Analysts See $3.54 EPS for McKesson Corporation (MCK)

May 23, 2018 - By Graig Alexander

McKesson Corporation (NYSE:MCK) LogoInvestors sentiment decreased to 0.79 in 2017 Q4. Its down 0.09, from 0.88 in 2017Q3. It worsened, as 73 investors sold McKesson Corporation shares while 310 reduced holdings. 79 funds opened positions while 222 raised stakes. 177.79 million shares or 1.25% less from 180.04 million shares in 2017Q3 were reported.
Hgk Asset Management invested 1.84% of its portfolio in McKesson Corporation (NYSE:MCK). 194,240 were accumulated by Keybank Association Oh. Oregon Pub Employees Retirement Fund reported 86,807 shares. Amp Capital Invsts Ltd reported 0.16% stake. Cna Corp holds 17,133 shares or 0.64% of its portfolio. Ftb Advisors has 32,579 shares for 0.49% of their portfolio. Sva Plumb Wealth Management Ltd Liability Corporation, a Wisconsin-based fund reported 17,015 shares. California State Teachers Retirement Systems owns 378,771 shares for 0.12% of their portfolio. 405,094 are owned by Rhumbline Advisers. Cetera Advsr Limited Liability Corporation stated it has 1,476 shares. Ironwood Invest Counsel Limited Liability stated it has 16,606 shares. Martin & Tn stated it has 0.85% in McKesson Corporation (NYSE:MCK). Moreover, Northwest Inv Counselors Ltd has 0.56% invested in McKesson Corporation (NYSE:MCK) for 8,835 shares. 160,964 were reported by Ajo Lp. Commonwealth Bancorp Of Aus has 89,570 shares.

Since December 14, 2017, it had 0 insider purchases, and 2 selling transactions for $10.61 million activity. $211,071 worth of McKesson Corporation (NYSE:MCK) shares were sold by Lampert Erin M.

Analysts expect McKesson Corporation (NYSE:MCK) to report $3.54 EPS on May, 24 before the open.They anticipate $0.15 EPS change or 4.42 % from last quarter’s $3.39 EPS. MCK’s profit would be $730.43M giving it 10.34 P/E if the $3.54 EPS is correct. After having $3.41 EPS previously, McKesson Corporation’s analysts see 3.81 % EPS growth. The stock decreased 0.04% or $0.06 during the last trading session, reaching $146.44. About 2.30 million shares traded or 37.86% up from the average. McKesson Corporation (NYSE:MCK) has declined 6.57% since May 23, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

McKesson Corporation (NYSE:MCK) Ratings Coverage

Among 11 analysts covering McKesson (NYSE:MCK), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. McKesson has $200.0 highest and $130.0 lowest target. $175.70’s average target is 19.98% above currents $146.44 stock price. McKesson had 13 analyst reports since December 4, 2017 according to SRatingsIntel. Needham maintained the stock with “Buy” rating in Friday, February 2 report. The company was maintained on Wednesday, April 18 by Cowen & Co. Mizuho maintained McKesson Corporation (NYSE:MCK) rating on Thursday, February 1. Mizuho has “Hold” rating and $179.0 target. Jefferies upgraded the shares of MCK in report on Wednesday, January 24 to “Buy” rating. The firm has “Buy” rating by Bank of America given on Wednesday, April 11. As per Wednesday, January 17, the company rating was maintained by Robert W. Baird. The stock has “Sell” rating by Credit Suisse on Monday, December 18. As per Thursday, February 1, the company rating was maintained by RBC Capital Markets. The firm earned “Hold” rating on Wednesday, January 24 by Mizuho.

McKesson Corporation provides pharmaceuticals and medical supplies in the United States and internationally. The company has market cap of $30.22 billion. The firm operates in two divisions, McKesson Distribution Solutions and McKesson Technology Solutions. It has a 6.44 P/E ratio. The McKesson Distribution Solutions segment distributes branded and generic pharmaceutical drugs, and other healthcare-related products; and provides practice management, technology, clinical support, and business solutions to community oncology and other specialty practices.

More notable recent McKesson Corporation (NYSE:MCK) news were published by: Seekingalpha.com which released: “McKesson To Acquire MSD For Medical Supply Distribution” on May 07, 2018, also Streetinsider.com with their article: “Rite Aid (RAD)/Albertsons More Likely to Depart McKesson (MCK), a Positive for AmerisourceBergen (ABC) – RBC” published on May 15, 2018, Streetinsider.com published: “McKesson (MCK) call put ratio 1 call to 3 puts into Q2” on May 23, 2018. More interesting news about McKesson Corporation (NYSE:MCK) were released by: Seekingalpha.com and their article: “More states sue over opioid epidemic” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “McKesson launches growth initiative, sees non-GAAP EPS as high as $12.80” with publication date: April 25, 2018.

McKesson Corporation (NYSE:MCK) Institutional Positions Chart

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