AmerisourceBergen - ABC Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AmerisourceBergen in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ABC shares.
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12 brokerages have issued 1-year target prices for AmerisourceBergen's shares. Their ABC share price forecasts range from $162.00 to $195.00. On average, they expect the company's stock price to reach $174.25 in the next twelve months. This suggests a possible upside of 2.1% from the stock's current price.
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AmerisourceBergen's stock was trading at $132.89 at the beginning of the year. Since then, ABC stock has increased by 28.4% and is now trading at $170.69.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
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AmerisourceBergen Co. (NYSE:ABC) issued its quarterly earnings results on Thursday, November, 3rd. The company reported $2.60 EPS for the quarter, beating the consensus estimate of $2.58 by $0.02. The company had revenue of $61.17 billion for the quarter, compared to analyst estimates of $60.56 billion. AmerisourceBergen had a net margin of 0.71% and a trailing twelve-month return on equity of 444.46%. AmerisourceBergen's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.39 earnings per share.
Read the conference call transcript.

AmerisourceBergen declared a quarterly dividend on Wednesday, November 2nd. Investors of record on Monday, November 14th will be paid a dividend of $0.485 per share on Monday, November 28th. This represents a $1.94 annualized dividend and a yield of 1.14%. The ex-dividend date is Thursday, November 10th. This is a positive change from the stock's previous quarterly dividend of $0.46.
Read our dividend analysis for ABC.

AmerisourceBergen (NYSE:ABC) pays an annual dividend of $1.94 per share and currently has a dividend yield of 1.16%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABC will have a dividend payout ratio of 15.40% 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 Thursday, November, 10th. The company provided earnings per share guidance of $11.30-$11.60 for the period, compared to the consensus estimate of $11.45. The company issued revenue guidance of $250.52 billion-$255.29 billion, compared to the consensus revenue estimate of $248.28 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 a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.34%), BlackRock Inc. (8.19%), State Street Corp (3.40%), Boston Partners (2.43%), Coho Partners Ltd. (0.74%) and First Trust Advisors LP (0.65%). 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, Kathleen W Hyle, Kathy H Gaddes, Lazarus Krikorian, 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 $170.69.

AmerisourceBergen (NYSE:ABC) has a market capitalization of $35.11 billion and generates $238.59 billion in revenue each year. The company earns $1.70 billion in net income (profit) each year or $8.04 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.