McKesson Corporation
Real-time BATS EXCHANGE - 05/21 10:00:00 pm

McKesson : Services Stocks Under Scanner -- Rite Aid, Cardinal Health, AmerisourceBergen, and McKesson

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05/19/2017 | 12:15 pm

NEW YORK, May 19, 2017 /PRNewswire/ --

This morning, revisits the Services sector, which is an umbrella
term that describes any job that produces intangible value or goods. Equities lined up for
evaluation today are: Rite Aid Corp. (NYSE: RAD), Cardinal Health Inc. (NYSE: CAH),
AmerisourceBergen Corp. (NYSE: ABC), and McKesson Corp. (NYSE: MCK). You can access our
complimentary research reports on these stocks now at:

Rite Aid  

Shares in Camp Hill, Pennsylvania headquartered Rite Aid Corp. saw a decline of 6.54%,
ending Thursday's trading session at $3.43. The stock recorded a trading volume of 30.35
million shares, which was higher than its three months average volume of 18.79 million
shares. The Company's shares are trading 20.86% below their 50-day moving average.
Moreover, shares of Rite Aid, which through its subsidiaries, operates a chain of retail
drugstores in the US, have a Relative Strength Index (RSI) of 30.60.

On April 25th, 2017, research firm Guggenheim downgraded the Company's stock rating
from 'Buy' to 'Neutral'.

On April 25th, 2017, Rite Aid reported operating results for its 14-week fourth
quarter and 53-week fiscal year ended March 04th, 2017. For Q4 FY17, revenues were $8.5
billion, net loss was $21.1 million, adjusted net loss was $3.2 million, and adjusted
EBITDA was $264.3 million. For the full year, revenues were $32.8 billion, net income was
$4.1 million, adjusted net income was $66.8 million, and adjusted EBITDA was $1,137.1
million. Visit us today and download your complete report on RAD for free at:

Cardinal Health  

Dublin, Ohio headquartered Cardinal Health Inc.'s stock rose 0.82%, closing the day at
$72.19 with a total trading volume of 2.07 million shares. The Company's shares have
advanced 0.86% since the start of this year. The stock is trading 4.78% below its 200-day
moving average. Additionally, shares of Cardinal Health, which operates as a healthcare
services and products company worldwide, have an RSI of 37.29.

On May 03rd, 2017, the Cardinal Health's Board of Directors approved a 3% increase in
the Company's quarterly dividend from $0.4489 per share to $0.4624 per share. The dividend
will be payable on July 15th, 2017, to shareholders of record on July 03rd, 2017. 

On May 17th, 2017, research firm Jefferies initiated a 'Hold' rating on the Company's
stock, with a target price of $77 per share. The complimentary research report on CAH can
be accessed at:


On Thursday, shares in Chesterbrook, Pennsylvania headquartered AmerisourceBergen
Corp. recorded a trading volume of 1.15 million shares. The stock ended the day 0.48%
higher at $86.69. The Company's shares have advanced 5.91% in the past month and 11.32% on
an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.41%
and 3.59%, respectively. Furthermore, shares of AmerisourceBergen, which sources and
distributes pharmaceutical products in the US and internationally, have an RSI of 53.04.

On May 09th, 2017, AmerisourceBergen's Board of Directors declared a quarterly
dividend of $0.365 per common share, payable on June 05th, 2017, to stockholders of record
at the close of business on May 22nd, 2017.

On May 17th, 2017, research firm Jefferies initiated a 'Hold' rating on the Company's
stock, with a target price of $95 per share. Register for free on and
download the PDF research report on ABC at:


San Francisco, California headquartered McKesson Corp.'s stock dropped 0.42%,
finishing yesterday's session at $141.44. A total volume of 1.99 million shares was traded,
which was above their three months average volume of 1.56 million shares. The Company's
shares have advanced 3.93% in the last one month and 0.89% on an YTD basis. The stock is
trading below its 50-day moving average by 1.66%. Additionally, shares of McKesson, which
operates as a pharmaceutical distribution services and information technology company in
the US and internationally, have an RSI of 47.99.

On May 17th, 2017, research firm Jefferies resumed its 'Hold' rating on the Company's
stock, with a target price of $153 per share. Get free access to your research report on
MCK at:


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