AmerisourceBergen - ABC Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AmerisourceBergen in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ABC shares.
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13 Wall Street research analysts have issued 1 year target prices for AmerisourceBergen's stock. Their ABC share price forecasts range from $169.00 to $201.00. On average, they predict the company's stock price to reach $180.08 in the next twelve months. This suggests a possible upside of 18.5% from the stock's current price.
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AmerisourceBergen's stock was trading at $165.71 at the beginning of the year. Since then, ABC shares have decreased by 8.3% and is now trading at $152.02.
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AmerisourceBergen saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 3,310,000 shares, an increase of 10.0% from the February 13th total of 3,010,000 shares. Based on an average daily trading volume, of 1,400,000 shares, the short-interest ratio is currently 2.4 days. Approximately 2.0% of the shares of the company are short sold.
View AmerisourceBergen's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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AmerisourceBergen Co. (NYSE:ABC) released its quarterly earnings results on Wednesday, February, 1st. The company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.09. The business earned $62.85 billion during the quarter, compared to analysts' expectations of $62.77 billion. AmerisourceBergen had a net margin of 0.72% and a trailing twelve-month return on equity of 597.57%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $2.58 EPS.
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AmerisourceBergen declared a quarterly dividend on Wednesday, February 1st. Shareholders of record on Friday, February 10th will be given a dividend of $0.485 per share on Monday, February 27th. This represents a $1.94 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, February 9th.
Read our dividend analysis for ABC.

ETFs with the largest weight of AmerisourceBergen (NYSE:ABC) stock in their portfolio include VanEck Pharmaceutical ETF (PPH), First Trust Consumer Staples AlphaDEX Fund (FXG), Hennessy Stance ESG Large Cap ETF (STNC), AdvisorShares Focused Equity ETF (CWS), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), TrueMark ESG Active Opportunities ETF (ECOZ), Invesco Dynamic Market ETF (PWC) and BlackRock Future Health ETF (BMED).

AmerisourceBergen (NYSE:ABC) pays an annual dividend of $1.94 per share and currently has a dividend yield of 1.28%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 23.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABC will have a dividend payout ratio of 15.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ABC.

AmerisourceBergen updated its FY 2023 earnings guidance on Wednesday, February, 1st. The company provided earnings per share (EPS) guidance of $11.50-$11.75 for the period, compared to the consensus EPS estimate of $11.51. The company issued revenue guidance of -.

447 employees have rated AmerisourceBergen Chief Executive Officer Steve Collis on Glassdoor.com. Steve Collis has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other AmerisourceBergen investors own include NVIDIA (NVDA), Intel (INTC), AbbVie (ABBV), Walt Disney (DIS), CVS Health (CVS), Johnson & Johnson (JNJ), AT&T (T), JPMorgan Chase & Co. (JPM), Home Depot (HD) and Pfizer (PFE).

AmerisourceBergen trades on the New York Stock Exchange (NYSE) under the ticker symbol "ABC."

AmerisourceBergen's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (3.22%), Boston Partners (2.53%), Price T Rowe Associates Inc. MD (2.06%), Geode Capital Management LLC (1.61%), Bessemer Group Inc. (1.31%) and Morgan Stanley (1.27%). Insiders that own company stock include Dermot Mark Durcan, Elizabeth S Campbell, Gina Clark, Henry Wadsworth Mcgee III, Jane E Md Henney, John G Chou, John G Chou, Lazarus Krikorian, Leslie E Donato, Robert P Mauch, Silvana Battaglia, Steven H Collis and Walgreens Boots Alliance, Inc.
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Shares of ABC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ABC stock can currently be purchased for approximately $152.02.

AmerisourceBergen (NYSE:ABC) has a market capitalization of $30.75 billion and generates $238.59 billion in revenue each year. The company earns $1.70 billion in net income (profit) each year or $8.24 on an earnings per share basis.

The company employs 44,000 workers across the globe.

AmerisourceBergen's mailing address is 1300 MORRIS DRIVE, CHESTERBROOK PA, 19087. The official website for the company is www.amerisourcebergen.com. The company can be reached via phone at (610) 727-7000, via email at investorrelations@amerisourcebergen.com, or via fax at 800-640-5221.