How to Buy Mckesson Stock
Mckesson Corp
Mckesson is a medical distribution company located in Texas, United States, which is part of the Healthcare sector, and is traded under the ticker MCK on the NYSE exchange.
Mckesson stock last closed at $564.52, up 1.58% from the previous day, and has increased 40.79% in one year. It has overperformed other stocks in the Medical Distribution industry by 0.14 percentage points. Mckesson stock is currently +51.23% from its 52-week low of $373.28, and -0.26% from its 52-week high of $566.01.
As of May 17, 2024, there are 129.99M MCK shares outstanding. The market value of MCK is $73.38B. In the past 24 hours, 574,559 MCK shares were traded.
How to Buy Mckesson Stock
Not sure how to invest in Mckesson stock? Here's how.
- Figure out where to buy Mckesson stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Mckesson stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Select your payment method and add your information.
- Research Mckesson stock: The Mckesson ticker symbol is MCK. Is Mckesson stock a good investment? Should you buy shares of MCK? How do MCK's underlying business fundamentals look? Do top analysts think Mckesson is a good buy? Why has MCK's stock price moved recently? (Hint: Our stock analysis website can help you figure out if MCK is a good stock to buy).
- Place your MCK buy order: Decide if you will purchase MCK shares at the current market price or use a limit order to buy MCK shares at a specific price.
- Watch your MCK position: Create a watchlist to keep track of your position in Mckesson stock.
Step 1: Figure out where to buy Mckesson stock
You need an online brokerage account to access the NYSE market and buy MCK stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, you need to fill out some personal info so you are able to invest in MCK today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open your new trading account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have finished signing up on the best stock app, your next step is to transfer the money for your investment:
Check out the video below for more details depositing money into your new brokerage account.
Step 4: Research Mckesson stock
After you have figured out the best place to buy Mckesson stock, it's critical to research their stock before you buy, so you actually understand the risk as well as the opportunity.
Mckesson Metrics
MCK Fundamentals
WallStreetZen was designed to help average investors do better fundamental analysis quickly.
You can view all of the due diligence checks on MCK's stock page.
Is MCK stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge MCK's fair value.
Using relative valuations ratios:
- MCK could be undervalued based on its P/E ratio of 25.05x, relative to Medical Distribution industry P/E ratio of 26.84x
- MCK may be overvalued based on its PEG ratio of 1.01x
You can access additional valuation analysis on MCK's stock here.
MCK Financial Health
Positive Financial Indicators:
- MCK earnings of $3.88B is not sufficient to cover its interest payments.
- MCK's operating cash flow of $4.31B allows it to safely service it's debt of $7.39B.
- There are more short-term assets than long-term liabilities on the MCK balance sheet.
Negative Financial Indicators:
- There are more short-term liabilities than short-term assets on the MCK balance sheet.
- MCK profit margin has gone down from 1.3% to 1% in the past year.
- Total MCK debt is still negative.
- MCK debt to equity ratio of -35.03 is negative.
Is it a good time to buy MCK stock, according to Wall Street analysts?
Out of 12 Wall Street analysts who give forecasts on MCK, the consensus analyst rating on Mckesson is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Latest MCK Analyst Ratings
Kevin Caliendo, a top 18% analyst from UBS maintains MCK with a strong buy rating and raises their MCK price target from $620.00 to $630.00, on May 8, 2024.
Eric Coldwell, a top 21% analyst from Baird maintains MCK with a buy rating and raises their MCK price target from $603.00 to $671.00, on May 8, 2024.
Daniel Grosslight, a top 23% analyst from Citigroup maintains MCK with a strong buy rating and raises their MCK price target from $575.00 to $620.00, on Apr 30, 2024.
Citigroup's Daniel Grosslight raised their price target on Mckesson (NYSE: MCK) by 7.8% from $575 to $620 on 2024/04/30. The analyst maintained their Strong Buy rating on the stock.
Grosslight's update arrived in a pre-print review of names in their Healthcare Technology (Medical Distribution) sector coverage area, published ahead of Mckesson's Q4 and FY 2024 earnings report on 2024/05/07.
Although the analyst expressed optimism about distributors in general, Grosslight cautioned that Q1 2025 would be challenging from a comp standpoint.
The analyst detailed that GLP-1 growth will decelerate significantly, and distributors will not reap much profit from commercial COVID vaccinations.
Footnotes
Yahoo Finance reports that the current consensus EPS estimate for the company's Q4 is $6.35 which, if achieved, would represent an 11.7% decline from Q4 2023's $7.19.
Erin Wright, a top 5% analyst from Morgan Stanley maintains MCK with a strong buy rating and raises their MCK price target from $522.00 to $548.00, on Apr 15, 2024.
David Toung, a top 18% analyst from Argus Research maintains MCK with a strong buy rating and raises their MCK price target from $510.00 to $570.00, on Apr 10, 2024.
You can dive deeper into what analysts are saying on the Mckesson stock forecast page.
Metrics for Advanced MCK Traders
MCK Growth Metrics
Last year, MCK earnings were $3.00B. During the past 5 year, MCK's earnings have gone up by 165.77% per year. This was faster than the Medical Distribution industry average of 93.16%.
Last year, MCK revenue was $308.95B. In the past five year, MCK's revenue has grown by 7.59% per year. This was slower than the Medical Distribution industry average of 8.29%.
You can analyze MCK's earnings and revenue performance here.
Latest Insiders Trades at MCK
In the last 12 months, executives and large shareholders at MCK have sold more shares than they have bought.
Susan R. Salka, Director of MCK, was the latest MCK insider to sell. They sold $2,232.15 worth of MCK shares on May 10, 2024.
Research more about who owns MCK shares here.
Does MCK stock generate passive income?
Mckesson pays a dividend of 0.43%, compared to the Medical Distribution industry's average dividend yield of 1.85%. If you owned $1,000 of MCK stock, you would have been paid $4.25 last year.
Mckesson dividend payments have consistently grown over the past decade and have remained stable.
Find more data about Mckesson dividend yield and history here.
MCK Social Trading Data
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your MCK buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact price, place a limit order.
Click the Open button and your broker will place the order.
If you need additional info about buying stocks on eToro, click the how to video below:
Step 6: Watch your MCK position
Now that you own some MCK stock, you'll want to keep up with your new company.
Make a watchlist to track the latest developments regarding your MCK stock.
MCK Feed
How to Buy Stock in Mckesson
To reiterate, here are the 6 steps you need to take to buy Mckesson stock right now:
- Figure out where to buy Mckesson stock
- Create a brokerage account
- Deposit money your investment account
- Research Mckesson stock
- Place your MCK buy order
- Watch your MCK position
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get updates on your investment in Mckesson, get started below.
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