McKesson Stock Hits New 52-Week High (MCK)

NEW YORK ( TheStreet) -- McKesson (NYSE: MCK) hit a new 52-week high Thursday as it is currently trading at $91.85, above its previous 52-week high of $88.92 with 930,621 shares traded as of 9:35 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.

McKesson has a market cap of $21.49 billion and is part of the services sector and wholesale industry. Shares are up 12.8% year to date as of the close of trading on Wednesday.

McKesson Corporation delivers medicines, pharmaceutical supplies, information, and care management products and services for the healthcare industry. The company has a P/E ratio of 20.2, above the average wholesale industry P/E ratio of 17.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates McKesson as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full McKesson Ratings Report.

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