At the time of writing, Mckesson Corporation [MCK] stock is trading at $525.92, down -0.46%. An important factor to consider is whether the stock is rising or falling in short-term value. The MCK shares have lost -0.77% over the last week, with a monthly amount drifted -0.72%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Mckesson Corporation [NYSE: MCK] stock has seen the most recent analyst activity on February 26, 2024, when Leerink Partners initiated its Outperform rating and assigned the stock a price target of $600. Previously, Barclays started tracking the stock with Overweight rating on January 03, 2024, and set its price target to $537. On December 14, 2023, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $502 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $420 on March 31, 2023. Argus downgraded its rating to Hold for this stock on July 06, 2022. In a note dated June 07, 2022, Deutsche Bank upgraded an Buy rating on this stock and boosted its target price from $343 to $378.
For the past year, the stock price of Mckesson Corporation fluctuated between $352.34 and $543.00. Currently, Wall Street analysts expect the stock to reach $432.86 within the next 12 months. Mckesson Corporation [NYSE: MCK] shares were valued at $525.92 at the most recent close of the market. An investor can expect a potential drop of -17.69% based on the average MCK price forecast.
Analyzing the MCK fundamentals
According to Mckesson Corporation [NYSE:MCK], the company’s sales were 301.51B for trailing twelve months, which represents an 14.77% jump. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -1.63 and Total Capital is 0.25. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-3.71.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 522.79 points at the first support level, and at 519.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 530.52, and for the 2nd resistance point, it is at 535.13.
Ratios To Look Out For
It is important to note that Mckesson Corporation [NYSE:MCK] has a current ratio of 0.92. On the other hand, the Quick Ratio is 0.50, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 0.23 and price to earnings (TTM) ratio is 23.84.
Transactions by insiders
Recent insider trading involved TYLER BRIAN S., Chief Executive Officer, that happened on Mar 15 ’24 when 3473.0 shares were sold. SVP, Controller & CAO, Rutledge Napoleon B JR completed a deal on Mar 04 ’24 to sell 190.0 shares. Meanwhile, EVP & Chief HR Officer Smith LeAnn B sold 186.0 shares on Feb 13 ’24.
