McKesson (MCK) Stock Forecast & Price Target

$623.19 -5.08 (-0.81%)

(As of 11/22/2024 ET)

McKesson - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 16 Analyst Ratings

Sell
0

Hold
2

Buy
14

Based on 16 Wall Street analysts who have issued ratings for McKesson in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 2 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for MCK.

Consensus Price Target

$631.57
1.34% Upside

According to the 16 analysts' twelve-month price targets for McKesson, the average price target is $631.57. The highest price target for MCK is $713.00, while the lowest price target for MCK is $535.00. The average price target represents a forecasted upside of 1.34% from the current price of $623.19.

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MCK Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	12 Buy rating(s)	13 Buy rating(s)	8 Buy rating(s)
Hold	2 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$631.57	$610.86	$620.29	$472.83
Forecasted Upside	1.34% Upside	20.39% Upside	12.63% Upside	2.48% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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MCK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MCK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

McKesson Stock vs. The Competition

Type	McKesson	Medical Companies	S&P 500
Consensus Rating Score	2.94	2.80	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	1.34% Upside	27,073.48% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent MCK News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/13/2024	Citigroup 3 of 5 stars		Boost Target	Buy ➝ Buy	$630.00 ➝ $713.00	+13.73%
11/7/2024	Baird R W 0 of 5 stars	E. Coldwell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
11/7/2024	Evercore ISI 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$560.00 ➝ $680.00	+23.79%
11/7/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$531.00 ➝ $688.00	+25.25%
10/7/2024	Leerink Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$665.00 ➝ $630.00	+29.78%
9/25/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$623.00 ➝ $579.00	+20.99%
Get the Latest News and Ratings for MCK and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for McKesson and its competitors with MarketBeat's FREE daily newsletter.
9/13/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$576.00 ➝ $535.00	+3.20%
8/21/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$656.00 ➝ $661.00	+19.54%
8/8/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$596.00 ➝ $616.00	+12.78%
8/8/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$540.00 ➝ $570.00	+4.58%
6/25/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$590.00 ➝ $670.00	+10.23%
6/24/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$570.00 ➝ $670.00	+11.10%
5/8/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$563.00 ➝ $652.00	+19.74%
5/8/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$620.00 ➝ $630.00	+14.00%
4/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$522.00 ➝ $548.00	+4.21%
2/26/2024	Leerink Partnrs Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Cherny Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
8/11/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$450.00 ➝ $485.00	+11.71%
5/9/2023	58.com Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 05:34 AM ET.

Should I Buy McKesson Stock? MCK Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these McKesson pros and cons to contact@marketbeat.com.

McKesson
Bull Case

Here are some ways that investors could benefit from investing in McKesson Co.:

McKesson Co. reported earnings per share of $7.07 for the latest quarter, surpassing analysts' expectations of $6.88, indicating strong financial performance and effective management.
The company achieved a revenue of $93.65 billion during the quarter, significantly exceeding the forecast of $89.33 billion, showcasing robust growth and demand for its services.
Currently, McKesson Co. is trading at $606.29, reflecting a strong market position and investor confidence, especially given its 12-month high of $637.51.
McKesson Co. has a low dividend payout ratio of 14.71%, suggesting that it retains a significant portion of its earnings for reinvestment, which could lead to future growth.
Institutional investors hold 85.07% of McKesson Co.'s stock, indicating strong institutional confidence in the company's long-term prospects.

McKesson
Bear Case

Investors should be bearish about investing in McKesson Co. for these reasons:

The company has a negative return on equity of 207.50%, which may raise concerns about its ability to generate profit from shareholders' equity.
Despite strong revenue growth, McKesson Co. has a net margin of only 0.77%, indicating that a small percentage of revenue is converted into profit, which could limit overall profitability.
Recent insider selling, including a significant transaction by the CEO, may signal a lack of confidence in the company's short-term performance.
Analysts have varied opinions on the stock, with some lowering price targets, which could create uncertainty among potential investors.
The healthcare sector can be highly regulated and competitive, which may pose risks to McKesson Co.'s market position and profitability in the future.

MCK Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for McKesson is $631.57, with a high forecast of $713.00 and a low forecast of $535.00.
: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for McKesson in the last year. There are currently 2 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MCK shares.
: According to analysts, McKesson's stock has a predicted upside of 1.34% based on their 12-month stock forecasts.
: Over the previous 90 days, McKesson's stock had 2 upgrades and 1 downgrade by analysts.
: McKesson has been rated by research analysts at Baird R W, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, Leerink Partners, Robert W. Baird, and Wells Fargo & Company in the past 90 days.
: Analysts like McKesson more than other "medical" companies. The consensus rating score for McKesson is 2.94 while the average consensus rating score for "medical" companies is 2.80. Learn more on how MCK compares to other companies.

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This page (NYSE:MCK) was last updated on 11/25/2024 by MarketBeat.com Staff

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McKesson (MCK) Stock Forecast & Price Target