UBS analyst Kevin Caliendo has reiterated his positive outlook on McKesson (NYSE:MCK) by maintaining a Buy rating and increasing the price target to $620, up from $575. This adjustment reflects his confidence in the company’s performance moving forward.
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Other analysts have also weighed in on McKesson, offering a range of price targets. The average price target sits at $556.92, with the highest forecast at $600.00. Overall, analysts are generally optimistic about McKesson, with a consensus of a Strong Buy rating based on 10 buy ratings and 2 hold ratings.
McKesson Corporation (MCK) Stock Price Dips Slightly on March 6, 2024: Potential for Further Growth Ahead
On March 6, 2024, McKesson Corporation (MCK) experienced a slight decrease in its stock price, closing at $528.08. This represents a 0.41% drop from the previous day’s close. Despite this dip, MCK is still trading near the top of its 52-week range and above its 200-day simple moving average, indicating strong performance over the long term. Investors and analysts will be closely monitoring MCK’s stock performance in the coming days to see if this slight decrease is indicative of a larger trend or simply a temporary fluctuation. With the company trading near the top of its 52-week range, there may be potential for further growth if MCK can maintain its strong position in the market.
McKesson Corporation Stock Performance: Revenue Up, Net Income Mixed, EPS Shows Growth
On March 6, 2024, investors closely monitored the stock performance of McKesson Corporation (MCK) as the company released its latest financial data. According to CNN Money, McKesson reported a total revenue of $276.71 billion for the past year, which represents a 4.83% increase compared to the previous year. In the third quarter of the fiscal year, the company generated $80.90 billion in total revenue, reflecting a 4.77% increase from the previous quarter.
In terms of net income, McKesson reported a net income of $3.56 billion for the past year, marking a significant 219.57% increase compared to the previous year. However, in the third quarter, the company’s net income decreased by 11.3% to $589.00 million.
Earnings per share (EPS) also showed a mixed performance for McKesson. The company reported an EPS of $25.04 for the past year, representing a substantial 246.31% increase compared to the previous year. In the third quarter, the EPS decreased by 10.3% to $4.42.
