AmerisourceBergen Corp. (NYSE:ABC) Director Richard W. Gochnauer sold 2,000 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $96.54, for a total value of $193,080.00. Following the transaction, the director now directly owns 12,947 shares in the company, valued at approximately $1,249,903.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
AmerisourceBergen Corp. (NYSE:ABC) opened at $99.00 on Friday. AmerisourceBergen Corp. has a 12 month low of $71.90 and a 12 month high of $99.00. The company has a market capitalization of $21,402.57, a price-to-earnings ratio of 53.51, a PEG ratio of 1.67 and a beta of 0.99. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.83.
AmerisourceBergen (NYSE:ABC) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.01. AmerisourceBergen had a return on equity of 56.29% and a net margin of 0.27%. The business had revenue of $39.12 billion for the quarter, compared to analyst estimates of $40.10 billion. During the same quarter in the prior year, the company posted $1.30 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. sell-side analysts expect that AmerisourceBergen Corp. will post 6.19 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in ABC. Sun Life Financial INC lifted its stake in AmerisourceBergen by 15,000.0% during the 2nd quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock worth $114,000 after acquiring an additional 1,200 shares in the last quarter. D.A. Davidson & CO. lifted its stake in AmerisourceBergen by 29.0% during the 2nd quarter. D.A. Davidson & CO. now owns 1,668 shares of the company’s stock worth $157,000 after acquiring an additional 375 shares in the last quarter. Intl Fcstone Inc. acquired a new position in AmerisourceBergen during the 2nd quarter worth about $201,000. Pinnacle Associates Ltd. acquired a new position in AmerisourceBergen during the 2nd quarter worth about $203,000. Finally, Coastline Trust Co acquired a new position in AmerisourceBergen during the 2nd quarter worth about $203,000. 67.83% of the stock is currently owned by institutional investors and hedge funds.
ABC has been the topic of a number of recent research reports. Mizuho set a $92.00 price objective on AmerisourceBergen and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Zacks Investment Research lowered AmerisourceBergen from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Cowen raised AmerisourceBergen from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 10th. Robert W. Baird raised AmerisourceBergen from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $89.00 to $96.00 in a research note on Thursday, October 5th. Finally, Deutsche Bank initiated coverage on AmerisourceBergen in a research note on Monday, December 4th. They set a “buy” rating and a $97.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $95.96.
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AmerisourceBergen 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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