Mckesson Corporation [MCK] stock prices are down -0.13% to $505.59 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MCK shares have gain 4.16% over the last week, with a monthly amount drifted -1.09%, 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 September 24, 2024, when Robert W. Baird downgraded its rating to a Neutral and also revised its price target to $531 from $603. Previously, Leerink Partners reaffirmed its Outperform rating on September 05, 2024, and dropped its price target to $665. On August 08, 2024, Mizuho reiterated its Neutral rating and revised its price target to $570 on the stock. Leerink Partners started tracking the stock assigning a Outperform rating and suggested a price target of $600 on February 26, 2024. Barclays initiated its recommendation with a Overweight and recommended $537 as its price target on January 03, 2024. Wells Fargo started tracking with a Equal Weight rating for this stock on December 14, 2023, and assigned it a price target of $502. In a note dated March 31, 2023, Citigroup initiated an Buy rating and provided a target price of $420 on this stock.
The stock price of Mckesson Corporation [MCK] has been fluctuating between $431.35 and $637.51 over the past year. Currently, Wall Street analysts expect the stock to reach $508.36 within the next 12 months. Mckesson Corporation [NYSE: MCK] shares were valued at $505.59 at the most recent close of the market. An investor can expect a potential return of 0.55% based on the average MCK price forecast.
Analyzing the MCK fundamentals
The Mckesson Corporation [NYSE:MCK] reported sales of 313.75B for trailing twelve months, representing a surge 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 503.80 points at the first support level, and at 502.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 509.06, and for the 2nd resistance point, it is at 512.52.
Ratios To Look Out For
It’s worth pointing out that Mckesson Corporation [NYSE:MCK]’s Current Ratio is 0.93. As well, the Quick Ratio is 0.47, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 0.21 and price to earnings (TTM) ratio is 22.62.
Transactions by insiders
Recent insider trading involved TYLER BRIAN S., Chief Executive Officer, that happened on Sep 05 ’24 when 3753.0 shares were sold. Officer, TYLER BRIAN S. completed a deal on Sep 05 ’24 to buy 3753.0 shares. Meanwhile, Chief Executive Officer TYLER BRIAN S. sold 3753.0 shares on Aug 05 ’24.
