McKesson Corporation (MCK) PT Set at $165.00 by Jefferies Group LLC
McKesson Corporation (NYSE:MCK) has been given a $165.00 target price by research analysts at Jefferies Group LLC in a research note issued on Wednesday. The firm presently has a “hold” rating on the stock. Jefferies Group LLC’s target price indicates a potential upside of 9.43% from the stock’s previous close.
A number of other research firms have also commented on MCK. UBS AG reiterated a “neutral” rating and issued a $166.00 price target (up previously from $156.00) on shares of McKesson Corporation in a research report on Monday, June 26th. Vetr lowered McKesson Corporation from a “strong-buy” rating to a “buy” rating and set a $187.51 price target on the stock. in a research report on Monday, July 17th. Leerink Swann upped their price target on McKesson Corporation to $170.00 and gave the company a “market perform” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded McKesson Corporation from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research report on Wednesday, July 12th. Finally, BidaskClub lowered McKesson Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. McKesson Corporation currently has an average rating of “Hold” and a consensus price target of $172.45.
Shares of McKesson Corporation (NYSE MCK) traded up 0.55% during trading on Wednesday, hitting $150.78. The stock had a trading volume of 1,404,094 shares. The stock has a market capitalization of $31.70 billion, a price-to-earnings ratio of 6.90 and a beta of 1.17. The stock has a 50 day moving average price of $151.90 and a 200-day moving average price of $153.51. McKesson Corporation has a one year low of $114.53 and a one year high of $169.29.
McKesson Corporation (NYSE:MCK) last released its quarterly earnings results on Thursday, July 27th. The company reported $2.46 EPS for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.35). McKesson Corporation had a net margin of 2.42% and a return on equity of 25.76%. The company had revenue of $51.05 billion during the quarter, compared to the consensus estimate of $51.22 billion. During the same quarter last year, the firm posted $3.50 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts predict that McKesson Corporation will post $12.06 earnings per share for the current year.
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In related news, SVP Erin M. Lampert sold 900 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $155.65, for a total transaction of $140,085.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John H. Hammergren sold 99,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $153.89, for a total value of $15,235,110.00. Following the transaction, the chief executive officer now directly owns 165,000 shares in the company, valued at $25,391,850. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 952,066 shares of company stock worth $145,736,987. 1.20% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Family Firm Inc. raised its stake in shares of McKesson Corporation by 0.3% in the second quarter. Family Firm Inc. now owns 1,922 shares of the company’s stock worth $316,000 after purchasing an additional 5 shares during the last quarter. Cypress Capital Group raised its stake in shares of McKesson Corporation by 0.3% in the second quarter. Cypress Capital Group now owns 3,588 shares of the company’s stock worth $590,000 after purchasing an additional 10 shares during the last quarter. Tompkins Financial Corp raised its stake in shares of McKesson Corporation by 2.3% in the second quarter. Tompkins Financial Corp now owns 785 shares of the company’s stock worth $129,000 after purchasing an additional 18 shares during the last quarter. First Financial Bank Trust Division raised its stake in shares of McKesson Corporation by 1.3% in the second quarter. First Financial Bank Trust Division now owns 1,811 shares of the company’s stock worth $298,000 after purchasing an additional 23 shares during the last quarter. Finally, SOL Capital Management CO raised its stake in shares of McKesson Corporation by 0.9% in the second quarter. SOL Capital Management CO now owns 3,556 shares of the company’s stock worth $585,000 after purchasing an additional 30 shares during the last quarter. 85.16% of the stock is currently owned by institutional investors and hedge funds.
McKesson Corporation Company Profile
McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The Company operates through two segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally.
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