AmerisourceBergen - ABC Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AmerisourceBergen in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ABC shares.
View ABC analyst ratings or view top-rated stocks.

12 brokers have issued twelve-month price objectives for AmerisourceBergen's shares. Their ABC share price forecasts range from $162.00 to $199.00. On average, they predict the company's stock price to reach $176.25 in the next twelve months. This suggests a possible upside of 6.2% from the stock's current price.
View analysts price targets for ABC or view top-rated stocks among Wall Street analysts.

AmerisourceBergen's stock was trading at $165.71 at the beginning of 2023. Since then, ABC shares have increased by 0.1% and is now trading at $165.95.
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AmerisourceBergen saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 3,320,000 shares, a decline of 6.5% from the December 31st total of 3,550,000 shares. Based on an average daily trading volume, of 1,570,000 shares, the short-interest ratio is currently 2.1 days. Currently, 1.9% 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, February 1st 2023.
View our ABC earnings forecast.

AmerisourceBergen will be holding an earnings conference call on Wednesday, February 1st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "802410".

AmerisourceBergen Co. (NYSE:ABC) posted its earnings results on Thursday, November, 3rd. The company reported $2.60 EPS for the quarter, beating analysts' consensus estimates 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 trailing twelve-month return on equity of 444.46% and a net margin of 0.71%. The business's revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $2.39 earnings per share.
Read the conference call transcript.

AmerisourceBergen announced a quarterly dividend on Wednesday, November 2nd. Stockholders 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 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, November 10th. This is an increase 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 1.18%. 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 24.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABC will have a dividend payout ratio of 15.32% 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 EPS 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 institutional and retail investors. Top institutional shareholders include Coho Partners Ltd. (0.76%), Fort Washington Investment Advisors Inc. OH (0.51%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), Ardevora Asset Management LLP (0.15%), Scout Investments Inc. (0.12%) and Wedge Capital Management L L P NC (0.12%). 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, 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 $165.95.

AmerisourceBergen (NYSE:ABC) has a market capitalization of $34.13 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.