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 17.1% and is now trading at $99.45. 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) announced its earnings results on Thursday, May, 7th. The company reported $2.40 earnings per share for the quarter, topping the Zacks' consensus estimate of $2.27 by $0.13. The company had revenue of $47.42 billion for the quarter, compared to analyst estimates of $45.90 billion. AmerisourceBergen had a return on equity of 48.85% and a net margin of 0.85%. The company's revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.11 earnings per share. View AmerisourceBergen's earnings history.

AmerisourceBergen declared a quarterly dividend on Thursday, January 30th. Investors of record on Friday, February 14th will be given 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 1.69%. The ex-dividend date 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 guidance of $7.35-7.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.57.

8 analysts have issued 12 month price objectives for AmerisourceBergen's shares. Their forecasts range from $98.00 to $112.00. On average, they anticipate AmerisourceBergen's share price to reach $105.25 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 stories about ABC stock have been trending very negative recently, InfoTrie reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. AmerisourceBergen earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about AmerisourceBergen.

AmerisourceBergen saw a decline in short interest in June. As of June 15th, there was short interest totaling 3,820,000 shares, a decline of 8.0% from the May 31st total of 4,150,000 shares. Based on an average daily volume of 1,790,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.6% of the company's shares are short sold. 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 a number of retail and institutional investors. Top institutional shareholders 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, Steven H Collis and Tim G Guttman. 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 $99.45.

AmerisourceBergen has a market capitalization of $20.23 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]