AmerisourceBergen Corp. Director Sells $657,839 in Stock (ABC)
AmerisourceBergen Corp. (NYSE:ABC) Director Henry Wadsworth Mcgee III sold 9,449 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $69.62, for a total value of $657,839.38. Following the completion of the transaction, the director now directly owns 10,034 shares of the company’s stock, valued at approximately $698,567. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of AmerisourceBergen Corp. from $72.00 to $78.00 in a research note to investors on Tuesday, December 17th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of AmerisourceBergen Corp. in a research note to investors on Friday, December 13th. They now have a $72.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $68.69.
Shares of AmerisourceBergen Corp. (NYSE:ABC) traded up 1.09% during mid-day trading on Tuesday, hitting $70.45. The stock had a trading volume of 1,531,604 shares. AmerisourceBergen Corp. has a 1-year low of $43.51 and a 1-year high of $71.38. The stock’s 50-day moving average is $69.78 and its 200-day moving average is $62.60. The company has a market cap of $16.206 billion and a P/E ratio of 37.75.
AmerisourceBergen Corp. (NYSE:ABC) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that AmerisourceBergen Corp. will post $3.69 EPS 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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