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 9.6% and is now trading at $93.14. 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 3 hold ratings and 5 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 (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.13. The business had revenue of $47.42 billion for 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 for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 dividend yield of 1.80%. 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 issued an update on its FY20 earnings guidance on Thursday, May, 7th. The company provided EPS guidance of $7.35-7.65 for the period, compared to the Thomson Reuters consensus estimate of $7.57.

8 analysts have issued twelve-month target prices for AmerisourceBergen's stock. Their forecasts range from $94.00 to $112.00. On average, they expect AmerisourceBergen's share price to reach $103.00 in the next year. This suggests a possible upside of 10.6% from the stock's current price. View analysts' price targets for AmerisourceBergen.

Media headlines about ABC stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news 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 news impact score of 1.4 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutAmerisourceBergen.

AmerisourceBergen saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 3,830,000 shares, a decrease of 10.1% from the April 30th total of 4,260,000 shares. Based on an average daily trading volume, of 1,940,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.6% of the shares of the company 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.53%), State Street Corp (3.46%), JPMorgan Chase & Co. (2.38%), Geode Capital Management LLC (1.19%), Bank of New York Mellon Corp (1.11%) and Victory Capital Management Inc. (0.98%). Company insiders that own AmerisourceBergen stock include Dale Danilewitz, Dermot Mark Durcan, Gina Clark, Henry Wadsworth Mcgee III, James F Cleary Jr, 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 Franklin Resources Inc., Victory Capital Management Inc., Victory Capital Management Inc., BlackRock Inc., Schroder Investment Management Group, APG Asset Management N.V., Morgan Stanley, and Massachusetts Financial Services Co. MA. Company insiders that have sold AmerisourceBergen company stock in the last year include Gina Clark, Henry Wadsworth Mcgee III, John G Chou, Kathleen W Hyle, Kathy H Gaddes, Richard W Gochnauer, 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 JPMorgan Chase & Co., TimesSquare Capital Management LLC, AQR Capital Management LLC, Retirement Systems of Alabama, Rothschild & Co. Asset Management US Inc., Bank of New York Mellon Corp, Swiss National Bank, and AJO LP. 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 $93.14.

AmerisourceBergen has a market capitalization of $18.94 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]