AmerisourceBergen - ABC Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AmerisourceBergen in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ABC shares.
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9 equities research analysts have issued 1 year price targets for AmerisourceBergen's stock. Their ABC share price forecasts range from $162.00 to $187.00. On average, they anticipate the company's share price to reach $173.55 in the next year. This suggests a possible upside of 27.3% from the stock's current price.
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AmerisourceBergen's stock was trading at $132.89 on January 1st, 2022. Since then, ABC shares have increased by 2.6% and is now trading at $136.35.
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AmerisourceBergen saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,480,000 shares, an increase of 7.2% from the August 15th total of 4,180,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is currently 4.2 days. Currently, 2.9% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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AmerisourceBergen Co. (NYSE:ABC) issued its quarterly earnings data on Wednesday, August, 3rd. The company reported $2.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.57 by $0.05. The firm had revenue of $60.06 billion for the quarter, compared to the consensus estimate of $59.03 billion. AmerisourceBergen had a net margin of 0.78% and a trailing twelve-month return on equity of 350.60%. AmerisourceBergen's revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned $2.16 EPS.
Read the conference call transcript.

AmerisourceBergen declared a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Monday, August 15th will be paid a dividend of $0.46 per share on Monday, August 29th. This represents a $1.84 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Friday, August 12th.
Read our dividend analysis for ABC.

AmerisourceBergen (NYSE:ABC) pays an annual dividend of $1.84 per share and currently has a dividend yield of 1.34%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 21.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABC will have a dividend payout ratio of 16.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ABC.

AmerisourceBergen issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of $10.90-$11.10 for the period, compared to the consensus estimate of $10.93. The company issued revenue guidance of -.

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 shareholders include JPMorgan Chase & Co. (3.59%), State Street Corp (3.26%), FMR LLC (2.70%), Northern Trust Corp (0.92%), Wells Fargo & Company MN (0.80%) and Coho Partners Ltd. (0.74%). Insiders that own company stock include Dermot Mark Durcan, Elizabeth S Campbell, Gina Clark, Henry Wadsworth Mcgee III, Jane E Md Henney, John G Chou, John G Chou, Kathleen W Hyle, Kathy H Gaddes, Lazarus Krikorian, Robert P Mauch, Silvana Battaglia, Steven H Collis and Walgreens Boots Alliance, Inc.
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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 $136.35.

AmerisourceBergen (NYSE:ABC) has a market capitalization of $28.26 billion and generates $213.99 billion in revenue each year. The company earns $1.54 billion in net income (profit) each year or $8.72 on an earnings per share basis.

The company employs 42,000 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.