McKesson Corporation (NYSE:MCK) finished Friday with an addition of $6.07 to close at $440.06, an upside of 1.40 percent. An average of 784,960 shares of common stock have been traded in the last five days. There was a gain of $18.29 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 887,465 shares traded, while the 50-day average volume stands at 784,726.
MCK stock has increased by 7.41% in the last month. The company shares reached their 1-month lowest point of $395.30 on 07/31/23. With the stock rallying to its 52-week high on 08/11/23, shares of the company touched a low of $331.75 and a high of $437.74 in 52 weeks. It has reached a new high 16 times so far this year and achieved 17.31% or $64.94 in price. In spite of this, the price is up 0.53% from the 52-week high.
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Insider Transactions
MCK stock investors should be aware that McKesson Corporation (MCK) stock had its last reported insider trading activity 9 days ago on Aug 03. In this transaction, the insider spent $1,664,199. Chief Executive Officer, TYLER BRIAN S., disposed of 3,938 shares at a price of $419.01 on Jul 06. The insider now owns more than $1,650,061 worth of shares. Prior to that, Chief Executive Officer TYLER BRIAN S. went on to Sale 3,471 shares at $420.00 each on Jun 29. An amount of $1,457,820 was transacted.
Valuation Metrics
McKesson Corporation (MCK) has a trailing price-to-earnings (P/E) ratio of 17.55. The stock’s beta is 0.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.22, and the price-to-cash flow ratio at 12.87.
The company has a payout ratio of 8.00%. The company’s most recent quarterly dividend payment was $0.62 a share, representing a up of 14.81% from $0.54 last year.
Financial Health
The quick ratio of McKesson Corporation for the three months ended June 29 was 0.50, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. McKesson Corporation’s EBITDA margin for the year ending June 29 is 1.92%, while its operating margin for the same period stands at 1.60%. Its gross profit as reported stood at $12.36 billion compared to revenue of $276.71 billion.
Earnings Surprise
For the three-month period that ended June 29, McKesson Corporation had $5.61 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 $958.0 million in the quarter, while revenues were grew 19.83%. The analyst consensus anticipated McKesson Corporation’s latest quarter earnings to come in at $5.87 per share, but it turned out to be $7.27, a 23.90% surprise. For the quarter, EBITDA amounted to $1.26 billion. Shareholders own equity worth $134.9 million.
Technical Picture
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 11 August was 72.50%, suggesting the stock is Overbought, with historical volatility in this time frame at 31.37%.
As of today, MCK’s price is $430.47 +4.34% or $18.29 from its 5-day moving average. MCK is currently trading +7.46% higher than its 20-day SMA and +27.46% higher than its 100-day SMA. However, the stock’s current price level is +12.59% above the SMA50 and +16.08% above the SMA200.
The stochastic %K and %D were 88.99% and 81.12%, respectively, and the average true range (ATR) was 8.70. With the 14-day stochastic at 97.94% and the average true range at 8.31, the RSI (14) stands at 68.31%. The stock has reached 8.87 on the 9-day MACD Oscillator while the 14-day reading was at 16.05.
Analyst Ratings
Citigroup launched coverage on McKesson Corporation (NYSE: MCK) in its analyst report released on March 31, 2023. The firm assigned the stock a Buy rating. 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 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 12 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 $427.00 and $510.00, with a median target of $482.50. Taking a look at these predictions, the average price target given by analysts for McKesson Corporation (MCK) stock is $473.49.
