AmerisourceBergen (ABC) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AmerisourceBergen in the last twelve months. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ABC shares.
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14 equities research analysts have issued 12-month price targets 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 $181.62 in the next year. This suggests a possible upside of 4.1% from the stock's current price.
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AmerisourceBergen's stock was trading at $165.71 at the start of the year. Since then, ABC stock has increased by 5.3% and is now trading at $174.52.
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AmerisourceBergen saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,180,000 shares, an increase of 24.5% from the April 30th total of 4,160,000 shares. Based on an average daily volume of 1,140,000 shares, the short-interest ratio is currently 4.5 days. Approximately 3.1% of the company's stock are short sold.
View AmerisourceBergen's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our ABC earnings forecast.

AmerisourceBergen Co. (NYSE:ABC) posted its quarterly earnings data on Tuesday, May, 2nd. The company reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $3.29 by $0.21. The company earned $63.46 billion during the quarter, compared to the consensus estimate of $60.40 billion. AmerisourceBergen had a net margin of 0.65% and a trailing twelve-month return on equity of 809.53%. The company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.22 earnings per share.
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AmerisourceBergen declared a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Friday, May 12th will be paid a dividend of $0.485 per share on Tuesday, May 30th. This represents a $1.94 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, May 11th.
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), AdvisorShares Focused Equity ETF (CWS), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), WBI BullBear Value 3000 ETF (WBIF), TrueMark ESG Active Opportunities ETF (ECOZ), Invesco Dynamic Market ETF (PWC) and Natixis Vaughan Nelson Mid Cap ETF (VNMC).

AmerisourceBergen (NYSE:ABC) pays an annual dividend of $1.94 per share and currently has a dividend yield of 1.12%. 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 24.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABC will have a dividend payout ratio of 15.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ABC.

AmerisourceBergen issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $11.70-$11.90 for the period, compared to the consensus EPS estimate of $11.63. The company issued revenue guidance of $252.90 billion-$257.67 billion, compared to the consensus revenue estimate of $252.03 billion.

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.44%), Price T Rowe Associates Inc. MD (5.07%), State Street Corp (3.67%), JPMorgan Chase & Co. (3.46%), Boston Partners (2.48%) and FMR LLC (2.18%). Insiders that own company stock include 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.
View institutional ownership trends.

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 $174.52.

AmerisourceBergen (NYSE:ABC) has a market capitalization of $35.34 billion and generates $238.59 billion in revenue each year. The company earns $1.70 billion in net income (profit) each year or $7.78 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.