Economy

Morgan Stanley Cuts Rating On McKesson Corporation (MCK)

Morgan Stanley Cuts Rating On McKesson Corporation (MCK)”

Therefore 50% are positive. ARC Document Solutions had 8 analyst reports since August 7, 2015 according to SRatingsIntel. On Tuesday, October 20 the stock rating was initiated by Sidoti with "Buy". As per Thursday, November 5, the company rating was downgraded by William Blair.

In other McKesson Corporation news, Director M Christine Jacobs sold 1,083 shares of McKesson Corporation stock in a transaction dated Monday, August 21st. The firm has "Hold" rating by TheStreet given on Friday, August 7. The stock of GasLog Ltd (NYSE:GLOG) earned "Buy" rating by Citigroup on Wednesday, February 15. The firm has "Sell" rating given on Monday, September 7 by Zacks. The rating was upgraded by Morgan Stanley on Tuesday, June 13 to "Overweight".

Fulton Breakefield Broenniman Llc decreased Mck (MCK) stake by 19.92% reported in 2016Q4 SEC filing. Pggm Investments bought 19,812 shares as the company's stock rose 1.84% with the market. The Lyon Street Capital Llc holds 417,960 shares with $6.86 million value, down from 673,441 last quarter.

Previously on 09/08/2017, Needham reported about McKesson (NYSE:MCK) upped the target price from $0.00 to $179.00.

The company is so far trading down from yesterday's close of 157.68. About shares traded. GasLog Ltd (NYSE:GLOG) has risen 20.14% since September 14, 2016 and is uptrending. About shares traded. McKesson Corporation (NYSE:MCK) has declined 15.45% since September 14, 2016 and is downtrending. It has underperformed by 32.15% the S&P500. The stock of McKesson Corporation (NYSE:MCK) earned "Buy" rating by Jefferies on Friday, July 28. Therefore 27% are positive.

COPYRIGHT VIOLATION WARNING: "McKesson Corporation (NYSE:MCK) Receiving Somewhat Favorable Press Coverage, Report Shows" was originally reported by StockNewsTimes and is owned by of StockNewsTimes. Eqis Cap holds 4,841 shares. The firm has "Hold" rating given on Wednesday, June 21 by Jefferies. The rating was downgraded by Leerink Swann to "Mkt Perform" on Friday, October 28. DNB Markets downgraded it to "Hold" rating and $17.8 target in Wednesday, September 13 report. Vetr upgraded McKesson Corporation from a "hold" rating to a "buy" rating and set a $174.15 price objective on the stock in a research note on Thursday, May 25th. Mizuho maintained the shares of MCK in report on Friday, January 15 with "Buy" rating.

More notable recent McKesson Corporation (NYSE:MCK) news were published by: Seekingalpha.com which released: "McKesson Heavily Oversold At $147" on August 24, 2017, also Businesswire.com with their article: "McKesson Corporation to Present at the Morgan Stanley Global Healthcare Conference" published on August 22, 2017, Nasdaq.com published: "McKesson Corporation (MCK) Ex-Dividend Date Scheduled for August 30, 2017" on August 29, 2017. Mizuho maintained the stock with "Buy" rating in Monday, January 18 report. On Saturday, May 27 the insider HAMMERGREN JOHN H sold $3.14 million. Insiders sold 3,066 shares of company stock worth $473,627 over the last ninety days.

Investors sentiment decreased to 0.95 in 2016 Q4. Its down 0.02, from 0.97 in 2016Q3. It turned negative, as 140 investors sold McKesson Corporation shares while 331 reduced holdings.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Family Firm Inc. now owns 1,922 shares of the company's stock valued at $316,000 after purchasing an additional 5 shares during the period. Van Eck owns 251,923 shares for 0.18% of their portfolio. BidaskClub lowered shares of McKesson Corporation from a "hold" rating to a "sell" rating in a report on Wednesday, August 9th. Moreover, Northwestern Mutual Wealth Management Co has 0.02% invested in McKesson Corporation (NYSE:MCK). The company reported $2.46 EPS for the quarter, missing analysts' consensus estimates of $2.81 by ($0.35). Glob Endowment Lp stated it has 0.44% of its portfolio in McKesson Corporation (NYSE:MCK). The company had a trading volume of 1,794,789 shares. Victory Capital Mngmt Incorporated accumulated 142,462 shares. Kcg reported 38,623 shares. Gabelli Funds Limited Liability Com reported 60,000 shares. Cadence Mngmt Limited Liability Com stated it has 62,964 shares or 0.07% of all its holdings. Financial Architects Inc reported 255 shares or 0.01% of all its holdings. Goldman Sachs Grp Inc accumulated 87,995 shares or 0% of the stock.

ARC Document Solutions, Inc.is a document solutions well-known provider for the architectural, engineering and construction (AEC) industry. The company has market cap of $33.15 billion. The Firm also provides document solutions to businesses of various types. It has a 400 P/E ratio. The Technology Solutions segment delivers clinical, patient care, financial, supply chain and strategic management software solutions, as well as connectivity, outsourcing and other services. Its down 0.38, from 1.06 in 2016Q3. It has underperformed by 25.67% the S&P500. Its down 0.79, from 1.69 in 2016Q3. Ct Mason holds 0.25% or 3,930 shares. 41 funds opened positions while 48 raised stakes. 90,610 are owned by Smith Asset Group Lp. Wellington Management Group LLP increased its stake in shares of McKesson Corporation by 0.9% in the 1st quarter. Southpoint Limited Partnership owns 500,000 shares or 3.24% of their United States portfolio. Comml Bank Of America Corp De invested 0% of its portfolio in Carbonite Inc (NASDAQ:CARB). Orrstown Financial Services Inc. grew its stake in McKesson Corporation by 6.0% in the second quarter. It increased, as 14 investors sold CARB shares while 34 reduced holdings. Financial Bank Of New York Mellon stated it has 0% of its portfolio in ARC Document Solutions Inc (NYSE:ARC). Aspiriant Limited Liability Corporation holds 2,317 shares or 0.03% of its portfolio. Finally, SOL Capital Management CO raised its holdings in shares of McKesson Corporation by 0.9% during the second quarter. Lsv Asset Mngmt has invested 0% in ARC Document Solutions Inc (NYSE:ARC). Menta Capital Lc has 0.04% invested in ARC Document Solutions Inc (NYSE:ARC). Credit Suisse Ag holds 0% or 21,022 shares in its portfolio.



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