NYSE:ABCAmerisourceBergen Stock Price, Forecast & 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 (WHO). Since then, ABC shares have increased by 17.8% and is now trading at $100.09. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AmerisourceBergen in the last year. There are currently 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, August 6th 2020. View our earnings forecast for AmerisourceBergen.

AmerisourceBergen Corp. (NYSE:ABC) released its earnings results on Thursday, May, 7th. The company reported $2.40 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $2.27 by $0.13. The business earned $47.42 billion during the quarter, compared to analyst estimates of $45.90 billion. AmerisourceBergen had a net margin of 0.85% and a return on equity of 48.85%. The firm's revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.11 EPS. View AmerisourceBergen's earnings history.

AmerisourceBergen declared a quarterly dividend on Thursday, January 30th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.42 per share on Monday, March 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, February 13th. This is an increase from AmerisourceBergen's previous quarterly dividend of $0.40. View AmerisourceBergen's dividend history.

AmerisourceBergen issued an update on its FY20 earnings guidance on Thursday, May, 7th. The company provided earnings per share (EPS) guidance of $7.35-7.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.57.

8 brokers have issued 12-month price targets for AmerisourceBergen's stock. Their forecasts range from $98.00 to $112.00. On average, they expect AmerisourceBergen's share price to reach $105.25 in the next year. This suggests a possible upside of 5.2% from the stock's current price. View analysts' price targets for AmerisourceBergen.

Press coverage about ABC stock has trended negative this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. AmerisourceBergen earned a coverage optimism score of -2.4 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about AmerisourceBergen.

AmerisourceBergen saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 3,820,000 shares, a decrease of 8.0% from the May 31st total of 4,150,000 shares. Based on an average daily trading volume, of 1,790,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.6% of the company's shares are sold short. View AmerisourceBergen's Current Options Chain.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other AmerisourceBergen investors own include Intel (INTC), Walt Disney (DIS), AbbVie (ABBV), CVS Health (CVS), Cisco Systems (CSCO), NVIDIA (NVDA), Netflix (NFLX), Pfizer (PFE), JPMorgan Chase & Co. (JPM) and Gilead Sciences (GILD).

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

AmerisourceBergen's stock is owned by many different retail and institutional investors. Top institutional investors include Birch Capital Management LLC (0.01%) and Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%). 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 Nelson Van Denburg & Campbell Wealth Management Group LLC, and Birch Capital Management LLC. Company insiders that have sold AmerisourceBergen company stock in the last year include Gina Clark, Henry Wadsworth Mcgee III, 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.

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 $100.09.

AmerisourceBergen has a market capitalization of $20.36 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]