News stories about AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded 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 gave media headlines about the company an impact score of 45.6098855327501 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- AmerisourceBergen Corporation (Holding Co) (ABC) Stock Rating Lowered by Morgan Stanley (americanbankingnews.com)
- Where AmerisourceBergen Corporation (ABC) Stands on ABR? – ExpressNewsline (expressnewsline.com)
- Netflix aims to build the next great Hollywood studio (chicagotribune.com)
- Netflix’s Sarandos Aims to Build the Next Great Hollywood Studio (bloomberg.com)
- Social Capital Hedosophia Holdings Corp. Announces Pricing of $600,000,000 Initial Public Offering (abc-7.com)
AmerisourceBergen Corporation (NYSE:ABC) opened at 81.60 on Friday. The firm’s 50-day moving average is $81.75 and its 200-day moving average is $87.67. AmerisourceBergen Corporation has a 52-week low of $68.38 and a 52-week high of $97.85. The firm has a market capitalization of $17.88 billion, a PE ratio of 21.26 and a beta of 0.95.
AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its earnings results on Thursday, August 3rd. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.37 by $0.06. The company had revenue of $38.71 billion for the quarter, compared to analyst estimates of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 EPS. On average, analysts anticipate that AmerisourceBergen Corporation will post $5.88 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st were given a dividend of $0.365 per share. The ex-dividend date was Thursday, August 17th. This represents a $1.46 annualized dividend and a dividend yield of 1.79%. AmerisourceBergen Corporation (Holding Co)’s payout ratio is currently 38.02%.
Several research firms have recently commented on ABC. Zacks Investment Research downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Mizuho increased their price target on shares of AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. Bank of America Corporation downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $95.76 to $94.00 in a report on Friday, June 30th. Leerink Swann set a $90.00 price target on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, Credit Suisse Group reissued a “buy” rating and set a $95.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $92.34.
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In other news, insider Peyton R. Howell sold 20,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $80.00, for a total transaction of $1,600,000.00. Following the completion of the transaction, the insider now owns 57,135 shares of the company’s stock, valued at approximately $4,570,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $94.76, for a total value of $1,421,400.00. Following the transaction, the chairman now directly owns 253,876 shares of the company’s stock, valued at approximately $24,057,289.76. The disclosure for this sale can be found here. Insiders have sold a total of 51,273 shares of company stock worth $4,323,237 over the last 90 days. 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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