Mckesson Corporation [MCK] stock is trading at $560.90, up 0.48%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MCK shares have gain 2.84% over the last week, with a monthly amount drifted -4.93%, 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 August 08, 2024, when Mizuho reiterated its Neutral rating and also boosted its price target to $570 from $540. Previously, Leerink Partners started tracking the stock with Outperform rating on February 26, 2024, and set its price target to $600. On January 03, 2024, Barclays initiated with a Overweight rating and assigned a price target of $537 on the stock. Wells Fargo started tracking the stock assigning a Equal Weight rating and suggested a price target of $502 on December 14, 2023. Citigroup initiated its recommendation with a Buy and recommended $420 as its price target on March 31, 2023. In a note dated July 06, 2022, Argus downgraded an Hold rating on this stock.
Mckesson Corporation [MCK] stock has fluctuated between $404.72 and $637.51 over the past year. Currently, Wall Street analysts expect the stock to reach $477.29 within the next 12 months. Mckesson Corporation [NYSE: MCK] shares were valued at $560.90 at the most recent close of the market. An investor can expect a potential drop of -14.91% based on the average MCK price forecast.
Analyzing the MCK fundamentals
Mckesson Corporation [NYSE:MCK] reported sales of 313.75B for the trailing twelve months, which represents a growth of 6.44%. 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 0.04, Equity is -1.56 and Total Capital is 0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-3.38.
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 556.25 points at the first support level, and at 551.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 565.26, and for the 2nd resistance point, it is at 569.63.
Ratios To Look Out For
For context, Mckesson Corporation’s Current Ratio is 0.93. Also, the Quick Ratio is 0.47, while the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 0.23 and price to earnings (TTM) ratio is 25.09.
Transactions by insiders
Recent insider trading involved TYLER BRIAN S., Chief Executive Officer, that happened on Aug 05 ’24 when 3753.0 shares were sold. Officer, TYLER BRIAN S. completed a deal on Aug 05 ’24 to buy 3753.0 shares. Meanwhile, Chief Executive Officer TYLER BRIAN S. sold 3753.0 shares on Jul 03 ’24.
