Mckesson Corporation (NYSE: MCK) has a higher price-to-earnings ratio of 21.61x compared to its average ratio. MCK has 36-month beta value of 0.44. 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 129.53M, and currently, short sellers hold a 1.46% ratio of that float. The average trading volume of MCK on September 24, 2024 was 921.88K shares.
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MCK) stock’s latest price update
Mckesson Corporation (NYSE: MCK)’s stock price has plunge by -4.34relation to previous closing price of 505.00. Nevertheless, the company has seen a -6.00% plunge in its stock price over the last five trading sessions. businesswire.com reported 2024-09-23 that IRVING, Texas–(BUSINESS WIRE)–McKesson Corporation (NYSE: MCK) will release its second quarter fiscal 2025 financial results after market close on Wednesday, November 6, 2024. The company will host a live webcast of the earnings conference call for investors at 4:30 PM Eastern Time to review its financial results. The live webcast will be available on McKesson’s Investor Relations website at http://investor.mckesson.com, along with the company’s earnings release, financial tables and slide pr.
MCK’s Market Performance
Mckesson Corporation (MCK) has experienced a -6.00% fall in stock performance for the past week, with a -12.51% drop in the past month, and a -20.08% drop in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are at 2.24% for MCK. The simple moving average for the last 20 days is -8.50% for MCK stock, with a simple moving average of -9.69% for the last 200 days.
Analysts’ Opinion of MCK
Leerink Partners, on the other hand, stated in their research note that they expect to see MCK reach a price target of $665, previously predicting the price at $670. The rating they have provided for MCK stocks is “Outperform” according to the report published on September 05th, 2024.
Mizuho gave a rating of “Neutral” to MCK, setting the target price at $570 in the report published on August 08th of the current year.
MCK Trading at -13.61% 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 -24.23% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares sank -11.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.89% lower at present.
During the last 5 trading sessions, MCK fell by -5.36%, which changed the moving average for the period of 200-days by +6.29% in comparison to the 20-day moving average, which settled at $524.86. In addition, Mckesson Corporation saw 4.34% 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 3,753 shares at the price of $561.10 back on Sep 05 ’24. After this action, TYLER BRIAN S. now owns 78,586 shares of Mckesson Corporation, valued at $2,105,808 using the latest closing price.
TYLER BRIAN S., the Officer of Mckesson Corporation, proposed sale 3,753 shares at $561.10 during a trade that took place back on Sep 05 ’24, which means that TYLER BRIAN S. is holding shares at $2,105,808 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 1.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.67. The debt to equity ratio resting at -3.38. The interest coverage ratio of the stock is 14.38.
Currently, EBITDA for the company is 4.56 billion with net debt to EBITDA at 1.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.22. The receivables turnover for the company is 13.21for trailing twelve months and the total asset turnover is 4.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
