AmerisourceBergen Corp. Now Covered by Analysts at FBR Capital Markets (ABC)
Equities research analysts at FBR Capital Markets initiated coverage on shares of AmerisourceBergen Corp. (NYSE:ABC) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $72.00 price target on the stock. FBR Capital Markets’ target price would indicate a potential upside of 9.42% from the company’s current price.
Shares of AmerisourceBergen Corp. (NYSE:ABC) traded up 0.92% on Tuesday, hitting $65.80. The stock had a trading volume of 1,334,070 shares. AmerisourceBergen Corp. has a 52 week low of $37.41 and a 52 week high of $61.02. The stock has a 50-day moving average of $58.21 and a 200-day moving average of $54.74. The company has a market cap of $15.193 billion and a P/E ratio of 28.37.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of AmerisourceBergen Corp. from $57.00 to $61.00 in a research note to investors on Tuesday, October 15th. They now have a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “hold” rating on shares of AmerisourceBergen Corp. in a research note to investors on Monday, October 14th. They now have a $63.00 price target on the stock. Finally, analysts at ISI Group raised their price target on shares of AmerisourceBergen Corp. from $59.00 to $65.00 in a research note to investors on Monday, October 14th. They now have a “neutral” rating on the stock. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $62.57.
AmerisourceBergen Corporation (NYSE:ABC) a pharmaceutical services companies serving the United States, Canada, and selected global markets.
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