McKesson - MCK Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McKesson in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MCK shares.
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9 brokerages have issued 12-month target prices for McKesson's shares. Their MCK share price forecasts range from $376.00 to $445.00. On average, they predict the company's share price to reach $411.20 in the next year. This suggests a possible upside of 7.0% from the stock's current price.
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McKesson's stock was trading at $375.12 at the beginning of the year. Since then, MCK shares have increased by 2.4% and is now trading at $384.12.
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McKesson saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 3,520,000 shares, a decline of 8.8% from the December 31st total of 3,860,000 shares. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is presently 3.3 days. Currently, 2.5% of the company's shares are short sold.
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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 will be holding an earnings conference call on Wednesday, February 1st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

McKesson Co. (NYSE:MCK) released its quarterly earnings data on Tuesday, November, 1st. The company reported $6.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.13 by $0.07. The business earned $70.16 billion during the quarter, compared to the consensus estimate of $69.66 billion. McKesson had a net margin of 0.76% and a negative trailing twelve-month return on equity of 267.09%.

McKesson announced a quarterly dividend on Thursday, January 26th. Stockholders of record on Wednesday, March 1st will be paid a dividend of $0.54 per share on Monday, April 3rd. This represents a $2.16 annualized dividend and a yield of 0.56%.
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 15 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 8.19% 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 initiated a stock repurchase plan on Tuesday, February 2nd 2021, which permits the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is 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 EPS 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 many different retail and institutional investors. Top institutional shareholders include Strs Ohio (0.22%), Artemis Investment Management LLP (0.16%), Meyer Handelman Co. (0.10%), Signature Estate & Investment Advisors LLC (0.07%), Wedge Capital Management L L P NC (0.07%) and Ardevora Asset Management LLP (0.05%). 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 $384.12.

McKesson (NYSE:MCK) has a market capitalization of $54.47 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.