Mckesson Corporation [NYSE: MCK] price plunged by -9.90 percent to reach at -$56.53.
The one-year MCK stock forecast points to a potential upside of 18.04. The average equity rating for MCK stock is currently 1.56, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Mckesson Corporation [MCK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MCK shares is $628.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MCK stock is a recommendation set at 1.56. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Leerink Partners have made an estimate for Mckesson Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on Sep-06-24. While these analysts kept the previous recommendation, Mizuho raised their target price from $540 to $570. The new note on the price target was released on August 08, 2024, representing the official price target for Mckesson Corporation stock. Previously, the target price had yet another raise to $600, while Leerink Partners analysts kept a Outperform rating on MCK stock.
The Average True Range (ATR) for Mckesson Corporation is set at 15.34, with the Price to Sales ratio for MCK stock in the period of the last 12 months amounting to 0.21. Price to Free Cash Flow for MCK in the course of the last twelve months was 18.93 with Quick ratio for the last quarter at 0.47.
MCK Stock Performance Analysis:
Mckesson Corporation [MCK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.54. With this latest performance, MCK shares dropped by -16.21% in over the last four-week period, additionally sinking by -1.96% over the last 6 months – not to mention a rise of 26.43% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MCK stock in for the last two-week period is set at 30.79, with the RSI for the last a single of trading hit 26.70, and the three-weeks RSI is set at 33.93 for Mckesson Corporation [MCK]. The present Moving Average for the last 50 days of trading for this stock 577.34, while it was recorded at 555.44 for the last single week of trading, and 531.83 for the last 200 days.
Insight into Mckesson Corporation Fundamentals:
Mckesson Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.47 and a Current Ratio set at 0.93.
MCK Stock EPS
With the latest financial reports released by the company, Mckesson Corporation posted 6.23/share EPS, while the average EPS was predicted by analysts to be reported at 6.15/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.08. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MCK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Mckesson Corporation go to 13.98%.
Mckesson Corporation [MCK] Institutonal Ownership Details
There are presently around $88.61%, or 88.70%% of MCK stock, in the hands of institutional investors. The top three institutional holders of MCK stocks are: VANGUARD GROUP INC with ownership of 11.98 million shares, which is approximately 8.9938%. BLACKROCK INC., holding 11.47 million shares of the stock with an approximate value of $$6.7 billion in MCK stocks shares; and BLACKROCK INC., currently with $$3.48 billion in MCK stock with ownership which is approximately 4.4647%.
