McKesson Co. (MCK) Receives Average Recommendation of “Hold” from Analysts

Shares of McKesson Co. (NYSE:MCK) have received an average recommendation of “Hold” from the twenty brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $174.85.

MCK has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and set a $173.00 price target (down from $178.00) on shares of McKesson in a research report on Wednesday, November 1st. ValuEngine cut McKesson from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group set a $165.00 price target on McKesson and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Evercore ISI started coverage on McKesson in a research note on Thursday, January 4th. They set an “outperform” rating and a $179.00 price objective on the stock. Finally, Zacks Investment Research raised McKesson from a “hold” rating to a “buy” rating and set a $177.00 price objective on the stock in a research note on Tuesday, December 26th.

In other news, Chairman John H. Hammergren sold 65,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $160.00, for a total value of $10,400,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of MCK. Ingalls & Snyder LLC increased its holdings in McKesson by 44.3% during the 4th quarter. Ingalls & Snyder LLC now owns 24,439 shares of the company’s stock worth $3,811,000 after purchasing an additional 7,500 shares during the period. State of Alaska Department of Revenue increased its holdings in McKesson by 493.9% during the 4th quarter. State of Alaska Department of Revenue now owns 21,796 shares of the company’s stock worth $3,397,000 after purchasing an additional 18,126 shares during the period. DORCHESTER WEALTH MANAGEMENT Co increased its holdings in McKesson by 6.1% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 21,066 shares of the company’s stock worth $3,285,000 after purchasing an additional 1,211 shares during the period. Robinson Value Management Ltd. increased its holdings in McKesson by 137.5% during the 4th quarter. Robinson Value Management Ltd. now owns 29,935 shares of the company’s stock worth $4,668,000 after purchasing an additional 17,332 shares during the period. Finally, Butensky & Cohen Financial Security Inc. increased its holdings in McKesson by 38.8% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 9,353 shares of the company’s stock worth $1,459,000 after purchasing an additional 2,615 shares during the period. Hedge funds and other institutional investors own 87.91% of the company’s stock.

Shares of McKesson (MCK) traded down $1.42 on Friday, hitting $170.36. The company had a trading volume of 2,399,922 shares, compared to its average volume of 1,560,000. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 0.61. McKesson has a 52-week low of $133.82 and a 52-week high of $173.84. The stock has a market capitalization of $35,520.00, a PE ratio of 8.07, a price-to-earnings-growth ratio of 1.75 and a beta of 1.23.

McKesson (NYSE:MCK) last issued its quarterly earnings results on Thursday, October 26th. The company reported $3.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.50. McKesson had a return on equity of 24.87% and a net margin of 2.24%. The firm had revenue of $52.06 billion during the quarter, compared to analysts’ expectations of $51.69 billion. During the same period in the previous year, the business earned $2.94 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts predict that McKesson will post 12.26 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Thursday, November 30th. McKesson’s dividend payout ratio (DPR) is currently 6.44%.

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About McKesson

McKesson Corporation is a healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology company. The Company provides medicines, medical products and healthcare services by partnering with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare.

Analyst Recommendations for McKesson (NYSE:MCK)

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