NYSE:ABC

AmerisourceBergen Stock Forecast, Price & News

$97.58

+0.78 (+0.81 %)

(As of 09/28/2020 12:00 AM ET)

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Today's Range

$96.79

Now: $97.58▼

$98.76

50-Day Range

$94.08

MA: $97.90▼

$103.75

52-Week Range

$72.06

Now: $97.58▼

$106.45

Volume680,222 shs

Average Volume1.40 million shs

Market Capitalization$19.92 billion

P/E Ratio12.87

Dividend Yield1.74%

Beta0.55

AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers. It also provides pharmacy management, staffing, and other consulting services; supply management software to retail and institutional healthcare providers; and packaging solutions to various institutional and retail healthcare providers. In addition, this segment distributes plasma and other blood products, injectable pharmaceuticals, vaccines, and other specialty products; provides other services primarily to physicians who specialize in various disease states, primarily oncology, as well as to other healthcare providers, including hospitals and dialysis clinics; and offers data analytics, outcomes research, and additional services for biotechnology and pharmaceutical manufacturers. The company's Other segment provides integrated manufacturer services, such as clinical trial support, product post-approval, and commercialization support; offers specialty transportation and logistics services for the biopharmaceutical industry; and sells pharmaceuticals, vaccines, parasiticides, diagnostics, micro feed ingredients, and various other products to customers in both the companion animal and production animal markets, as well as provides demand-creating sales force services to manufacturers. AmerisourceBergen Corporation was founded in 1985 and is headquartered in Chesterbrook, Pennsylvania.

Beat the Market (BTM) Rank^™

1.3 Analyst's Opinion

Consensus Rating
AmerisourceBergen has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 6 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $107.22, AmerisourceBergen has a forecasted upside of 9.9% from its current price of $97.58.
Amount of Analyst Coverage
AmerisourceBergen has only been the subject of 4 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
AmerisourceBergen has received 673 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
AmerisourceBergen has received 681 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
AmerisourceBergen has received 50.30% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about AmerisourceBergen and other stocks. Vote “Outperform” if you believe ABC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ABC will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
AmerisourceBergen pays a meaningful dividend of 1.74%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
AmerisourceBergen has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of AmerisourceBergen is 23.70%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, AmerisourceBergen will have a dividend payout ratio of 20.05% next year. This indicates that AmerisourceBergen will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, AmerisourceBergen insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,792,779.00 in company stock.
Percentage Held by Insiders
Only 28.30% of the stock of AmerisourceBergen is held by insiders.
Percentage Held by Institutions
64.09% of the stock of AmerisourceBergen is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for AmerisourceBergen are expected to grow by 6.48% in the coming year, from $7.87 to $8.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of AmerisourceBergen is 12.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of AmerisourceBergen is 12.87, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 26.97.
Price to Earnings Growth Ratio
AmerisourceBergen has a PEG Ratio of 1.64. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
AmerisourceBergen has a P/B Ratio of 6.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.83 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Drugs, proprietaries, & sundries

Sub-IndustryHealth Care Distributors

SectorMedical

Current SymbolNYSE:ABC

Previous Symbol

CUSIP03073E10

CIK1140859

Webwww.amerisourcebergen.com

Phone610-727-7000

Debt

Debt-to-Equity Ratio0.91

Current Ratio0.98

Quick Ratio0.59

Price-To-Earnings

Trailing P/E Ratio12.87

Forward P/E Ratio12.40

P/E Growth1.64

Sales & Book Value

Annual Sales$179.59 billion

Price / Sales0.11

Cash Flow$9.75 per share

Price / Cash Flow10.01

Book Value$14.48 per share

Price / Book6.74

Profitability

EPS (Most Recent Fiscal Year)$7.09

Net Income$855.36 million

Net Margins0.84%

Return on Equity46.04%

Return on Assets3.90%

Miscellaneous

Employees22,000

Outstanding Shares204,142,000

Market Cap$19.92 billion

Next Earnings Date11/5/2020 (Estimated)

OptionableOptionable

$97.58

+0.78 (+0.81 %)

(As of 09/28/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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AmerisourceBergen (NYSE:ABC) Frequently Asked Questions

How has AmerisourceBergen's stock price been impacted by Coronavirus?

