McKesson Corporation (NYSE: MCK) is -10.60% lower on its value in year-to-date trading and has touched a low of $283.88 and a high of $401.78 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MCK stock was last observed hovering at around $336.50 in the last trading session, with the day’s loss setting it -1.15% off its average median price target of $430.00 for the next 12 months. It is also 25.48% off the consensus price target high of $450.00 offered by 17 analysts, but current levels are 10.81% higher than the price target low of $376.00 for the same period.
Currently trading at $335.35, the stock is -4.45% and -8.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.73 million and changing -0.34% at the moment leaves the stock -5.83% off its SMA200. MCK registered 17.73% gain for a year compared to 6-month gain of -3.60%.
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The stock witnessed a -8.61% loss in the last 1 month and extending the period to 3 months gives it a -11.22%, and is -0.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.05% over the week and 1.80% over the month.
McKesson Corporation (MCK) has around 58000 employees, a market worth around $45.89B and $273.90B in sales. Current P/E ratio is 15.35 and Fwd P/E is 12.68. Profit margin for the company is 1.10%. Distance from 52-week low is 18.13% and -16.53% from its 52-week high. The company has generated returns on investments over the last 12 months (33.60%).
McKesson Corporation (MCK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for McKesson Corporation (MCK) is a “Overweight”. 17 analysts offering their recommendations for the stock have an average rating of 1.90, where 4 rate it as a Hold and 2 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
McKesson Corporation is expected to release its quarterly report on 05/04/2023.The EPS is expected to grow by 125.70% this year
McKesson Corporation (MCK) Top Institutional Holders
The shares outstanding are 139.90M, and float is at 136.82M with Short Float at 1.52%.
McKesson Corporation (MCK) Insider Activity
A total of 29 insider transactions have happened at McKesson Corporation (MCK) in the last six months, with sales accounting for 23 and purchases happening 6 times. The most recent transaction is an insider sale by Avila Nancy, the company’s EVP, CIO & CTO. SEC filings show that Avila Nancy sold 161 shares of the company’s common stock on Feb 03 at a price of $370.02 per share for a total of $59573.0. Following the sale, the insider now owns 4631.0 shares.
McKesson Corporation disclosed in a document filed with the SEC on Feb 02 that TYLER BRIAN S. (Chief Executive Officer) sold a total of 7,416 shares of the company’s common stock. The trade occurred on Feb 02 and was made at $380.00 per share for $2.82 million. Following the transaction, the insider now directly holds 75737.0 shares of the MCK stock.
Still, SEC filings show that on Dec 09, Schechter Lori A. (EVP, Chief Legal Officer & GC) disposed off 2,500 shares at an average price of $379.79 for $0.95 million. The insider now directly holds 4,178 shares of McKesson Corporation (MCK).
McKesson Corporation (MCK): Who are the competitors?
The company’s main competitors (and peers) include Amazon.com Inc. (AMZN) that is trading -32.18% down over the past 12 months and UnitedHealth Group Incorporated (UNH) that is -4.61% lower over the same period. CVS Health Corporation (CVS) is -27.84% down on the 1-year trading charts.
