McKesson Corp. Sees Unusually Large Options Volume (MCK)
Shares of McKesson Corp. (NYSE:MCK) was the target of unusually large options trading on Wednesday. Stock investors acquired 17,444 put options on the company, Analyst Ratings.Net reports. This represents an increase of approximately 602% compared to the typical daily volume of 2,486 put options.
MCK has been the subject of a number of recent research reports. Analysts at Raymond James upgraded shares of McKesson Corp. from an “outperform” rating to a “strong-buy” rating in a research note to investors on Monday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of McKesson Corp. in a research note to investors on Thursday, December 26th. They now have a $181.00 price target on the stock. Finally, analysts at Zacks reiterated an “outperform” rating on shares of McKesson Corp. in a research note to investors on Friday, November 29th. They now have a $199.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $160.92.
Shares of McKesson Corp. (NYSE:MCK) traded up 4.93% during mid-day trading on Wednesday, hitting $169.81. The stock had a trading volume of 5,450,056 shares. McKesson Corp. has a 52 week low of $100.48 and a 52 week high of $166.57. The stock’s 50-day moving average is $161.1 and its 200-day moving average is $137.9. The company has a market cap of $39.007 billion and a P/E ratio of 27.51.
McKesson Corp. (NYSE:MCK) last released its earnings data on Thursday, October 24th. The company reported $2.27 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.92 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts predict that McKesson Corp. will post $8.62 earnings per share for the current fiscal year.
McKesson Corporation delivers pharmaceuticals, medical supplies and healthcare information technologies.
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