AmerisourceBergen Corporation (Holding Co) (ABC) Earns News Sentiment Rating of 0.08
Media headlines about AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. AmerisourceBergen Corporation (Holding Co) earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.3900440600189 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Drug company pleads guilty to shipping misbranded cancer medicine (nydailynews.com)
- AmerisourceBergen Corporation (Holding Co) (ABC) Insider Peyton R. Howell Sells 3,243 Shares (americanbankingnews.com)
- FY2017 EPS Estimates for AmerisourceBergen Corporation (Holding Co) (ABC) Lifted by Analyst (americanbankingnews.com)
- Buy A Defensive Business With Moderate Growth And Steadily Growing Dividend (seekingalpha.com)
- Allen Investment Management LLC Buys ServiceNow Inc, Lowe’s Inc, AmerisourceBergen Corp, Sells Express Scripts … – GuruFocus.com (gurufocus.com)
Several equities analysts have recently issued reports on the company. Bank of America Corporation cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $95.76 to $94.00 in a report on Friday, June 30th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $95.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a report on Wednesday, June 21st. Zacks Investment Research cut AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Credit Suisse Group reaffirmed a “buy” rating and issued a $95.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a report on Thursday, July 13th. Finally, BidaskClub cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $91.86.
Shares of AmerisourceBergen Corporation (NYSE ABC) traded up 0.52% during trading on Wednesday, hitting $82.43. The company’s stock had a trading volume of 960,866 shares. The stock has a market cap of $18.06 billion, a PE ratio of 21.48 and a beta of 0.95. AmerisourceBergen Corporation has a one year low of $68.38 and a one year high of $97.85. The company has a 50-day moving average price of $80.95 and a 200-day moving average price of $87.43.
AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.06. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The company had revenue of $38.71 billion for the quarter, compared to analyst estimates of $39.13 billion. During the same quarter in the previous year, the company earned $1.37 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts predict that AmerisourceBergen Corporation will post $5.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were given a dividend of $0.365 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.78%. AmerisourceBergen Corporation (Holding Co)’s payout ratio is 38.02%.
In other news, Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $94.76, for a total transaction of $1,421,400.00. Following the completion of the sale, the chairman now directly owns 253,876 shares in the company, valued at approximately $24,057,289.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Tim G. Guttman sold 11,600 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $79.47, for a total transaction of $921,852.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,116 shares of company stock valued at $5,505,275. Insiders own 27.40% of the company’s stock.
AmerisourceBergen Corporation (Holding Co) Company Profile
AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company’s segments include Pharmaceutical Distribution and Other. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. As of June 30, 2016, the Pharmaceutical Distribution segment consists of two operating segments, including the operations of AmerisourceBergen Drug Corporation (ABDC) and AmerisourceBergen Specialty Group (ABSG), which distributes specialty drugs to their customers.
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