Somewhat Favorable Press Coverage Somewhat Unlikely to Affect McKesson (MCK) Stock Price
News coverage about McKesson (NYSE:MCK) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. McKesson earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.3223025479441 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- McKesson Corporation Announces Offer to Purchase Up to $1,100,000,000 Combined Purchase Price of Outstanding 6.000% Notes due 2041, 7.650% Debentures due 2027, 4.883% Notes due 2044, 4.750% Notes due 2021 and 7.500% Notes due 2019 (prnewswire.com)
- Fighting opioid lawsuits, McKesson offers new solution for old pills (feeds.bizjournals.com)
- AmerisourceBergen sees $60 mln hit from troubled Memphis plant (finance.yahoo.com)
- Feb 05, 2018 – Neumann Capital Management, LLC Buys … – GuruFocus.com (gurufocus.com)
- McKesson Medical-Surgical to Offer New Sysmex Device That Provides Blood Test Results at Point of Care in Minutes (bizjournals.com)
Shares of McKesson (MCK) opened at $152.83 on Thursday. McKesson has a 12-month low of $133.82 and a 12-month high of $178.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.61 and a current ratio of 1.07. The firm has a market cap of $31,860.00, a price-to-earnings ratio of 6.77, a PEG ratio of 1.39 and a beta of 1.22.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 1st will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Wednesday, February 28th. McKesson’s payout ratio is 6.02%.
Several brokerages have issued reports on MCK. Needham & Company LLC upped their price target on shares of McKesson from $173.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Robert W. Baird reiterated a “buy” rating and set a $200.00 price objective on shares of McKesson in a research report on Wednesday, January 17th. Jefferies Group upgraded shares of McKesson from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Wednesday, January 24th. Mizuho set a $186.00 price objective on shares of McKesson and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Finally, Credit Suisse Group reiterated a “sell” rating and set a $130.00 price objective on shares of McKesson in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $178.97.
In other McKesson news, Chairman John H. Hammergren sold 65,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $160.00, for a total value of $10,400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.
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McKesson Company Profile
McKesson Corporation is a healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology company. The Company provides medicines, medical products and healthcare services by partnering with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare.
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