AmerisourceBergen (NYSE:ABC) insider Peyton R. Howell sold 3,000 shares of the company’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $82.72, for a total value of $248,160.00. Following the completion of the transaction, the insider now directly owns 49,189 shares in the company, valued at approximately $4,068,914.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NYSE ABC traded down $0.90 during trading hours on Thursday, hitting $88.19. 649,423 shares of the company were exchanged, compared to its average volume of 1,987,953. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.95 and a quick ratio of 0.50. AmerisourceBergen has a 52-week low of $71.90 and a 52-week high of $106.27. The company has a market cap of $19,530.77, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 1.34 and a beta of 1.06.
AmerisourceBergen (NYSE:ABC) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.20. AmerisourceBergen had a return on equity of 53.65% and a net margin of 0.66%. The company had revenue of $40.47 billion for the quarter, compared to the consensus estimate of $40.42 billion. During the same quarter in the prior year, the business earned $1.36 EPS. AmerisourceBergen’s revenue was up 6.0% on a year-over-year basis. equities research analysts anticipate that AmerisourceBergen will post 6.55 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Hikari Tsushin Inc. purchased a new position in shares of AmerisourceBergen in the 4th quarter valued at about $106,000. Delpha Capital Management LLC purchased a new position in shares of AmerisourceBergen in the 4th quarter valued at about $137,000. Vantage Investment Advisors LLC purchased a new position in shares of AmerisourceBergen in the 4th quarter valued at about $156,000. TRUE Private Wealth Advisors purchased a new position in shares of AmerisourceBergen in the 4th quarter valued at about $203,000. Finally, IBM Retirement Fund purchased a new position in shares of AmerisourceBergen in the 4th quarter valued at about $216,000. Institutional investors own 67.31% of the company’s stock.
Several equities analysts have recently commented on ABC shares. Zacks Investment Research raised AmerisourceBergen from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Thursday, February 8th. Goldman Sachs upgraded AmerisourceBergen from a “neutral” rating to a “buy” rating in a report on Friday, December 15th. Leerink Swann set a $105.00 price objective on AmerisourceBergen and gave the company a “buy” rating in a report on Tuesday, January 2nd. Bank of America assumed coverage on AmerisourceBergen in a report on Tuesday, February 27th. They issued a “buy” rating and a $111.00 price objective on the stock. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $112.00 price objective (up previously from $105.00) on shares of AmerisourceBergen in a report on Wednesday, February 7th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $102.72.
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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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