AmerisourceBergen Corporation (Holding Co) (ABC) Receives $91.14 Consensus PT from Analysts
Shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) have been given a consensus recommendation of “Buy” by the seventeen brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $91.95.
A number of brokerages recently weighed in on ABC. Deutsche Bank began coverage on shares of AmerisourceBergen in a research report on Monday. They issued a “buy” rating and a $97.00 price target on the stock. Robert W. Baird set a $99.00 target price on AmerisourceBergen and gave the stock a “buy” rating in a research note on Friday, December 1st. Needham & Company LLC increased their target price on AmerisourceBergen from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. ValuEngine raised AmerisourceBergen from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Jefferies Group set a $85.00 target price on AmerisourceBergen and gave the stock a “hold” rating in a research note on Sunday, October 29th.
In related news, EVP Peyton R. Howell sold 9,423 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $85.80, for a total value of $808,493.40. Following the completion of the transaction, the executive vice president now directly owns 57,412 shares of the company’s stock, valued at $4,925,949.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dale Danilewitz sold 1,857 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $74.69, for a total transaction of $138,699.33. The disclosure for this sale can be found here. Insiders sold 165,407 shares of company stock valued at $13,310,758 over the last three months. 27.40% of the stock is owned by company insiders.
AmerisourceBergen (NYSE:ABC) traded up $0.10 during trading on Friday, reaching $85.99. 1,524,773 shares of the company’s stock were exchanged, compared to its average volume of 1,796,555. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83. AmerisourceBergen has a 52 week low of $71.90 and a 52 week high of $97.85. The firm has a market cap of $19,064.73, a P/E ratio of 14.84, a PEG ratio of 1.52 and a beta of 1.00.
AmerisourceBergen (NYSE:ABC) last released its earnings results on Thursday, November 2nd. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.01. The company had revenue of $39.12 billion for the quarter, compared to the consensus estimate of $40.10 billion. AmerisourceBergen had a net margin of 0.27% and a return on equity of 56.29%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 EPS. research analysts expect that AmerisourceBergen will post 6.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 20th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 17th. This is a boost from AmerisourceBergen’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a dividend yield of 1.77%. AmerisourceBergen’s dividend payout ratio (DPR) is currently 82.16%.
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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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