Mckesson Corporation (NYSE: MCK)’s stock price has dropped by -0.73 in relation to previous closing price of 611.99. Nevertheless, the company has seen a loss of -3.01% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-04 that McKesson Corporation (NYSE:MCK ) Annual Evercore ISI HealthCONx Healthcare Conference December 4, 2024 8:20 AM ET Company Participants Britt Vitalone – Executive Vice President and Chief Financial Officer Conference Call Participants Elizabeth Anderson – Evercore ISI Elizabeth Anderson Thank you for joining us this morning. Appreciate you coming by.
Is It Worth Investing in Mckesson Corporation (NYSE: MCK) Right Now?
Mckesson Corporation (NYSE: MCK) has a higher price-to-earnings ratio of 31.49x compared to its average ratio, The 36-month beta value for MCK is at 0.50. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for MCK is 126.80M, and currently, shorts hold a 1.65% of that float. The average trading volume for MCK on December 06, 2024 was 1.02M shares.
MCK’s Market Performance
MCK stock saw an increase of -3.01% in the past week, with a monthly gain of 15.66% and a quarterly increase of 20.50%. The volatility ratio for the week is 1.46%, and the volatility levels for the last 30 days are 2.21% for Mckesson Corporation (MCK). The simple moving average for the last 20 days is -1.65% for MCK’s stock, with a simple moving average of 10.01% for the last 200 days.
Analysts’ Opinion of MCK
Many brokerage firms have already submitted their reports for MCK stocks, with Mizuho repeating the rating for MCK by listing it as a “Neutral.” The predicted price for MCK in the upcoming period, according to Mizuho is $630 based on the research report published on December 04, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see MCK reach a price target of $688, previously predicting the price at $531. The rating they have provided for MCK stocks is “Outperform” according to the report published on November 07th, 2024.
Robert W. Baird gave a rating of “Neutral” to MCK, setting the target price at $531 in the report published on September 24th of the current year.
MCK Trading at 10.55% 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 -4.70% of loss for the given period.
Volatility was left at 2.21%, however, over the last 30 days, the volatility rate increased by 1.46%, as shares surge +10.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.79% upper at present.
During the last 5 trading sessions, MCK fell by -3.01%, which changed the moving average for the period of 200-days by +19.73% in comparison to the 20-day moving average, which settled at $617.70. In addition, Mckesson Corporation saw 31.22% 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 0.27.
Based on Mckesson Corporation (MCK), the company’s capital structure generated 2.11 points at debt to capital in total, while cash flow to debt ratio is standing at 0.89. The debt to equity ratio resting at -1.9. The interest coverage ratio of the stock is 12.3.
Currently, EBITDA for the company is 4.67 billion with net debt to EBITDA at 0.98. 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 4.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
Conclusion
In conclusion, Mckesson Corporation (MCK) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
