Media stories about AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) have been trending somewhat positive on Sunday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AmerisourceBergen Corporation (Holding Co) earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.5854671925557 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- AmerisourceBergen Corp. breached its 50 day moving average in a Bullish Manner : ABC-US : November 17, 2017 (finance.yahoo.com)
- UPDATE 1-Trump administration proposes Medicare rules aimed at opioids, drug costs (ESRX, ABC, MCK) (markets.businessinsider.com)
- Opinion: Cardinal Health’s Rising Dividends Make It Attractive – Benzinga (benzinga.com)
- AmerisourceBergen Corporation (Holding Co) (ABC) Ex-Dividend Date Scheduled … (nasdaq.com)
AmerisourceBergen Corporation (ABC) traded down $1.08 during trading hours on Friday, reaching $78.84. The company had a trading volume of 2,189,355 shares, compared to its average volume of 2,639,329. The firm has a market capitalization of $17,274.71, a price-to-earnings ratio of 13.39, a PEG ratio of 1.37 and a beta of 0.95. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.62. AmerisourceBergen Corporation has a fifty-two week low of $71.90 and a fifty-two week high of $97.85.
AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.01. AmerisourceBergen Corporation (Holding Co) had a return on equity of 55.99% and a net margin of 0.27%. The firm had revenue of $39.12 billion for the quarter, compared to analyst estimates of $40.10 billion. During the same period last year, the firm posted $1.30 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts anticipate that AmerisourceBergen Corporation will post 6.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from AmerisourceBergen Corporation (Holding Co)’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, November 17th. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is 82.16%.
Several equities research analysts have recently commented on the company. Leerink Swann set a $90.00 price objective on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a report on Monday, August 7th. TheStreet downgraded AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a report on Thursday, August 3rd. BidaskClub downgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Jefferies Group LLC set a $85.00 price objective on AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a report on Sunday, October 29th. Finally, UBS AG cut their price objective on AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $90.94.
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In other news, CFO Tim G. Guttman sold 11,600 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $79.47, for a total transaction of $921,852.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Steven H. Collis sold 15,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $79.92, for a total value of $1,198,800.00. Following the transaction, the chairman now owns 253,876 shares of the company’s stock, valued at $20,289,769.92. The disclosure for this sale can be found here. Insiders have sold 99,211 shares of company stock valued at $7,717,919 over the last 90 days. 27.40% of the stock is owned by corporate insiders.
About AmerisourceBergen Corporation (Holding Co)
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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