Barclays analyst Steven Valiquette maintained a Hold rating on McKesson (MCK) on July 29 and set a price target of $140. The company’s shares closed yesterday at $138.95.
According to TipRanks.com, Valiquette is a 4-star analyst with an average return of 7.0% and a 57.1% success rate. Valiquette covers the Services sector, focusing on stocks such as AmerisourceBergen Corporation, Molina Healthcare, and Tenet Healthcare.
Currently, the analyst consensus on McKesson is a Hold with an average price target of $149.75, a 7.8% upside from current levels. In a report issued on July 22, Guggenheim also initiated coverage with a Hold rating on the stock with a $152 price target.
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Based on McKesson’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $52.43 billion and GAAP net loss of $796 million. In comparison, last year the company earned revenue of $52.61 billion and had a GAAP net loss of $138 million.
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McKesson Corp. engages in the provision of supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology. It operates through the following segments: U.S. Pharmaceutical and Specialty Solutions; European Pharmaceutical Solutions; Medical-Surgical Solutions and Other.
