NYSE:ABCAmerisourceBergen Stock Price, Forecast & News

AmerisourceBergen's stock was trading at $84.96 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ABC shares have increased by 16.9% and is now trading at $99.33. 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 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 Wednesday, August 5th 2020. View our earnings forecast for AmerisourceBergen.

AmerisourceBergen will be holding an earnings conference call on Wednesday, August 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

AmerisourceBergen Corp. (NYSE:ABC) posted its quarterly earnings data on Thursday, May, 7th. The company reported $2.40 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $2.27 by $0.13. The firm had revenue of $47.42 billion for the quarter, compared to analysts' expectations of $45.90 billion. AmerisourceBergen had a return on equity of 48.85% and a net margin of 0.85%. The business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.11 earnings per share. View AmerisourceBergen's earnings history.

AmerisourceBergen announced a quarterly dividend on Thursday, January 30th. Stockholders 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 yield of 1.69%. The ex-dividend date of this dividend is Thursday, February 13th. This is an increase 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 earnings per share (EPS) guidance of $7.35-7.65 for the period, compared to the Thomson Reuters consensus estimate of $7.57.

8 Wall Street analysts have issued 1 year target prices for AmerisourceBergen's shares. Their forecasts range from $98.00 to $112.00. On average, they anticipate AmerisourceBergen's stock price to reach $105.25 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price. View analysts' price targets for AmerisourceBergen.

Media stories about ABC stock have been trending extremely negative on Wednesday, according to InfoTrie. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. AmerisourceBergen earned a media sentiment score of -4.3 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the company's share price in the near future. View the latest news about AmerisourceBergen.

AmerisourceBergen saw a decline in short interest in the month of June. As of June 15th, there was short interest totaling 3,820,000 shares, a decline of 8.0% from the May 31st total of 4,150,000 shares. Based on an average daily trading volume, of 1,790,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.6% of the shares of the company are sold short. 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 retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.16%), Envestnet Asset Management Inc. (0.15%), Hexavest Inc. (0.06%), Cypress Capital Group (0.02%), State of Alaska Department of Revenue (0.01%) and Birch Capital Management LLC (0.01%). 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 Wedge Capital Management L L P NC, IFM Investors Pty Ltd, Nelson Van Denburg & Campbell Wealth Management Group LLC, Fulton Bank N. A., Farmers Trust Co., Copperleaf Capital LLC, Birch Capital Management LLC, and Deane Retirement Strategies Inc.. 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 Hexavest Inc., Envestnet Asset Management Inc., Richard P Slaughter Associates Inc, Cypress Capital Group, Municipal Employees Retirement System of Michigan, Contravisory Investment Management Inc., Capital City Trust Co. FL, and Global Retirement Partners LLC. 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 $99.33.

AmerisourceBergen has a market capitalization of $20.20 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]