Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole closed the day down 0.5%. By the end of trading, McKesson fell $1.12 (-1.3%) to $86.03 on average volume. Throughout the day, 2.2 million shares of McKesson exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in price between $85.84-$87.04 after having opened the day at $86.99 as compared to the previous trading day's close of $87.15. Other companies within the Wholesale industry that declined today were:
), down 11.2%,
), down 9.6%,
), down 8.3%, and
), down 5.5%.
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McKesson Corporation, together with its subsidiaries, delivers pharmaceuticals, medical supplies, and health care information technologies to the healthcare industry primarily in the United States. It operates in two segments, McKesson Distribution Solutions and McKesson Technology Solutions. McKesson has a market cap of $20.72 billion and is part of the
sector. The company has a P/E ratio of 14.5, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 11.9% year to date as of the close of trading on Thursday. Currently there are eight analysts that rate McKesson a buy, no analysts rate it a sell, and five rate it a hold.
TheStreet Ratings rates McKesson as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full McKesson Ratings Report.
- Use our wholesale section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider
) while those bearish on the wholesale industry could consider
- Find other investment ideas from our top rated ETFs lists.
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