Mckesson Stock Today

MCK
 Stock
  

USD 339.87  2.13  0.62%   

Market Performance
5 of 100
Odds Of Distress
Less than 1
Mckesson Corp is trading at 339.87 as of the 30th of September 2022. This is a -0.62% down since the beginning of the trading day. The stock's last reported lowest price was 339.5. Mckesson Corp has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Mckesson Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of August 2022 and ending today, the 30th of September 2022. Click here to learn more.
McKesson Corporation provides healthcare services in the United States and internationally. McKesson Corporation was founded in 1833 and is headquartered in Irving, Texas. Mckesson Corp operates under Medical Distribution classification in the United States and is traded on New York Stock Exchange. The company has 152.68 M outstanding shares of which 2.5 M shares are now shorted by investors with about 2.03 days to cover. More on Mckesson Corp

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Mckesson Corp Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Mckesson Corp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Mckesson Corp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Mckesson Corp is unlikely to experience financial distress in the next 2 years
The company has 7.62 B in debt with debt to equity (D/E) ratio of 6.61, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Mckesson Corp has a current ratio of 0.93, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Mckesson Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Mckesson Corp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Mckesson Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mckesson to invest in growth at high rates of return. When we think about Mckesson Corp's use of debt, we should always consider it together with cash and equity.
Over 93.0% of Mckesson Corp shares are owned by institutional investors
Latest headline from www.nasdaq.com: Zacks.com featured highlights include Hyatt Hotels, McKesson and Carlsberg - Nasdaq
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Average Analyst Recommendation
Analysts covering Mckesson Corp report their recommendations after researching Mckesson Corp's financial statements, talking to executives and customers, or listening in on Mckesson Corp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Mckesson Corp. The Mckesson consensus assessment is calculated by taking the average forecast from all of the analysts covering Mckesson Corp.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Mckesson Corp's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyFairly Valued
Mckesson Corp (MCK) is traded on New York Stock Exchange in USA and employs 58,000 people. The company currently falls under 'Large-Cap' category with total capitalization of 52.35 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Mckesson Corp's market, we take the total number of its shares issued and multiply it by Mckesson Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Mckesson Corp runs under Healthcare sector within Medical Distribution industry. The entity has 152.68 M outstanding shares of which 2.5 M shares are now shorted by investors with about 2.03 days to cover. Mckesson Corp has about 3.53 B in cash with 4.43 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 24.3.
Check Mckesson Corp Probability Of Bankruptcy
Ownership
Mckesson Corp maintains a total of one hundred fifty-two million six hundred eighty thousand outstanding shares. The majority of Mckesson Corp outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Mckesson Corp to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Mckesson Corp. Please pay attention to any change in the institutional holdings of Mckesson Corp as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

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Mckesson Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of Mckesson Corp jumping above the current price in 90 days from now is about 66.29%. The Mckesson Corp probability density function shows the probability of Mckesson Corp stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Mckesson Corp has a beta of 0.6398. This indicates as returns on the market go up, Mckesson Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Mckesson Corp will be expected to be much smaller as well. Additionally, the company has an alpha of 0.1304, implying that it can generate a 0.13 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 339.87HorizonTargetOdds Above 339.87
33.48%90 days
 339.87 
66.29%
Based on a normal probability distribution, the odds of Mckesson Corp to move above the current price in 90 days from now is about 66.29 (This Mckesson Corp probability density function shows the probability of Mckesson Stock to fall within a particular range of prices over 90 days) .

Mckesson Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Mckesson Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Mckesson Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Mckesson Corp's value.
InstituionSecurity TypeTotal SharesValue
Vanguard Group IncCommon Shares15.2 MB
Blackrock IncCommon Shares11.4 M3.7 B
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Mckesson Corp Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Mckesson Corp market risk premium is the additional return an investor will receive from holding Mckesson Corp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Mckesson Corp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Mckesson Corp's alpha and beta are two of the key measurements used to evaluate Mckesson Corp's performance over the market, the standard measures of volatility play an important role as well.

Mckesson Stock Against Markets

Picking the right benchmark for Mckesson Corp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Mckesson Corp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Mckesson Corp is critical whether you are bullish or bearish towards Mckesson Corp at a given time.

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Our tools can tell you how much better you can do entering a position in Mckesson Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Mckesson Corp Corporate Directors

Mckesson Corp corporate directors refer to members of a Mckesson Corp board of directors. The board of directors generally takes responsibility for the Mckesson Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Mckesson Corp's board members must vote for the resolution. The Mckesson Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Andrew Bryant - Independent DirectorProfile
Bradley Lerman - Independent DirectorProfile
Kenneth Washington - Independent DirectorProfile
Anthony Coles - Independent DirectorProfile

Invested in Mckesson Corp?

The danger of trading Mckesson Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mckesson Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mckesson Corp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mckesson Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, see Correlation Analysis. Note that the Mckesson Corp information on this page should be used as a complementary analysis to other Mckesson Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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Is Mckesson Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mckesson Corp. If investors know Mckesson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mckesson Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Mckesson Corp is measured differently than its book value, which is the value of Mckesson that is recorded on the company's balance sheet. Investors also form their own opinion of Mckesson Corp's value that differs from its market value or its book value, called intrinsic value, which is Mckesson Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mckesson Corp's market value can be influenced by many factors that don't directly affect Mckesson Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mckesson Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Mckesson Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mckesson Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.