McKesson Corp. Upgraded to Strong-Buy at ISI Group (MCK)
McKesson Corp. (NYSE:MCK) was upgraded by stock analysts at ISI Group to a “strong-buy” rating in a report issued on Thursday, American Banking News.com reports.
In other McKesson Corp. news, EVP Brian Scott Tyler unloaded 9,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $138.51, for a total value of $1,246,590.00. Following the sale, the executive vice president now directly owns 5 shares of the company’s stock, valued at approximately $693. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. downgraded shares of McKesson Corp. to an “underperform” rating in a research note to investors on Thursday. Separately, analysts at Leerink Swann upgraded shares of McKesson Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of McKesson Corp. in a research note to investors on Monday, October 14th. They now have a $164.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. McKesson Corp. presently has a consensus rating of “Buy” and an average price target of $137.09.
McKesson Corp. (NYSE:MCK) traded up 3.98% during mid-day trading on Thursday, hitting $148.74. The stock had a trading volume of 5,293,102 shares. McKesson Corp. has a 52-week low of $84.65 and a 52-week high of $129.62. The stock’s 50-day moving average is $123.4 and its 200-day moving average is $114.6. The company has a market cap of $34.006 billion and a price-to-earnings ratio of 24.57.
McKesson Corp. (NYSE:MCK) last announced its earnings results on Thursday, October 24th. The company reported $2.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.03 by $0.24. The company had revenue of $33.00 billion for the quarter, compared to the consensus estimate of $32.16 billion. During the same quarter last year, the company posted $1.92 earnings per share. McKesson Corp.’s revenue was up 10.8% compared to the same quarter last year. Analysts expect that McKesson Corp. will post $8.33 EPS for the current fiscal year.
McKesson Corporation delivers pharmaceuticals, medical supplies and healthcare information technologies.
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