In the past 52-week period, shares of McKesson Corporation (NYSE:MCK) have moved within the range of $126.30 to $169.29. On the stock’s most recent trading day, the company’s shares ended the regular session at $139.67, which is 17.5% lower than its 52-week high.
McKesson Corporation (MCK) has demonstrated a 20-day simple moving average (SMA) of -5.16%, and a 50-day SMA of -6.88%. This public company’s current market capitalization stands at $31.08 billion.
Analyzing Consensus Estimates, Sales Revenue and Net Income
When considering entering a position, it is crucial to understand the average enthusiasm level expressed by Wall Street analysts for that particular stock. According to the latest data, the consensus recommendation for McKesson Corporation (MCK) is Hold.
Publicly-traded organizations typically post revenue and earnings results that fall either above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Sep. 2017, McKesson Corporation (MCK) delivered a 0.64% surprise with its net revenue. Sales reached $52.06 billion during the three-month period, compared to the average analyst estimate of $51.73 billion.
Meanwhile, during the same quarter McKesson Corporation (MCK) delivered a 17.28% earnings surprise. Net earnings for the quarter were posted at $3.28 per share, whereas Wall Street had forecast $2.80 per share.
Ownership at McKesson Corporation (MCK), According to Most Recent SEC Filings
We can find critical insight by examining institutional ownership, which are reported in public companies’ most recent 13F filings. McKesson Corporation (MCK) has 0.21 billion shares outstanding currently, 87.57% of which belong to institutional investors. Those institutional holdings amount to $25.17 billion.
Additionally, according to the most recent 13F filing from McKesson Corporation (MCK), there were 95 new positions totaling 5,261,530 shares of the company’s stock. There were 66 sold out positions, on the other hand, totaling 2,215,999 shares.
Short, Medium and Long Term Indicators
A stock’s average trade volume, as recorder over the short, medium and long terms, is helpful to analyze in order to gain a better understanding of trading activity and investor sentiment. McKesson Corporation (MCK) has had a 20-day average volume of 2,455,595 shares, with an average of 40% of short term indicators pointed at Sell.
The stock’s 50-day average volume has been 1,978,202 shares, with an average of 100% of medium term indicators pointing toward Sell. Finally, its 100-day average volume is 1,782,574 shares with 100% of long-term indicators pointing to Sell.