McKesson Corp. EVP Brian Scott Tyler Sells 9,000 Shares (MCK)
McKesson Corp. (NYSE:MCK) EVP Brian Scott Tyler sold 9,000 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $138.00, for a total transaction of $1,242,000.00. Following the sale, the executive vice president now directly owns 5 shares in the company, valued at approximately $690. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on MCK shares. Analysts at Raymond James upgraded shares of McKesson Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $155.00 price target on the stock. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of McKesson Corp. in a research note to investors on Tuesday, October 1st. They now have a $164.00 price target on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of McKesson Corp. from $135.00 to $150.00 in a research note to investors on Tuesday, October 1st. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. McKesson Corp. presently has an average rating of “Buy” and an average price target of $134.00.
McKesson Corp. (NYSE:MCK) traded up 3.30% on Thursday, hitting $137.88. 2,285,688 shares of the company’s stock traded hands. McKesson Corp. has a one year low of $89.00 and a one year high of $138.43. The stock has a 50-day moving average of $127. and a 200-day moving average of $117.6. The company has a market cap of $31.523 billion and a price-to-earnings ratio of 22.93.
McKesson Corp. (NYSE:MCK) last announced its earnings results on Thursday, July 25th. The company reported $2.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.71 by $0.36. The company had revenue of $32.20 billion for the quarter, compared to the consensus estimate of $32.60 billion. During the same quarter last year, the company posted $1.55 earnings per share. McKesson Corp.’s revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that McKesson Corp. will post $8.32 earnings per share for the current fiscal year.
McKesson Corporation delivers pharmaceuticals, medical supplies and healthcare information technologies.
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