AmerisourceBergen Corp. Price Target Raised to $73.00 at Credit Suisse (ABC)
Investment analysts at Credit Suisse hoisted their price target on shares of AmerisourceBergen Corp. (NYSE:ABC) from $65.00 to $73.00 in a note issued to investors on Friday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s target price suggests a potential upside of 9.97% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of AmerisourceBergen Corp. from $69.00 to $78.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of AmerisourceBergen Corp. from $57.00 to $67.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of AmerisourceBergen Corp. in a research note to investors on Friday. They now have a $69.00 price target on the stock. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $66.33.
Shares of AmerisourceBergen Corp. (NYSE:ABC) opened at 66.38 on Friday. AmerisourceBergen Corp. has a 52 week low of $39.65 and a 52 week high of $66.38. The stock has a 50-day moving average of $62.75 and a 200-day moving average of $57.84. The company has a market cap of $15.327 billion and a price-to-earnings ratio of 28.43.
AmerisourceBergen Corp. (NYSE:ABC) last announced its earnings results on Thursday, October 31st. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.05. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.80 billion. During the same quarter last year, the company posted $0.66 earnings per share. AmerisourceBergen Corp.’s revenue was up 28.4% compared to the same quarter last year. On average, analysts predict that AmerisourceBergen Corp. will post $3.68 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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