AmerisourceBergen (NYSE:ABC)‘s stock had its “neutral” rating reiterated by stock analysts at Mizuho in a research report issued on Wednesday, September 19th.
Other equities research analysts have also issued research reports about the company. Morgan Stanley dropped their price objective on AmerisourceBergen from $97.00 to $88.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 3rd. ValuEngine raised AmerisourceBergen from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Finally, Robert W. Baird restated a “hold” rating and set a $89.00 price target on shares of AmerisourceBergen in a research report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $101.80.
NYSE:ABC opened at $88.48 on Wednesday. The firm has a market cap of $19.95 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.02. AmerisourceBergen has a 52-week low of $71.90 and a 52-week high of $106.27. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.94 and a quick ratio of 0.51.
AmerisourceBergen (NYSE:ABC) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.08. The company had revenue of $43.14 billion during the quarter, compared to analyst estimates of $43.05 billion. AmerisourceBergen had a return on equity of 48.65% and a net margin of 0.69%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned $1.43 earnings per share. Equities research analysts anticipate that AmerisourceBergen will post 6.48 EPS for the current year.
In other news, EVP Dale Danilewitz sold 3,120 shares of AmerisourceBergen stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $81.67, for a total value of $254,810.40. Following the transaction, the executive vice president now owns 3,120 shares in the company, valued at $254,810.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kathy H. Gaddes sold 2,652 shares of AmerisourceBergen stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $87.71, for a total value of $232,606.92. Following the completion of the transaction, the insider now owns 3,891 shares in the company, valued at approximately $341,279.61. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,074 shares of company stock worth $7,745,452. Company insiders own 27.30% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Elmwood Wealth Management Inc. increased its holdings in AmerisourceBergen by 8.9% during the 3rd quarter. Elmwood Wealth Management Inc. now owns 7,533 shares of the company’s stock valued at $695,000 after purchasing an additional 618 shares during the period. Parsons Capital Management Inc. RI increased its holdings in AmerisourceBergen by 5.7% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 11,609 shares of the company’s stock valued at $990,000 after purchasing an additional 621 shares during the period. Donald L. Hagan LLC increased its holdings in AmerisourceBergen by 3.9% during the 2nd quarter. Donald L. Hagan LLC now owns 16,681 shares of the company’s stock valued at $1,422,000 after purchasing an additional 622 shares during the period. Quadrant Capital Group LLC increased its holdings in AmerisourceBergen by 34.9% during the 1st quarter. Quadrant Capital Group LLC now owns 2,460 shares of the company’s stock valued at $206,000 after purchasing an additional 637 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its holdings in AmerisourceBergen by 9.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,520 shares of the company’s stock valued at $641,000 after purchasing an additional 660 shares during the period. Institutional investors own 66.67% of the company’s stock.
AmerisourceBergen Company Profile
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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