At the time of writing, Mckesson Corporation [MCK] stock is trading at $613.00, up 0.90%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MCK shares have gain 16.46% over the last week, with a monthly amount glided 21.09%, and 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 November 07, 2024, when Robert W. Baird upgraded its rating to a Outperform and also boosted its price target to $688 from $531. Previously, Robert W. Baird downgraded its rating to Neutral on September 24, 2024, and dropped its price target to $531. On September 05, 2024, Leerink Partners reiterated its Outperform rating and revised its price target to $665 on the stock. Mizuho reiterated its Neutral rating and increased its price target to $570 on August 08, 2024. Leerink Partners initiated its recommendation with a Outperform and recommended $600 as its price target on February 26, 2024. Barclays started tracking with a Overweight rating for this stock on January 03, 2024, and assigned it a price target of $537. In a note dated December 14, 2023, Wells Fargo initiated an Equal Weight rating and provided a target price of $502 on this stock.
For the past year, the stock price of Mckesson Corporation fluctuated between $431.35 and $637.51. Currently, Wall Street analysts expect the stock to reach $522.64 within the next 12 months. Mckesson Corporation [NYSE: MCK] shares were valued at $613.00 at the most recent close of the market. An investor can expect a potential drop of -14.74% based on the average MCK price forecast.
Analyzing the MCK fundamentals
According to Mckesson Corporation [NYSE:MCK], the company’s sales were 330.19B for trailing twelve months, which represents an 21.29% 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 -144.52 and Total Capital is 0.27. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.27.
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 597.99 points at the first support level, and at 582.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 623.30, and for the 2nd resistance point, it is at 633.59.
Ratios To Look Out For
It is important to note that Mckesson Corporation [NYSE:MCK] has a current ratio of 0.91. Further, the Quick Ratio stands at 0.50, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 0.24 and price to earnings (TTM) ratio is 31.77.
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.