In a report released today, Eric Coldwell from Robert W. Baird downgraded McKesson (NYSE: MCK) to Hold. The company’s shares closed yesterday at $160.50.
According to TipRanks.com, Coldwell is a 4-star analyst with an average return of 11.3% and a 57.4% success rate. Coldwell covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, INC Research Holdings, and AmerisourceBergen.
Currently, the analyst consensus on McKesson is Moderate Buy and the average price target is $195.71, representing a 21.9% upside.
In a report released today, Deutsche Bank also downgraded the stock to Hold with a $153 price target.
McKesson’s market cap is currently $36.27B and has a P/E ratio of 15.87. The company has a book value ratio of 3.9218.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. Last month, Wayne Budd, a a Director at MCK sold 2,309 shares for a total of $414,904.
McKesson Corp. is a health services and information technology company, which provides medicines, pharmaceutical and care management products. It operates through the McKesson Distribution Solutions and McKesson Technology Solutions segments. The McKesson Distribution Solutions segment distributes ethical and proprietary drugs, medical-surgical supplies and equipment and health and beauty care products throughout North America. This segment also provides specialty pharmaceutical solutions for biotech and pharmaceutical manufacturers, sells financial, operational and clinical solutions for pharmacies. The McKesson Technology Solutions segment provides software, automation, business services and consulting to hospitals, physician offices, imaging centers and home healthcare. It also provides interactive connectivity services that streamline clinical, financial and administrative communication between patients, providers, payers, pharmacies and financial institutions agencies and payers. The company was founded by John McKesson and Charles Olcott in 1833 and is headquartered in Wilmington, DE.
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