McKesson Co. (MCK) Receives $177.50 Consensus Price Target from Brokerages
McKesson Co. (NYSE:MCK) has been given a consensus rating of “Hold” by the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $178.34.
A number of equities analysts have recently issued reports on MCK shares. Needham & Company LLC reiterated a “buy” rating and set a $173.00 price objective (down from $178.00) on shares of McKesson in a research note on Wednesday, November 1st. ValuEngine downgraded shares of McKesson from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Evercore ISI assumed coverage on shares of McKesson in a research note on Thursday, January 4th. They issued an “outperform” rating and a $179.00 target price for the company. Zacks Investment Research upgraded shares of McKesson from a “hold” rating to a “buy” rating and set a $177.00 target price for the company in a research note on Tuesday, December 26th. Finally, Deutsche Bank assumed coverage on shares of McKesson in a research note on Monday, December 4th. They issued a “buy” rating and a $175.00 target price for the company.
McKesson (NYSE:MCK) traded up $1.82 during midday trading on Wednesday, hitting $150.50. 1,720,000 shares of the stock were exchanged, compared to its average volume of 1,920,000. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.63. McKesson has a 1 year low of $133.82 and a 1 year high of $178.86. The company has a market capitalization of $31,380.00, a P/E ratio of 7.24, a PEG ratio of 1.35 and a beta of 1.22.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 1st will be issued a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.90%. McKesson’s dividend payout ratio is currently 6.54%.
In other McKesson news, Chairman John H. Hammergren sold 65,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $160.00, for a total value of $10,400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of MCK. Icon Wealth Partners LLC purchased a new position in shares of McKesson in the fourth quarter worth $111,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in shares of McKesson by 176.6% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 769 shares of the company’s stock worth $130,000 after buying an additional 491 shares during the last quarter. WFG Advisors LP raised its holdings in shares of McKesson by 5.0% in the second quarter. WFG Advisors LP now owns 859 shares of the company’s stock worth $141,000 after buying an additional 41 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of McKesson in the third quarter worth $155,000. Finally, Virtue Capital Management LLC purchased a new position in shares of McKesson in the fourth quarter worth $180,000. 86.63% of the stock is owned by institutional investors and hedge funds.
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McKesson Company Profile
McKesson Corporation is a healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology company. The Company provides medicines, medical products and healthcare services by partnering with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare.
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