Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $208.31 on McKesson Corporation (NYSE:MCK) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $13.66 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of McKesson Corporation (NYSE:MCK) stands at 20.13.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For McKesson Corporation Common Sto, the PEG ratio for coming 3-5 years is 1.47.
The technical analysis highlights that McKesson Corporation Common Sto current is trading $-1.04 points away or -0.54% from its 50-day moving average of $194.90. Further it is trading $19.08 or +10.92% away its 200-day moving average of $174.77.
The 52-week high of McKesson Corporation (NYSE:MCK) was $208.03 while lowest point recorded in 52-week was $148.29. It implies if stock price makes a movement of over $-14.18, it will record a new 52-week high. In the case of +30.72% drop, it will touch a new 52-week low.
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