At the time of writing, Mckesson Corporation [MCK] stock is trading at $570.98, up 1.46%. An important factor to consider is whether the stock is rising or falling in short-term value. The MCK shares have lost -0.99% over the last week, with a monthly amount drifted -7.25%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Robert W. Baird upgraded its rating to Outperform on November 07, 2024, and elevated its price target to $688. On September 24, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $531 on the stock. Leerink Partners reiterated its Outperform rating and decreased its price target to $665 on September 05, 2024. Mizuho reiterated its recommendation of a Neutral and raised its price target to $570 on August 08, 2024. Leerink Partners started tracking with a Outperform rating for this stock on February 26, 2024, and assigned it a price target of $600. In a note dated January 03, 2024, Barclays initiated an Overweight rating and provided a target price of $537 on this stock.
For the past year, the stock price of Mckesson Corporation fluctuated between $441.68 and $637.51. Currently, Wall Street analysts expect the stock to reach $632.13 within the next 12 months. Mckesson Corporation [NYSE: MCK] shares were valued at $570.98 at the most recent close of the market. An investor can expect a potential return of 10.71% 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 0.04, Equity is -1.15 and Total Capital is 0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.9.
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 561.15 points at the first support level, and at 551.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 578.02, and for the 2nd resistance point, it is at 585.06.
Ratios To Look Out For
It is important to note that Mckesson Corporation [NYSE:MCK] has a current ratio of 0.91. 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 0.22 and price to earnings (TTM) ratio is 29.59.
Transactions by insiders
Recent insider trading involved Smith LeAnn B, EVP & Chief HR Officer, that happened on Dec 09 ’24 when 579.0 shares were sold. Officer, Smith LeAnn B completed a deal on Dec 09 ’24 to buy 579.0 shares. Meanwhile, Chief Executive Officer TYLER BRIAN S. sold 3753.0 shares on Sep 05 ’24.
