AmerisourceBergen - ABC Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AmerisourceBergen in the last twelve months. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ABC shares.
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13 brokers have issued 1 year price objectives for AmerisourceBergen's stock. Their ABC share price forecasts range from $169.00 to $201.00. On average, they anticipate the company's share price to reach $180.08 in the next twelve months. This suggests a possible upside of 13.8% 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 shares have decreased by 4.5% and is now trading at $158.19.
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AmerisourceBergen saw a increase in short interest in 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 trading volume of 1,400,000 shares, the short-interest ratio is currently 2.4 days. Currently, 2.0% of the shares of the stock 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 earnings results on Wednesday, February, 1st. The company reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.09. The company had revenue of $62.85 billion for the quarter, compared to the consensus estimate of $62.77 billion. AmerisourceBergen had a net margin of 0.72% and a trailing twelve-month return on equity of 597.57%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.58 earnings per share.
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AmerisourceBergen declared a quarterly dividend on Wednesday, February 1st. Stockholders of record on Friday, February 10th will be paid a dividend of $0.485 per share on Monday, February 27th. This represents a $1.94 dividend on an annualized basis and a yield of 1.23%. 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), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), First Trust Consumer Staples AlphaDEX Fund (FXG), Hennessy Stance ESG Large Cap ETF (STNC), AdvisorShares Focused Equity ETF (CWS), Natixis Vaughan Nelson Mid Cap ETF (VNMC), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) and TrueMark ESG Active Opportunities ETF (ECOZ).

AmerisourceBergen (NYSE:ABC) pays an annual dividend of $1.94 per share and currently has a dividend yield of 1.24%. 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 EPS guidance of $11.50-$11.75 for the period, compared to the consensus earnings per share 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 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 $158.19.

AmerisourceBergen (NYSE:ABC) has a market capitalization of $32.00 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.