McKesson Corporation (MCK) Given Consensus Rating of “Hold” by Brokerages
Shares of McKesson Corporation (NYSE:MCK) have earned a consensus rating of “Hold” from the twenty research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $174.27.
Several analysts recently commented on the stock. Robert W. Baird raised shares of McKesson from a “neutral” rating to an “outperform” rating and increased their target price for the company from $175.00 to $178.00 in a research note on Tuesday, September 19th. Mizuho set a $168.00 target price on shares of McKesson and gave the company a “hold” rating in a research note on Tuesday, October 24th. Jefferies Group set a $165.00 price target on shares of McKesson and gave the company a “hold” rating in a research report on Tuesday, August 29th. Needham & Company LLC set a $179.00 price target on shares of McKesson and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, Cowen upgraded shares of McKesson from a “market perform” rating to an “outperform” rating and upped their price target for the company from $176.00 to $189.00 in a research report on Tuesday, October 10th.
In other news, Chairman John H. Hammergren sold 225,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $151.67, for a total transaction of $34,125,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Erin M. Lampert sold 900 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $155.65, for a total transaction of $140,085.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 949,900 shares of company stock valued at $145,403,445. Insiders own 1.20% of the company’s stock.
McKesson (MCK) traded down $1.35 during trading on Friday, hitting $146.39. 2,560,714 shares of the stock traded hands, compared to its average volume of 1,880,070. The company has a quick ratio of 0.61, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $30,520.00, a PE ratio of 12.15, a PEG ratio of 1.52 and a beta of 1.21. McKesson has a twelve month low of $133.82 and a twelve month high of $169.29.
McKesson (NYSE:MCK) last posted its quarterly earnings data on Thursday, October 26th. The company reported $3.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.50. The business had revenue of $52.06 billion during the quarter, compared to analysts’ expectations of $51.69 billion. McKesson had a net margin of 2.24% and a return on equity of 24.87%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $2.94 earnings per share. equities research analysts forecast that McKesson will post 12.16 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Thursday, November 30th. McKesson’s dividend payout ratio (DPR) is presently 6.44%.
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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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