Mckesson Corporation (NYSE: MCK) has a price-to-earnings ratio of 24.95x that is above its average ratio. Additionally, the 36-month beta value for MCK is 0.46. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 rating it as “hold,” and 1 rating it as “sell.”
The public float for MCK is 129.91M and currently, short sellers hold a 1.58% ratio of that float. The average trading volume of MCK on May 24, 2024 was 676.55K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
MCK) stock’s latest price update
Mckesson Corporation (NYSE: MCK)’s stock price has increased by 0.12 compared to its previous closing price of 557.38. However, the company has seen a 0.41% increase in its stock price over the last five trading sessions. zacks.com reported 2024-05-21 that Investors are optimistic about McKesson’s (MCK) strength in its Biologics business.
MCK’s Market Performance
Mckesson Corporation (MCK) has experienced a 0.41% rise in stock performance for the past week, with a 4.22% rise in the past month, and a 8.10% rise in the past quarter. The volatility ratio for the week is 1.66%, and the volatility levels for the past 30 days are at 1.79% for MCK. The simple moving average for the past 20 days is 2.05% for MCK’s stock, with a 15.88% 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 3.88% 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 -1.44% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 1.66%, as shares surge +3.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.27% upper at present.
During the last 5 trading sessions, MCK rose by +0.41%, which changed the moving average for the period of 200-days by +30.46% in comparison to the 20-day moving average, which settled at $547.72. In addition, Mckesson Corporation saw 20.53% 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 SALKA SUSAN R, who sale 1 shares at the price of $554.61 back on May 13 ’24. After this action, SALKA SUSAN R now owns 0 shares of Mckesson Corporation, valued at $541 using the latest closing price.
SALKA SUSAN R, the Director of Mckesson Corporation, sale 606 shares at $558.04 during a trade that took place back on May 10 ’24, which means that SALKA SUSAN R is holding 0 shares at $338,171 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 0.27.
Based on Mckesson Corporation (MCK), the company’s capital structure generated 1.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.75. The debt to equity ratio resting at -2.92. The interest coverage ratio of the stock is 16.13.
Currently, EBITDA for the company is 4.56 billion with net debt to EBITDA at 0.59. 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
In conclusion, Mckesson Corporation (MCK) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
