AmerisourceBergen (ABC) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AmerisourceBergen in the last twelve months. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ABC shares.
View ABC analyst ratings or view top-rated stocks.

14 brokers have issued twelve-month target prices for AmerisourceBergen's stock. Their ABC share price forecasts range from $169.00 to $201.00. On average, they predict the company's stock price to reach $181.62 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price.
View analysts price targets for ABC or view top-rated stocks among Wall Street analysts.

AmerisourceBergen's stock was trading at $165.71 at the start of the year. Since then, ABC shares have increased by 4.2% and is now trading at $172.60.
View the best growth stocks for 2023 here.

AmerisourceBergen saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,180,000 shares, an increase of 24.5% from the April 30th total of 4,160,000 shares. Based on an average daily volume of 1,140,000 shares, the days-to-cover ratio is presently 4.5 days. Currently, 3.1% of the company's stock are short sold.
View AmerisourceBergen's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our ABC earnings forecast.

AmerisourceBergen Co. (NYSE:ABC) issued its quarterly earnings results on Tuesday, May, 2nd. The company reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $3.29 by $0.21. The business had revenue of $63.46 billion for the quarter, compared to analysts' expectations of $60.40 billion. AmerisourceBergen had a net margin of 0.65% and a trailing twelve-month return on equity of 809.53%. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.22 earnings per share.
Read the conference call transcript.

AmerisourceBergen declared a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Friday, May 12th will be paid a dividend of $0.485 per share on Tuesday, May 30th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, May 11th.
Read our dividend analysis for ABC.

ETFs with the largest weight of AmerisourceBergen (NYSE:ABC) stock in their portfolio include VanEck Pharmaceutical ETF (PPH), First Trust Consumer Staples AlphaDEX Fund (FXG), AdvisorShares Focused Equity ETF (CWS), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), WBI BullBear Value 3000 ETF (WBIF), TrueMark ESG Active Opportunities ETF (ECOZ), Invesco Dynamic Market ETF (PWC) and Natixis Vaughan Nelson Mid Cap ETF (VNMC).

AmerisourceBergen (NYSE:ABC) pays an annual dividend of $1.94 per share and currently has a dividend yield of 1.14%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABC will have a dividend payout ratio of 15.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ABC.

AmerisourceBergen updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $11.70-$11.90 for the period, compared to the consensus EPS estimate of $11.63. The company issued revenue guidance of $252.90 billion-$257.67 billion, compared to the consensus revenue estimate of $252.03 billion.

447 employees have rated AmerisourceBergen Chief Executive Officer Steve Collis on Glassdoor.com. Steve Collis has an approval rating of 83% among the company's employees.

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), 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 investors include BlackRock Inc. (8.44%), Price T Rowe Associates Inc. MD (5.07%), State Street Corp (3.67%), JPMorgan Chase & Co. (3.46%), Boston Partners (2.48%) and FMR LLC (2.18%). Insiders that own company stock include Elizabeth S Campbell, Gina Clark, Henry Wadsworth Mcgee III, Jane E Md Henney, John G Chou, John G Chou, Lazarus Krikorian, Leslie E Donato, Robert P Mauch, Silvana Battaglia, Steven H Collis and Walgreens Boots Alliance, Inc.
View institutional ownership trends.

Shares of ABC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ABC stock can currently be purchased for approximately $172.60.

AmerisourceBergen (NYSE:ABC) has a market capitalization of $34.95 billion and generates $238.59 billion in revenue each year. The company earns $1.70 billion in net income (profit) each year or $7.78 on an earnings per share basis.

The company employs 44,000 workers across the globe.

AmerisourceBergen's mailing address is 1300 MORRIS DRIVE, CHESTERBROOK PA, 19087. The official website for the company is www.amerisourcebergen.com. The company can be reached via phone at (610) 727-7000, via email at investorrelations@amerisourcebergen.com, or via fax at 800-640-5221.