NYSE:ABCAmerisourceBergen Stock Price, Forecast & News

AmerisourceBergen's stock was trading at $84.96 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ABC shares have increased by 17.8% and is now trading at $100.09. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AmerisourceBergen in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for AmerisourceBergen.

AmerisourceBergen is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for AmerisourceBergen.

AmerisourceBergen Corp. (NYSE:ABC) announced its earnings results on Thursday, May, 7th. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.13. The firm had revenue of $47.42 billion for the quarter, compared to analyst estimates of $45.90 billion. AmerisourceBergen had a return on equity of 48.85% and a net margin of 0.85%. The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.11 earnings per share. View AmerisourceBergen's earnings history.

AmerisourceBergen declared a quarterly dividend on Thursday, January 30th. Investors of record on Friday, February 14th will be paid a dividend of $0.42 per share on Monday, March 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, February 13th. This is a positive change from AmerisourceBergen's previous quarterly dividend of $0.40. View AmerisourceBergen's dividend history.

AmerisourceBergen updated its FY20 earnings guidance on Thursday, May, 7th. The company provided EPS guidance of $7.35-7.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.57.

8 equities research analysts have issued 1 year price targets for AmerisourceBergen's shares. Their forecasts range from $98.00 to $112.00. On average, they expect AmerisourceBergen's stock price to reach $105.25 in the next year. This suggests a possible upside of 5.2% from the stock's current price. View analysts' price targets for AmerisourceBergen.

Headlines about ABC stock have been trending negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. AmerisourceBergen earned a daily sentiment score of -2.2 on InfoTrie's scale. They also gave news stories about the company a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company's share price in the near future. View the latest news about AmerisourceBergen.

AmerisourceBergen saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,820,000 shares, a drop of 8.0% from the May 31st total of 4,150,000 shares. Based on an average daily trading volume, of 1,790,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.6% of the company's stock are short sold. View AmerisourceBergen's Current Options Chain.

Some companies that are related to AmerisourceBergen include McKesson (MCK), Cardinal Health (CAH), Henry Schein (HSIC), Patterson Companies (PDCO) and Owens & Minor (OMI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other AmerisourceBergen investors own include Intel (INTC), Walt Disney (DIS), AbbVie (ABBV), CVS Health (CVS), Cisco Systems (CSCO), NVIDIA (NVDA), Netflix (NFLX), Pfizer (PFE), JPMorgan Chase & Co. (JPM) and Gilead Sciences (GILD).

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 Birch Capital Management LLC (0.01%) and Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%). Company insiders that own AmerisourceBergen stock include Dale Danilewitz, Dermot Mark Durcan, Gina Clark, Henry Wadsworth Mcgee III, James F Cleary Jr, Jane E Md Henney, John G Chou, Kathleen W Hyle, Kathy H Gaddes, Lazarus Krikorian, Richard W Gochnauer, Robert P Mauch and Steven H Collis. View institutional ownership trends for AmerisourceBergen.

ABC stock was sold by a variety of institutional investors in the last quarter, including Nelson Van Denburg & Campbell Wealth Management Group LLC, and Birch Capital Management LLC. Company insiders that have sold AmerisourceBergen company stock in the last year include Gina Clark, Henry Wadsworth Mcgee III, Jane E Md Henney, John G Chou, Kathleen W Hyle, Kathy H Gaddes, Lazarus Krikorian, Robert P Mauch, and Steven H Collis. View insider buying and selling activity for AmerisourceBergen.

Shares of ABC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ABC stock can currently be purchased for approximately $100.09.

AmerisourceBergen has a market capitalization of $20.36 billion and generates $179.59 billion in revenue each year. The company earns $855.36 million in net income (profit) each year or $7.09 on an earnings per share basis. AmerisourceBergen employs 22,000 workers across the globe.

The official website for AmerisourceBergen is www.amerisourcebergen.com.

AmerisourceBergen's mailing address is 1300 MORRIS DRIVE, CHESTERBROOK PA, 19087. The company can be reached via phone at 610-727-7000 or via email at [email protected]