Mckesson Corporation (MCK) concluded trading on Thursday at a closing price of $514.75, with 3.0 million shares of worth about $1.54 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.96% during that period and on September 05, 2024 the price saw a loss of about -9.90%. Currently the company’s common shares owned by public are about 130.00M shares, out of which, 129.53M shares are available for trading.
Stock saw a price change of -7.54% in past 5 days and over the past one month there was a price change of -16.21%. Year-to-date (YTD), MCK shares are showing a performance of 11.18% which increased to 26.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $404.72 but also hit the highest price of $637.51 during that period. The average intraday trading volume for Mckesson Corporation shares is 774.64K. The stock is currently trading -7.59% below its 20-day simple moving average (SMA20), while that difference is down -11.12% for SMA50 and it goes to -3.15% lower than SMA200.
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Mckesson Corporation (NYSE: MCK) currently have 130.00M outstanding shares and institutions hold larger chunk of about 89.28% of that.
The stock has a current market capitalization of $66.75B and its 3Y-monthly beta is at 0.44. PE ratio of stock for trailing 12 months is 23.03, while it has posted earnings per share of $22.36 in the same period. Its PEG reads 1.65 and has Quick Ratio of 0.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MCK, volatility over the week remained 3.61% while standing at 2.51% over the month.
Stock’s fiscal year EPS is expected to rise by 17.31% while it is estimated to increase by 11.27% in next year. EPS is likely to shrink at an annualized rate of 13.98% for next 5-years, compared to annual growth of 164.60% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Leerink Partners on September 05, 2024 offering an Outperform rating for the stock and assigned a target price range of between $670 and $665 to it. Coverage by Mizuho stated Mckesson Corporation (MCK) stock as a Neutral in their note to investors on August 08, 2024, suggesting a price target of $570 for the stock. On February 26, 2024, Leerink Partners Initiated their recommendations, while on January 03, 2024, Barclays Initiated their ratings for the stock with a price target of $537. Stock get an Equal weight rating from Wells Fargo on December 14, 2023.
