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After finishing at $586.82 in the prior trading day, Mckesson Corporation (NYSE: MCK) closed at $575.23, down -1.98%. In other words, the price has decreased by -$1.98 from its previous closing price. On the day, 1.19 million shares were traded. MCK stock price reached its highest trading level at $586.41 during the session, while it also had its lowest trading level at $571.01.
Ratios:
Our goal is to gain a better understanding of MCK by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.22. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 0.92.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Leerink Partners on February 26, 2024, initiated with a Outperform rating and assigned the stock a target price of $600.
On January 03, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $537.
On December 14, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $502.Wells Fargo initiated its Equal Weight rating on December 14, 2023, with a $502 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 03 ’24 when TYLER BRIAN S. sold 3,753 shares for $580.92 per share. The transaction valued at 2,180,193 led to the insider holds 86,092 shares of the business.
Smith LeAnn B sold 600 shares of MCK for $351,318 on Jun 11 ’24. The EVP & Chief HR Officer now owns 2,022 shares after completing the transaction at $585.53 per share. On Jun 07 ’24, another insider, Martinez Maria, who serves as the Director of the company, sold 483 shares for $585.88 each. As a result, the insider received 282,979 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MCK now has a Market Capitalization of 74613653504 and an Enterprise Value of 77986570240. As of this moment, Mckesson’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.72, and their Forward P/E ratio for the next fiscal year is 16.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24. Its current Enterprise Value per Revenue stands at 0.252 whereas that against EBITDA is 15.271.
Stock Price History:
The Beta on a monthly basis for MCK is 0.45, which has changed by 0.40471303 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. Over the past 52 weeks, MCK has reached a high of $612.17, while it has fallen to a 52-week low of $395.30. The 50-Day Moving Average of the stock is 0.71%, while the 200-Day Moving Average is calculated to be 13.41%.
Shares Statistics:
The stock has traded on average 691.06K shares per day over the past 3-months and 668940 shares per day over the last 10 days, according to various share statistics. A total of 130.00M shares are outstanding, with a floating share count of 129.57M. Insiders hold about 0.11% of the company’s shares, while institutions hold 87.96% stake in the company. Shares short for MCK as of 1718323200 were 2066772 with a Short Ratio of 2.68, compared to 1715731200 on 2286982. Therefore, it implies a Short% of Shares Outstanding of 2066772 and a Short% of Float of 1.6.
Dividends & Splits
In the trailing 12 months, MCK’s forward annual dividend rate was 2.4, compared to 2.48 this year. Against a Trailing Annual Dividend Yield of 0.00408984The stock’s 5-year Average Dividend Yield is 0.77. The current Payout Ratio is 10.72% for MCK, which recently paid a dividend on 2024-06-03 with an ex-dividend date of 1717372800. Stock splits for the company last occurred on 1998-01-05 when the company split stock in a 2:1 ratio.
