AmerisourceBergen - ABC Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AmerisourceBergen in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ABC shares.
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12 analysts have issued twelve-month price targets for AmerisourceBergen's stock. Their ABC share price forecasts range from $162.00 to $195.00. On average, they predict the company's stock price to reach $174.25 in the next twelve months. This suggests a possible upside of 1.5% from the stock's current price.
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AmerisourceBergen's stock was trading at $132.89 at the start of the year. Since then, ABC stock has increased by 29.2% and is now trading at $171.63.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our ABC earnings forecast.

AmerisourceBergen Co. (NYSE:ABC) posted its earnings results on Thursday, November, 3rd. The company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.02. The business earned $61.17 billion during the quarter, compared to analysts' expectations of $60.56 billion. AmerisourceBergen had a trailing twelve-month return on equity of 444.46% and a net margin of 0.71%. AmerisourceBergen's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.39 EPS.
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AmerisourceBergen declared a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Monday, November 14th will be paid a dividend of $0.485 per share on Monday, November 28th. This represents a $1.94 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, November 10th. This is an increase from the stock's previous quarterly dividend of $0.46.
Read our dividend analysis for ABC.

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 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABC will have a dividend payout ratio of 15.40% 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 2023 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of $11.30-$11.60 for the period, compared to the consensus earnings per share estimate of $11.45. The company issued revenue guidance of $250.52 billion-$255.29 billion, compared to the consensus revenue estimate of $248.28 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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.34%), BlackRock Inc. (8.19%), State Street Corp (3.40%), Boston Partners (2.43%), Coho Partners Ltd. (0.74%) and First Trust Advisors LP (0.65%). 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 $171.63.

AmerisourceBergen (NYSE:ABC) has a market capitalization of $35.30 billion and generates $238.59 billion in revenue each year. The company earns $1.70 billion in net income (profit) each year or $8.04 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.