Barclays restated their hold rating on shares of AmerisourceBergen (NYSE:ABC) in a research note released on Sunday morning, AnalystRatings.com reports. Barclays currently has a $100.00 price objective on the stock.
ABC has been the topic of several other research reports. Argus reaffirmed a buy rating and set a $110.00 target price on shares of AmerisourceBergen in a research note on Monday, November 18th. ValuEngine downgraded AmerisourceBergen from a hold rating to a sell rating in a research note on Friday, November 1st. Finally, TheStreet raised AmerisourceBergen from a c+ rating to a b- rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. AmerisourceBergen has an average rating of Hold and an average price target of $91.50.
Shares of NYSE ABC opened at $91.25 on Friday. The company has a market cap of $18.75 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. AmerisourceBergen has a 12-month low of $70.55 and a 12-month high of $94.75. The company has a current ratio of 0.95, a quick ratio of 0.58 and a debt-to-equity ratio of 1.45. The stock’s 50 day simple moving average is $86.52 and its 200 day simple moving average is $86.11.
AmerisourceBergen (NYSE:ABC) last announced its quarterly earnings results on Thursday, November 7th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.03. The business had revenue of $45.64 billion for the quarter, compared to the consensus estimate of $45.15 billion. AmerisourceBergen had a return on equity of 48.84% and a net margin of 0.48%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. As a group, equities analysts forecast that AmerisourceBergen will post 7.52 earnings per share for the current fiscal year.
In other AmerisourceBergen news, CEO Steven H. Collis sold 19,905 shares of AmerisourceBergen stock in a transaction on Monday, November 4th. The stock was sold at an average price of $86.08, for a total transaction of $1,713,422.40. Following the sale, the chief executive officer now owns 154,484 shares of the company’s stock, valued at approximately $13,297,982.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gina Clark sold 10,917 shares of AmerisourceBergen stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $88.24, for a total value of $963,316.08. Insiders have sold a total of 64,724 shares of company stock worth $5,561,840 in the last ninety days. 27.80% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of ABC. NEXT Financial Group Inc grew its holdings in shares of AmerisourceBergen by 95.4% in the 4th quarter. NEXT Financial Group Inc now owns 299 shares of the company’s stock worth $25,000 after acquiring an additional 146 shares during the last quarter. Sigma Investment Counselors Inc. grew its holdings in shares of AmerisourceBergen by 4.0% in the 4th quarter. Sigma Investment Counselors Inc. now owns 14,417 shares of the company’s stock worth $1,226,000 after acquiring an additional 550 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of AmerisourceBergen by 58.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,609 shares of the company’s stock worth $2,007,000 after acquiring an additional 8,667 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of AmerisourceBergen by 8.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,747 shares of the company’s stock worth $658,000 after acquiring an additional 606 shares during the last quarter. Finally, Huntington National Bank grew its holdings in shares of AmerisourceBergen by 19.4% in the 4th quarter. Huntington National Bank now owns 34,139 shares of the company’s stock worth $2,902,000 after acquiring an additional 5,558 shares during the last quarter. 66.72% of the stock is currently owned by institutional investors.
AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.
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