The stock price of Mckesson Corporation (NYSE: MCK) has dropped by -0.14 compared to previous close of 545.75. Despite this, the company has seen a gain of 2.61% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that The headline numbers for McKesson (MCK) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in Mckesson Corporation (NYSE: MCK) Right Now?
Mckesson Corporation (NYSE: MCK) has a price-to-earnings ratio that is above its average at 24.35x. The stock has a 36-month beta value of 0.46. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for MCK is 131.32M, and at present, short sellers hold a 1.05% of that float. On May 08, 2024, the average trading volume of MCK was 693.59K shares.
MCK’s Market Performance
MCK stock saw an increase of 2.61% in the past week, with a monthly gain of 3.36% and a quarterly increase of 5.42%. The volatility ratio for the week is 1.99%, and the volatility levels for the last 30 days are 1.74% for Mckesson Corporation (MCK). The simple moving average for the last 20 days is 2.66% for MCK’s stock, with a simple moving average of 15.05% for the last 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 2.66% 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 -0.30% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 1.99%, as shares surge +3.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.38% upper at present.
During the last 5 trading sessions, MCK rose by +2.98%, which changed the moving average for the period of 200-days by +32.37% in comparison to the 20-day moving average, which settled at $531.73. In addition, Mckesson Corporation saw 17.71% 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 0.26.
Based on Mckesson Corporation (MCK), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is 42.49.
Currently, EBITDA for the company is 3.91 billion with net debt to EBITDA at 0.64. When we switch over and look at the enterprise to sales, we see a ratio of 0.24. The receivables turnover for the company is 14.29for trailing twelve months and the total asset turnover is 4.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
To sum up, Mckesson Corporation (MCK) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
