presently 3.1 days. Approximately 2.1% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
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McKesson Co. (NYSE:MCK) posted its quarterly earnings results on Sunday, October, 31st. The company reported $6.15 earnings per share for the quarter, topping analysts' consensus estimates of $4.66 by $1.49. The business earned $66.58 billion during the quarter, compared to analysts' expectations of $63.23 billion. McKesson had a net margin of 0.76% and a negative trailing twelve-month return on equity of 267.09%. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.80 earnings per share.
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McKesson declared a quarterly dividend on Wednesday, October 26th. Investors of record on Thursday, December 1st will be given a dividend of $0.54 per share on Tuesday, January 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, November 30th.
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 0.57%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 15.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCK will have a dividend payout ratio of 8.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCK.

McKesson announced that its board has authorized a share buyback plan on Tuesday, February 2nd 2021, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

McKesson updated its FY 2023 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of $24.45-$24.95 for the period, compared to the consensus earnings per share estimate of $24.50. The company issued revenue guidance of $271.88 billion-$282.44 billion, compared to the consensus revenue estimate of $276.54 billion.

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 Vanguard Group Inc. (10.72%), BlackRock Inc. (7.90%), State Street Corp (4.62%), Massachusetts Financial Services Co. MA (3.37%), Putnam Investments LLC (1.43%) and Bank of New York Mellon Corp (1.27%). 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 $381.68.

McKesson (NYSE:MCK) has a market capitalization of $54.12 billion and generates $263.97 billion in revenue each year. The company earns $1.11 billion in net income (profit) each year or $14.17 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.