#6 - McKesson (NYSE:MKC)
McKesson Corp. (NYSE: MKC) is a leader in healthcare, which has been an evergreen sector for over 15 years. However, the reason McKesson makes this particular list is the stock’s beta value.
Any stock with a beta value below 1 is considered a low beta stock. This means that it has less volatility than the S&P 500. Low-beta stocks that show a strong correlation with the consumer price index tend to have market-beating returns when inflation is rising. MKC stock has delivered an average annual return of 68% in the last five years. And even with the rate of inflation cooling this year, the stock is still up more than 23% with less than two weeks left in 2024.
Analysts are forecasting approximately 12% earnings growth in 2025, which correlates with the consensus stock price, which shows a gain of the same amount. However, Citigroup recently raised its price target for McKesson stock to $713 from $630.
About McCormick & Company, Incorporated
McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.
Read More - Current Price
- $73.35
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 5 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $82.63 (12.6% Upside)
