AmerisourceBergen Stock Forecast, Price & News

AmerisourceBergen's stock was trading at $84.96 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ABC stock has increased by 14.0% and is now trading at $96.83.
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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.

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

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

AmerisourceBergen declared a quarterly dividend on Thursday, August 6th. Investors of record on Monday, August 17th will be given a dividend of $0.42 per share on Tuesday, September 1st. This represents a $1.68 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Friday, August 14th.
View AmerisourceBergen's dividend history.

AmerisourceBergen updated its FY20 earnings guidance on Wednesday, August, 5th. The company provided earnings per share (EPS) guidance of $7.80-7.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.45.

9 analysts have issued 12-month price targets for AmerisourceBergen's stock. Their forecasts range from $88.00 to $121.00. On average, they expect AmerisourceBergen's stock price to reach $107.22 in the next year. This suggests a possible upside of 10.7% from the stock's current price.
View analysts' price targets for AmerisourceBergen.

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

Some companies that are related to AmerisourceBergen include McKesson (MCK), Cardinal Health (CAH), Henry Schein (HSIC), Patterson Companies (PDCO) and Owens & Minor (OMI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other AmerisourceBergen investors own include NVIDIA (NVDA), AbbVie (ABBV), Intel (INTC), Walt Disney (DIS), CVS Health (CVS), Netflix (NFLX), AT&T (T), Pfizer (PFE), Home Depot (HD) and Verizon Communications (VZ).

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 Vanguard Group Inc. (8.89%), FMR LLC (1.67%), FIL Ltd (1.55%), Bank of New York Mellon Corp (1.10%), Victory Capital Management Inc. (0.96%) and AQR Capital Management LLC (0.95%). 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 FMR LLC, Holocene Advisors LP, Vanguard Group Inc., First Trust Advisors LP, Ensign Peak Advisors Inc, Prudential Financial Inc., Skandinaviska Enskilda Banken AB publ, and Two Sigma Advisers LP. Company insiders that have sold AmerisourceBergen company stock in the last year include Gina Clark, 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.

ABC stock was purchased by a variety of institutional investors in the last quarter, including FIL Ltd, PNC Financial Services Group Inc., AQR Capital Management LLC, Bank of America Corp DE, AJO LP, ANTIPODES PARTNERS Ltd, Great West Life Assurance Co. Can, and Cornerstone Investment Partners LLC. Company insiders that have bought AmerisourceBergen stock in the last two years include Dermot Mark Durcan, and James F Cleary Jr.
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 $96.83.

AmerisourceBergen has a market capitalization of $19.77 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]