Mckesson Corporation (NYSE: MCK) has a higher price-to-earnings ratio of 24.07x compared to its average ratio. MCK has 36-month beta value of 0.45. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for MCK is 131.33M, and currently, short sellers hold a 1.05% ratio of that float. The average trading volume of MCK on May 02, 2024 was 699.42K shares.
MCK) stock’s latest price update
The stock price of Mckesson Corporation (NYSE: MCK) has plunged by -1.14 when compared to previous closing price of 537.21, but the company has seen a -0.81% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-30 that McKesson (MCK) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MCK’s Market Performance
MCK’s stock has fallen by -0.81% in the past week, with a monthly drop of -0.41% and a quarterly rise of 6.24%. The volatility ratio for the week is 1.80% while the volatility levels for the last 30 days are 1.70% for Mckesson Corporation The simple moving average for the past 20 days is 0.01% for MCK’s stock, with a 12.84% simple moving average for the past 200 days.
Analysts’ Opinion of MCK
Many brokerage firms have already submitted their reports for MCK stocks, with Leerink Partners repeating the rating for MCK by listing it as a “Outperform.” The predicted price for MCK in the upcoming period, according to Leerink Partners is $600 based on the research report published on February 26, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see MCK reach a price target of $537. The rating they have provided for MCK stocks is “Overweight” according to the report published on January 03rd, 2024.
Wells Fargo gave a rating of “Equal Weight” to MCK, setting the target price at $502 in the report published on December 14th of the previous year.
MCK Trading at 0.46% from the 50-Day Moving Average
After a stumble in the market that brought MCK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.52% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares sank -1.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.81% upper at present.
During the last 5 trading sessions, MCK fell by -0.81%, which changed the moving average for the period of 200-days by +29.01% in comparison to the 20-day moving average, which settled at $530.62. In addition, Mckesson Corporation saw 14.71% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MCK starting from TYLER BRIAN S., who sale 3,473 shares at the price of $524.55 back on Mar 15 ’24. After this action, TYLER BRIAN S. now owns 43,445 shares of Mckesson Corporation, valued at $1,821,762 using the latest closing price.
Rutledge Napoleon B JR, the SVP, Controller & CAO of Mckesson Corporation, sale 190 shares at $529.99 during a trade that took place back on Mar 04 ’24, which means that Rutledge Napoleon B JR is holding 887 shares at $100,698 based on the most recent closing price.
Stock Fundamentals for MCK
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.04 for the gross margin
The net margin for Mckesson Corporation stands at 0.01. The total capital return value is set at 0.25.
Based on Mckesson Corporation (MCK), the company’s capital structure generated 1.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at -3.71. The interest coverage ratio of the stock is 14.63.
Currently, EBITDA for the company is 5.69 billion with net debt to EBITDA at 1.25. When we switch over and look at the enterprise to sales, we see a ratio of 0.25. The receivables turnover for the company is 13.07for trailing twelve months and the total asset turnover is 4.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
To put it simply, Mckesson Corporation (MCK) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
