Why McKesson Corporation (NYSE:MCK) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $197.20 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 $13.61 for the next fiscal and $N/A for underway quarter. Valuation Estimates 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 19.89. 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 1.44. Technical Analysis The technical analysis highlights that McKesson Corporation Common Sto current price is trading $9.92 points away +5.42% from $183.12, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $171.03 and, for now, the stock price is trading $22.01 or +12.87% away from that point. The 52-week high of McKesson Corporation (NYSE:MCK) was $236.86 while lowest point recorded in 52-week was $148.29. It implies if stock price makes a movement of over $-43.82, it will record a new 52-week high. In the case of $+30.18% points drop, it will touch a new 52-week low.

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