Stock To Watch: McKesson Corporation (NYSE:MCK)


The leading market experts have placed a mean price target of $206.79 on McKesson Corporation (NYSE:MCK) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $3.44 a share for the upcoming quarter and $13.64 for the current fiscal. Technical View The technical analysis of McKesson Corporation Common Sto plainly substantiates that the 50-day moving average of McKesson Corporation Common Sto is $190.03, and stock is hovering 5.98 or +3.15% distant from $190.03. It is noted that the 200-day MA is $172.57, and McKesson Corporation Common Sto stock is $23.44 or +13.58% off from this point. McKesson Corporation (NYSE:MCK) 52-week high is $219.00 and the 52-week low is $148.29. This explains if the stock moves $-22.99, it will post a 52-week high. In event of $+32.18% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of McKesson Corporation Common Sto, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, McKesson Corporation (NYSE:MCK) ratio came in at 20.35. The stock last ended the trading session at $196.01 and registered a market cap of $44.24B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. McKesson Corporation (NYSE:MCK) PEG ratio is at 1.47.

1 Chart Pattern Every Investor Should Know

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