McKesson Corporation (NYSE:MCK) finished Friday with an addition of $1.9 to close at $209.09, an upside of 0.92 percent. An average of 400,220 shares of common stock have been traded in the last five days. There was a gain of $4.92 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 576,090 shares traded, while the 50-day average volume stands at 715,690.
MCK stock has increased by 3.16% in the last month. The company shares reached their 1-month lowest point of $193.89 on 10/06/21. With the stock rallying to its 52-week high on 08/05/21, shares of the company touched a low of $141.32 and a high of $210.00 in 52 weeks. It has reached a new high 25 times so far this year and achieved 20.22% or $35.17 in price. In spite of this, the price is down -0.43% from the 52-week high.
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40 days have passed since McKesson Corporation (MCK) last reported insider trading activity. Vitalone Britt J., who is EVP & CFO, most recently acquired $22,085 shares at $203.75 per share on Sep 13. In this transaction, the insider spent $4,499,817. EVP, Chief Legal Officer & GC, Schechter Lori A., disposed of 14,419 shares at a price of $203.03 on Aug 03. The insider now owns more than $2,927,490 worth of shares. Prior to that, Chief Executive Officer TYLER BRIAN S. went on to Sale 1,467 shares at $203.84 each on Aug 02. An amount of $299,033 was transacted.
McKesson Corporation (MCK) has a trailing price-to-earnings (P/E) ratio of 25.20 for the broader industry and 33.43 for the sector. In the last five years, McKesson Corporation’s PE ratio has ranged between 2248.83 and 5.786. The stock’s beta is 0.78. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.13, and the price-to-cash flow ratio at 9.93.
McKesson Corporation pays a $1.88 dividend per share annually. It offers a dividend yield of 0.90%. The company’s most recent quarterly dividend payment took place on Oct. 1, and it was $0.47 a share, representing a up of 11.9% from $0.42 last year. Its dividend has been increased for the last 5 consecutive years with the latest increase dividend $0.05 reported on Monday July 26 2021.Dividends have grown by 33.87% each year over the last three years.
The quick ratio of McKesson Corporation for the three months ended June 29 was 0.50, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. McKesson Corporation’s EBITDA margin for the year ending June 29 is 1.99%, while its operating margin for the same period stands at -2.10%. Its gross profit as reported stood at $12.15 billion compared to revenue of $238.23 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, McKesson Corporation’s return on assets was -7.20%. For the broader industry, ROE averaged 1.09 over the past year.
For the three-month period that ended June 29, McKesson Corporation had $6.42 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $486.0 million in the quarter, while revenues were grew 8.64%. The analyst consensus anticipated McKesson Corporation’s latest quarter earnings to come in at $4.15 per share, but it turned out to be $5.56, a 34.00% surprise. For the quarter, EBITDA amounted to $786.0 million. Shareholders own equity worth $154.68 million.
From a technical analysis perspective, let’s take a brief look at McKesson Corporation (MCK) price momentum. RSI 9-day as of the close on 22 October was 68.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.19%.
As of today, MCK’s price is $205.15 +2.41% or $4.92 from its 5-day moving average. MCK is currently trading +2.92% higher than its 20-day SMA and +9.25% higher than its 100-day SMA. However, the stock’s current price level is +5.61% above the SMA50 and +14.24% above the SMA200.
The stochastic %K and %D were 95.63% and 81.33%, respectively, and the average true range (ATR) was 3.65. With the 14-day stochastic at 98.57% and the average true range at 3.76, the RSI (14) stands at 62.80%. The stock has reached 3.86 on the 9-day MACD Oscillator while the 14-day reading was at 5.29.
Argus upgraded McKesson Corporation (NYSE: MCK) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for McKesson Corporation (MCK) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MCK, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.
What is MCK’s price target for the next 12 months?
Analysts predict a range of price targets between $210.00 and $270.00, with a median target of $237.00. Taking a look at these predictions, the average price target given by analysts for McKesson Corporation (MCK) stock is $240.31.