AmerisourceBergen's stock was trading at $84.96 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ABC shares have increased by 14.9% and is now trading at $97.58.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of AmerisourceBergen?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AmerisourceBergen in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for AmerisourceBergen.

When is AmerisourceBergen's next earnings date?

AmerisourceBergen is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for AmerisourceBergen.

How were AmerisourceBergen's earnings last quarter?

AmerisourceBergen Corp. (NYSE:ABC) issued its quarterly earnings data on Wednesday, August, 5th. The company reported $1.85 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.58 by $0.27. The firm earned $45.37 billion during the quarter, compared to analyst estimates of $44.71 billion. AmerisourceBergen had a return on equity of 46.04% and a net margin of 0.84%. AmerisourceBergen's revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 EPS.
View AmerisourceBergen's earnings history.

How often does AmerisourceBergen pay dividends? What is the dividend yield for AmerisourceBergen?

AmerisourceBergen declared a quarterly dividend on Thursday, August 6th. Investors of record on Monday, August 17th will be paid a dividend of $0.42 per share on Tuesday, September 1st. This represents a $1.68 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, August 14th.
View AmerisourceBergen's dividend history.

What guidance has AmerisourceBergen issued on next quarter's earnings?

AmerisourceBergen issued an update on its FY20 earnings guidance on Wednesday, August, 5th. The company provided EPS guidance of $7.80-7.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.45.

What price target have analysts set for ABC?

9 Wall Street analysts have issued 12-month price objectives for AmerisourceBergen's shares. Their forecasts range from $88.00 to $121.00. On average, they anticipate AmerisourceBergen's share price to reach $107.22 in the next twelve months. This suggests a possible upside of 9.9% from the stock's current price.
View analysts' price targets for AmerisourceBergen.

Are investors shorting AmerisourceBergen?

AmerisourceBergen saw a drop in short interest in August. As of August 31st, there was short interest totaling 3,320,000 shares, a drop of 11.7% from the August 15th total of 3,760,000 shares. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is presently 3.3 days. Currently, 2.3% of the shares of the company are short sold.
View AmerisourceBergen's Short Interest.

Who are some of AmerisourceBergen's key competitors?

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.

What other stocks do shareholders of AmerisourceBergen own?

Based on aggregate information from My MarketBeat watchlists, some companies that other AmerisourceBergen investors own include NVIDIA (NVDA), Intel (INTC), AbbVie (ABBV), CVS Health (CVS), Walt Disney (DIS), AT&T (T), Pfizer (PFE), Netflix (NFLX), Cisco Systems (CSCO) and Verizon Communications (VZ).

Who are AmerisourceBergen's key executives?

AmerisourceBergen's management team includes the following people:

Mr. Steven H. Collis, Chairman, Pres & CEO (Age 58)
Mr. James F. Cleary Jr., CFO & Exec. VP (Age 56)
Mr. John G. Chou, Exec. VP and Chief Legal & Bus. Officer (Age 63)
Dr. Robert P. Mauch PharmD, Ph.D., Exec. VP & Group Pres (Age 52)
Mr. Dale B. Danilewitz, Exec. VP & Chief Information Officer (Age 57)

What is AmerisourceBergen's stock symbol?

AmerisourceBergen trades on the New York Stock Exchange (NYSE) under the ticker symbol "ABC."

How do I buy shares of 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.

What is AmerisourceBergen's stock price today?

One share of ABC stock can currently be purchased for approximately $97.58.

How big of a company is AmerisourceBergen?

AmerisourceBergen has a market capitalization of $19.92 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.

What is AmerisourceBergen's official website?

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

How can I contact AmerisourceBergen?

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]

This page was last updated on 9/29/2020 by MarketBeat.com Staff

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