AmerisourceBergen Corp. Hits New 52-Week High at $60.43 (ABC)
Shares of AmerisourceBergen Corp. (NYSE:ABC) hit a new 52-week high during trading hours on Wednesday, American Banking and Market News reports. The company traded as high as $60.43 and last traded at $60.29, with a volume of 1,370,971 shares trading hands. The stock had previously closed at $59.37.
A number of analysts have recently weighed in on ABC shares. Analysts at Zacks reiterated a “neutral” rating on shares of AmerisourceBergen Corp. (NYSE:ABC) in a research note to investors on Friday, July 26th. They now have a $60.00 price target on the stock. Separately, analysts at Raymond James downgraded shares of AmerisourceBergen Corp. (NYSE:ABC) from a “strong-buy” rating to an “outperform” rating in a research note to investors on Thursday, July 25th. They now have a $63.00 price target on the stock. Finally, analysts at Lazard Capital Markets raised their price target on shares of AmerisourceBergen Corp. (NYSE:ABC) from $64.00 to $67.00 in a research note to investors on Wednesday, July 17th. They now have a “buy” rating on the stock.
Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $59.17.
In other AmerisourceBergen Corp. news, SVP James Frary sold 15,000 shares of AmerisourceBergen Corp. stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $59.03, for a total value of $885,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
AmerisourceBergen Corp. has a 1-year low of $37.12 and a 1-year high of $59.75. The stock has a 50-day moving average of $57.95 and a 200-day moving average of $54.56. The company has a market cap of $13.967 billion and a price-to-earnings ratio of 25.84.
AmerisourceBergen Corp. (NYSE:ABC) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.02. The company had revenue of $21.90 billion for the quarter, compared to the consensus estimate of $21.36 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts predict that AmerisourceBergen Corp. will post $3.08 earnings per share for the current fiscal year.
AmerisourceBergen Corporation (NYSE:ABC) a pharmaceutical services companies serving the United States, Canada, and selected global markets.
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