NYSE:ABCAmerisourceBergen Stock Price, Forecast & News

AmerisourceBergen's stock was trading at $84.96 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ABC stock has increased by 20.2% and is now trading at $102.10.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AmerisourceBergen in the last year. There are currently 1 sell rating, 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, November 5th 2020.
View our earnings forecast for AmerisourceBergen.

AmerisourceBergen Corp. (NYSE:ABC) issued its quarterly earnings results on Wednesday, August, 5th. The company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.58 by $0.27. The business earned $45.37 billion during the quarter, compared to the consensus estimate of $44.71 billion. AmerisourceBergen had a net margin of 0.84% and a return on equity of 46.04%. The business's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 earnings per share.
View AmerisourceBergen's earnings history.

AmerisourceBergen declared a quarterly dividend on Thursday, August 6th. Investors of record on Monday, August 17th will be given a dividend of $0.42 per share on Tuesday, September 1st. This represents a $1.68 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, August 14th.
View AmerisourceBergen's dividend history.

AmerisourceBergen updated its FY20 earnings guidance on Wednesday, August, 5th. The company provided EPS guidance of $7.80-7.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.45.

9 Wall Street analysts have issued 12-month target prices for AmerisourceBergen's shares. Their forecasts range from $88.00 to $121.00. On average, they expect AmerisourceBergen's stock price to reach $104.33 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price.
View analysts' price targets for AmerisourceBergen.

News stories about ABC stock have trended negative recently, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. AmerisourceBergen earned a news impact score of -2.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future.
View the latest news about AmerisourceBergen.

AmerisourceBergen saw a drop in short interest in July. As of July 31st, there was short interest totaling 3,590,000 shares, a drop of 6.5% from the July 15th total of 3,840,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.5% of the shares of the stock are sold short.
View AmerisourceBergen's Short Interest.

Some companies that are related to AmerisourceBergen include McKesson (MCK), Cardinal Health (CAH), Henry Schein (HSIC), Patterson Companies (PDCO) and Owens & Minor (OMI).
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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 investors include Victory Capital Management Inc. (0.96%), Coho Partners Ltd. (0.79%), PNC Financial Services Group Inc. (0.45%), Morningstar Investment Services LLC (0.45%), TimesSquare Capital Management LLC (0.34%) and ANTIPODES PARTNERS Ltd (0.34%). 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 First Trust Advisors LP, Morningstar Investment Services LLC, Candriam Luxembourg S.C.A., Victory Capital Management Inc., CWM LLC, Sentry Investment Management LLC, New York State Common Retirement Fund, and Wedge Capital Management L L P NC. Company insiders that have sold AmerisourceBergen company stock in the last year include Gina Clark, 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 acquired by a variety of institutional investors in the last quarter, including PNC Financial Services Group Inc., ANTIPODES PARTNERS Ltd, Cornerstone Investment Partners LLC, Hexavest Inc., Robeco Institutional Asset Management B.V., Royal London Asset Management Ltd., Adams Diversified Equity Fund Inc., and UBS Group AG. 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 $102.10.

AmerisourceBergen has a market capitalization of $20.77 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]