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. Since then, ABC stock has increased by 19.3% and is now trading at $101.38.
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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 Corp. (NYSE:ABC) issued its quarterly earnings data on Wednesday, August, 5th. The company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.58 by $0.27. The business earned $45.37 billion during the quarter, compared to analysts' expectations of $44.71 billion. AmerisourceBergen had a return on equity of 46.04% and a net margin of 0.84%. AmerisourceBergen's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.76 earnings per share.
View AmerisourceBergen's earnings history.

AmerisourceBergen announced a quarterly dividend on Thursday, August 6th. Stockholders 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 1.66%. The ex-dividend date 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 guidance of $7.80-7.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.45.

9 brokers have issued 1 year target prices for AmerisourceBergen's stock. 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 5.8% from the stock's current price.
View analysts' price targets for AmerisourceBergen.

Media coverage about ABC stock has been trending extremely negative on Thursday, InfoTrie reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. AmerisourceBergen earned a news sentiment score of -4.1 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days.
View the latest news about AmerisourceBergen.

AmerisourceBergen saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,590,000 shares, a decrease of 6.5% from the July 15th total of 3,840,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is presently 2.8 days. Currently, 2.5% 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), Intel (INTC), AbbVie (ABBV), Walt Disney (DIS), CVS Health (CVS), Netflix (NFLX), Pfizer (PFE), Alibaba Group (BABA), Cisco Systems (CSCO) and Mastercard (MA).

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 Bank of New York Mellon Corp (1.10%), Victory Capital Management Inc. (0.96%), Coho Partners Ltd. (0.79%), PNC Financial Services Group Inc. (0.45%), Morningstar Investment Services LLC (0.45%) and TimesSquare Capital Management LLC (0.34%). 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 First Trust Advisors LP, Ensign Peak Advisors Inc, Prudential Financial Inc., Morningstar Investment Services LLC, Candriam Luxembourg S.C.A., Thompson Siegel & Walmsley LLC, Victory Capital Management Inc., and Alberta Investment Management Corp. 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 acquired by a variety of institutional investors in the last quarter, including PNC Financial Services Group Inc., AJO LP, ANTIPODES PARTNERS Ltd, Cornerstone Investment Partners LLC, State of Wisconsin Investment Board, Hexavest Inc., Robeco Institutional Asset Management B.V., and Royal London Asset Management Ltd.. 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 $101.38.

AmerisourceBergen has a market capitalization of $20.62 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]