Share on StockTwits

McKesson (NYSE:MCK) shares reached a new 52-week high on Wednesday , AR Network reports. The company traded as high as $197.13 and last traded at $195.21, with a volume of 322,988 shares traded. The stock had previously closed at $195.31.

Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of McKesson in a research note on Monday, August 4th. They now have a $220.00 price target on the stock, up previously from $200.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of McKesson in a research note on Friday, August 1st. They now have a $201.00 price target on the stock. Finally, analysts at Leerink Swann raised their price target on shares of McKesson from $205.00 to $220.00 in a research note on Friday, August 1st. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. McKesson has a consensus rating of “Buy” and an average target price of $209.06.

The stock has a 50-day moving average of $191.6 and a 200-day moving average of $182.4. The company has a market cap of $45.157 billion and a P/E ratio of 36.71.

McKesson (NYSE:MCK) last released its earnings data on Thursday, July 31st. The company reported $2.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.36 by $0.13. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $40.65 billion. During the same quarter last year, the company posted $2.07 earnings per share. McKesson’s revenue was up 36.7% compared to the same quarter last year. Analysts expect that McKesson will post $10.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, August 28th.

In other McKesson news, EVP Jorge Figueredo sold 24,500 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $195.00, for a total value of $4,777,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

McKesson Corporation delivers pharmaceuticals, medical supplies and healthcare information technologies.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.