McKesson Corporation (MCK) Receiving Somewhat Positive Media Coverage, Study Shows
Media stories about McKesson Corporation (NYSE:MCK) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. McKesson Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.3171017137422 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- McKesson Gains From Distribution Business Amid Pricing Woes – Nasdaq (nasdaq.com)
- McKesson Corporation (MCK) Expected to Post Earnings of $2.95 Per Share (americanbankingnews.com)
- Earnings Visibility Metrics Restrict McKesson (MCK) Ratings Upgrade to Hold (investorplace.com)
- McKesson Corporation, (NYSE: MCK), Simon Property Group, Inc., (NYSE: SPG), Radian Group Inc., (NYSE: RDN … – Stocks In The News (press release) (tradingnewsnow.com)
- Spellbinding Stocks: Brixmor Property Group Inc., (NYSE: BRX), McKesson Corporation, (NYSE: MCK), United … – Stocks In The News (press release) (tradingnewsnow.com)
A number of analysts have recently commented on the company. Credit Suisse Group restated an “underperform” rating and issued a $130.00 price target (down from $155.00) on shares of McKesson Corporation in a report on Thursday, November 9th. Needham & Company LLC restated a “buy” rating and issued a $173.00 price target (down from $178.00) on shares of McKesson Corporation in a report on Wednesday, November 1st. ValuEngine upgraded McKesson Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Royal Bank Of Canada restated a “hold” rating and issued a $170.00 price target on shares of McKesson Corporation in a report on Friday, October 27th. Finally, Mizuho set a $168.00 price target on McKesson Corporation and gave the company a “hold” rating in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. McKesson Corporation currently has a consensus rating of “Hold” and a consensus price target of $174.27.
Shares of McKesson Corporation (NYSE:MCK) traded up $2.93 during midday trading on Thursday, reaching $145.80. The company’s stock had a trading volume of 2,220,600 shares, compared to its average volume of 1,863,769. The firm has a market capitalization of $29,784.75, a P/E ratio of 11.75, a PEG ratio of 1.47 and a beta of 1.21. The company has a current ratio of 1.05, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. McKesson Corporation has a 1 year low of $133.82 and a 1 year high of $169.29.
McKesson Corporation (NYSE:MCK) last announced its quarterly earnings results on Thursday, October 26th. The company reported $3.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.50. The firm had revenue of $52.06 billion for the quarter, compared to the consensus estimate of $51.69 billion. McKesson Corporation had a return on equity of 24.87% and a net margin of 2.24%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.94 earnings per share. equities analysts forecast that McKesson Corporation will post 12.16 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Thursday, November 30th. McKesson Corporation’s dividend payout ratio (DPR) is presently 6.45%.
In other McKesson Corporation news, SVP Erin M. Lampert sold 900 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $155.65, for a total transaction of $140,085.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman John H. Hammergren sold 225,000 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $151.67, for a total value of $34,125,750.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 949,900 shares of company stock worth $145,403,445. Company insiders own 1.20% of the company’s stock.
McKesson Corporation Company Profile
McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The Company operates through two segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally.
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