McKesson - MCK Stock Forecast, Price & News

10 Wall Street 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 analysts is that investors should "buy" MCK shares.
View MCK analyst ratings or view top-rated stocks.

10 brokerages have issued twelve-month price targets for McKesson's shares. Their MCK share price forecasts range from $265.00 to $440.00. On average, they expect the company's share price to reach $395.91 in the next twelve months. This suggests a possible upside of 2.3% from the stock's current price.
View analysts price targets for MCK or view top-rated stocks among Wall Street analysts.

McKesson's stock was trading at $248.57 at the beginning of 2022. Since then, MCK stock has increased by 55.8% and is now trading at $387.16.
View the best growth stocks for 2022 here.

McKesson saw a increase in short interest in 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 short-interest ratio is presently 3.1 days. Currently, 2.1% of the company's stock are sold short.
View McKesson's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our MCK earnings forecast.

McKesson Co. (NYSE:MCK) announced its quarterly earnings results on Sunday, October, 31st. The company reported $6.15 earnings per share for the quarter, beating analysts' consensus estimates of $4.66 by $1.49. The firm had revenue of $66.58 billion for 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%. McKesson's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.80 EPS.
Read the conference call transcript.

McKesson announced a quarterly dividend on Wednesday, October 26th. Investors of record on Thursday, December 1st will be paid a dividend of $0.54 per share on Tuesday, January 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 0.56%. 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 8.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCK.

McKesson declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 2nd 2021, which allows the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

McKesson issued an update on its FY 2023 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (EPS) 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 retail and institutional investors. Top institutional shareholders 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of MCK stock can currently be purchased for approximately $387.16.

McKesson (NYSE:MCK) has a market capitalization of $54.90 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.