NYSE:ABCAmerisourceBergen Stock Price, Forecast & News

AmerisourceBergen's stock was trading at $84.96 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ABC stock has increased by 13.5% and is now trading at $96.39. 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 Wednesday, August 5th 2020. View our earnings forecast for AmerisourceBergen.

AmerisourceBergen will be holding an earnings conference call on Wednesday, August 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 Corp. (NYSE:ABC) posted its earnings results on Thursday, May, 7th. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.13. The company had revenue of $47.42 billion for the quarter, compared to analysts' expectations of $45.90 billion. AmerisourceBergen had a net margin of 0.85% and a return on equity of 48.85%. The business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $2.11 earnings per share. View AmerisourceBergen's earnings history.

AmerisourceBergen announced 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 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, February 13th. This is a boost from AmerisourceBergen's previous quarterly dividend of $0.40. View AmerisourceBergen's dividend history.

AmerisourceBergen updated 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 estimate of $7.57.

8 analysts have issued 1-year price objectives 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 9.2% from the stock's current price. View analysts' price targets for AmerisourceBergen.

Media headlines about ABC stock have been trending negative this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. AmerisourceBergen earned a media sentiment score of -2.3 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about AmerisourceBergen.

AmerisourceBergen saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,820,000 shares, a drop 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 stock 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 institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.15%), State of Alaska Department of Revenue (0.01%), Birch Capital Management LLC (0.01%), Deane Retirement Strategies Inc. (0.01%), Richard P Slaughter Associates Inc (0.01%) and Copperleaf Capital LLC (0.01%). 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, Fulton Bank N. A., Farmers Trust Co., Copperleaf Capital LLC, Birch Capital Management LLC, Deane Retirement Strategies Inc., and IBM Retirement Fund. 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.

ABC stock was bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Richard P Slaughter Associates Inc, Municipal Employees Retirement System of Michigan, Contravisory Investment Management Inc., Martin Capital Partners LLC, Foundations Investment Advisors LLC, State of Alaska Department of Revenue, and Mount Yale Investment Advisors LLC. 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 $96.39.

AmerisourceBergen has a market capitalization of $19.61 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]