+Compare
MCK
Stock ticker:
NYSE
AS OF
Jun 24 closing price
Price
$322.15
Change
+$7.50 (+2.38%)
Capitalization
45.18B

MCK Price Prediction, McKesson Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jun 24, 2022

MCK's RSI Oscillator climbs out of oversold territory

The RSI Oscillator for MCK moved out of oversold territory on June 21, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 18 similar instances when the indicator left oversold territory. In 15 of the 18 cases the stock moved higher. This puts the odds of a move higher at 83%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 24, 2022. You may want to consider a long position or call options on MCK as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MCK just turned positive on June 24, 2022. Looking at past instances where MCK's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

MCK moved above its 50-day moving average on June 24, 2022 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MCK advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The 10-day moving average for MCK crossed bearishly below the 50-day moving average on June 10, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MCK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for MCK entered a downward trend on June 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (5.044). MCK's P/E Ratio (43.290) is considerably higher than the industry average of (18.665). MCK's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.730). Dividend Yield (0.006) settles around the average of (0.033) among similar stocks. P/S Ratio (0.184) is also within normal values, averaging (3.000).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MCK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

AI
A.I.Advisor
published price charts
AI
A.I. Advisor
published Earnings

MCK is expected to report earnings to fall 9.78% to $5.26 per share on July 28

McKesson Corp MCK Stock Earnings Reports
Q2'22
Est.
$5.26
Q1'22
Missed
by $0.20
Q4'21
Beat
by $0.70
Q3'21
Beat
by $1.49
Q2'21
Beat
by $1.41
The last earnings report on May 05 showed earnings per share of $5.83, missing the estimate of $6.03. With 349.04K shares outstanding, the current market capitalization sits at 45.18B.
AI
A.I.Advisor
published Dividends

MCK is expected to pay dividends on July 01, 2022

McKesson Corp MCK Stock Dividends
A dividend of $0.47 per share will be paid with a record date of July 01, 2022, and an ex-dividend date of May 31, 2022. The last dividend of $0.47 was paid on April 01. Read more...
AI
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are McKesson Corp (NYSE:MCK).

Industry description

Healthcare distribution market can be segmented into pharmaceutical product distribution services, medical device distribution services, and biopharmaceutical product distribution services. In addition to serving as intermediaries, many medical distributors also purchase and take legal ownership of pharmaceuticals and manage inventory and credit risk. According to a Deloitte report, pharmaceutical distributors’ core services of efficient product distribution, inventory management, financial risk management, and information-sharing generate $33 billion-$53 billion in value annually to the U.S. health care ecosystem. Some prominent players in the overall medical distribution industry include McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health, Inc. and Patterson Companies, Inc.

Market Cap

The average market capitalization across the Medical Distributors Industry is 7.32B. The market cap for tickers in the group ranges from 494.39K to 45.18B. MCK holds the highest valuation in this group at 45.18B. The lowest valued company is SNYR at 494.39K.

High and low price notable news

The average weekly price growth across all stocks in the Medical Distributors Industry was 1%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was -5%. OMI experienced the highest price growth at 11%, while ARHCF experienced the biggest fall at -27%.

Volume

The average weekly volume growth across all stocks in the Medical Distributors Industry was -73%. For the same stocks of the Industry, the average monthly volume growth was -89% and the average quarterly volume growth was -25%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 47
P/E Growth Rating: 48
Price Growth Rating: 48
SMR Rating: 27
Profit Risk Rating: 83
Seasonality Score: 4 (-100 ... +100)
AI

View a ticker or compare two or three

AI
A.I. Advisor
published General Information

General Information

a distributer of pharmaceuticals and provides healthcare software and health information technology services

Industry MedicalDistributors

Profile
Fundamentals
Details
Industry
Medical Distributors
Address
6555 State Highway 161
Phone
+1 972 446-4800
Employees
75000
Web
https://www.mckesson.com

Interesting Tickers

1D
1W
1M
1Q
6M
1Y
5Y
1 Day
STOCK / NAMEPrice $Chg $Chg %
WDAY152.059.86
+6.93%
Workday
HBI10.700.41
+3.98%
Hanesbrands
MGI10.12-0.03
-0.30%
Moneygram International
LEJU3.49-0.04
-1.13%
Leju Holdings Limited
ALCO35.27-1.84
-4.96%
Alico

MCK and

Correlation & Price change

A.I.dvisor indicates that over the last year, MCK has been closely correlated with ABC. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if MCK jumps, then ABC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MCK
1D Price
Change %
MCK100%
+2.38%
ABC - MCK
85%
Closely correlated
+2.74%
CAH - MCK
64%
Loosely correlated
+2.70%
HSIC - MCK
61%
Loosely correlated
+2.02%
PDCO - MCK
45%
Loosely correlated
+0.71%
OMI - MCK
38%
Loosely correlated
+1.18%
More