Currently, there are 130.00M common shares owned by the public and among those 129.59M shares have been available to trade.
However, the script later moved the day high at 604.15, up 0.92%. The company’s stock has a 5-day price change of 1.97% and 12.84% over the past three months. MCK shares are trading 30.23% year to date (YTD), with the 12-month market performance up to 48.43% higher. It has a 12-month low price of $395.30 and touched a high of $598.75 over the same period. MCK has an average intraday trading volume of 646.24K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.07%, 9.26%, and 21.97% respectively.
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Institutional ownership of Mckesson Corporation (NYSE: MCK) shares accounts for 87.93% of the company’s 130.00M shares outstanding.
It has a market capitalization of $78.21B and a beta (3y monthly) value of 0.45. The stock’s trailing 12-month PE ratio is 26.95, while the earnings-per-share (ttm) stands at $22.37. The company has a PEG of 2.29 and a Quick Ratio of 0.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.82% over the week and 1.61% over the month.
Earnings per share for the fiscal year are expected to increase by 15.30%, and 13.06% over the next financial year. EPS should shrink at an annualized rate of 11.76% over the next five years, compared to 164.60% over the past 5-year period.
Looking at the support for the MCK, a number of firms have released research notes about the stock. Leerink Partners stated their Outperform rating for the stock in a research note on February 26, 2024, with the firm’s price target at $600. Barclays coverage for the Mckesson Corporation (MCK) stock in a research note released on January 03, 2024 offered a Overweight rating with a price target of $537. Wells Fargo was of a view on December 14, 2023 that the stock is Equal Weight, while Citigroup gave the stock Buy rating on March 31, 2023, issuing a price target of $420. Morgan Stanley on their part issued Overweight rating on August 22, 2022.
