AmerisourceBergen Stock Forecast, Price & News

AmerisourceBergen's stock was trading at $84.96 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ABC stock has increased by 17.0% and is now trading at $99.38.
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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 will be holding an earnings conference call on Thursday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

AmerisourceBergen Co. (NYSE:ABC) posted its quarterly earnings results on Wednesday, August, 5th. The company reported $1.85 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.58 by $0.27. The business had revenue of $45.37 billion for the quarter, compared to the consensus estimate of $44.71 billion. AmerisourceBergen had a return on equity of 46.04% and a net margin of 0.84%. The company's revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the company earned $1.76 EPS.
View AmerisourceBergen's earnings history.

AmerisourceBergen declared a quarterly dividend on Thursday, August 6th. Shareholders 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 dividend on an annualized basis and a yield of 1.69%. 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 EPS guidance of $7.80-7.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.45.

9 equities research analysts have issued 1 year price targets for AmerisourceBergen's shares. Their forecasts range from $88.00 to $121.00. On average, they anticipate AmerisourceBergen's stock price to reach $107.22 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price.
View analysts' price targets for AmerisourceBergen.

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), Intel (INTC), AbbVie (ABBV), The 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 shareholders include PGGM Investments (0.17%), Envestnet Asset Management Inc. (0.15%), Wedge Capital Management L L P NC (0.14%), Standard Life Aberdeen plc (0.08%), Adams Diversified Equity Fund Inc. (0.08%) and DNB Asset Management AS (0.06%). 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 Wedge Capital Management L L P NC, Pacer Advisors Inc., Redpoint Investment Management Pty Ltd, CWM LLC, Hexavest Inc., USA Financial Portformulas Corp, Envestnet Asset Management Inc., and Nisa Investment Advisors LLC. 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 bought by a variety of institutional investors in the last quarter, including Adams Diversified Equity Fund Inc., Denali Advisors LLC, AMJ Financial Wealth Management, Exane Derivatives, Exane Derivatives, Assenagon Asset Management S.A., Bowling Portfolio Management LLC, and CX Institutional. 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 $99.38.

AmerisourceBergen has a market capitalization of $20.29 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]