Why AmerisourceBergen Is The Best-In-Class Pharmaceuticals Distributor [Seeking Alpha]
McKesson Corporation (MCK)
Last mckesson corporation earnings: 2/4 07:00 am
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Source: Seeking Alpha
jetcityimage/iStock Editorial via Getty ImagesIntroductionAmerisourceBergen Corp. (NYSE:ABCthe "big three" – primary drug distributors in the U.S. – with McKesson Corp. (MCK) and Cardinal Health (CAH). The company also operates international businesses through its segments AmerisourceBergen Alliance Healthcare and Global Commercialization , but related revenues represent only about 5% of total 2021 revenues ($214 billion). ABC also distributes animal health-related products, but this segment is also comparatively small, with $4.7 billion in revenues in 2021 (2.2%). The company also offers marketing, merchandising, and administrative support services to smaller pharmacies and distributors.ABC operates a – at first glance – commoditized middleman’s business. However, the transportation of highly-valued pharmaceuticals is heavily regulated and thus ABC, MCK and CAH can be seen as operating in a consolidated oligopoly. With TTM revenues of $214 billion, ABC is a bit smaller than MCK ($264
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MCK
News
- McKesson Co. (NYSE: MCK) had its price target raised by analysts at Morgan Stanley from $522.00 to $548.00. They now have an "overweight" rating on the stock.MarketBeat
- McKesson Co. (NYSE: MCK) had its price target raised by analysts at Argus from $510.00 to $570.00. They now have a "buy" rating on the stock.MarketBeat
- Theriva™ Biologics Announces Presentation at the American Society for Cell and Gene Therapy 27th Annual Meeting [Yahoo! Finance]Yahoo! Finance
- Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- McKesson Launches Project Oasis to Address Pharmacy Deserts in Underserved Communities [Yahoo! Finance]Yahoo! Finance
MCK
Earnings
- 2/7/24 - Beat
MCK
Sec Filings
- 3/18/24 - Form 4
- 3/15/24 - Form 144
- 3/5/24 - Form 4
- MCK's page on the SEC website