AmerisourceBergen - ABC Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AmerisourceBergen in the last year. 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.
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12 brokers have issued 12-month price targets 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 year. This suggests a possible upside of 7.4% from the stock's current price.
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AmerisourceBergen's stock was trading at $165.71 on January 1st, 2023. Since then, ABC shares have decreased by 0.9% and is now trading at $164.16.
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AmerisourceBergen saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 3,320,000 shares, a drop of 6.5% from the December 31st total of 3,550,000 shares. Based on an average daily volume of 1,570,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.9% of the shares of the company are sold short.
View AmerisourceBergen's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
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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) issued its earnings results on Thursday, November, 3rd. The company reported $2.60 earnings per share for the quarter, topping analysts' consensus estimates of $2.58 by $0.02. The company earned $61.17 billion during the quarter, compared to the consensus estimate of $60.56 billion. AmerisourceBergen had a trailing twelve-month return on equity of 444.46% and a net margin of 0.71%. AmerisourceBergen's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.39 earnings per share.
Read the conference call transcript.

AmerisourceBergen announced a quarterly dividend on Wednesday, November 2nd. Investors 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 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Thursday, November 10th. This is a positive change 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 issued an update on its FY 2023 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of $11.30-$11.60 for the period, compared to the consensus 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 many different institutional and retail investors. Top institutional investors include Coho Partners Ltd. (0.76%), Ardevora Asset Management LLP (0.15%), Scout Investments Inc. (0.12%), Wedge Capital Management L L P NC (0.12%), Assenagon Asset Management S.A. (0.10%) and Ferguson Wellman Capital Management Inc. (0.09%). 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 $164.16.

AmerisourceBergen (NYSE:ABC) has a market capitalization of $33.76 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.