Insider Selling: AmerisourceBergen Corp. Director Sells 19,784 Shares of Stock (ABC)
AmerisourceBergen Corp. (NYSE:ABC) Director Richard C. Gozon unloaded 19,784 shares of the company’s stock on the open market in a transaction dated Friday, February 7th. The shares were sold at an average price of $66.10, for a total value of $1,307,722.40. Following the sale, the director now directly owns 43,084 shares in the company, valued at approximately $2,847,852. The sale was disclosed in a document filed with the SEC, which is available at this link.
AmerisourceBergen Corp. (NYSE:ABC) traded down 0.26% during mid-day trading on Monday, hitting $66.37. The stock had a trading volume of 2,913,611 shares. AmerisourceBergen Corp. has a 1-year low of $46.08 and a 1-year high of $71.92. The stock’s 50-day moving average is $68.96 and its 200-day moving average is $64.71. The company has a market cap of $15.283 billion and a P/E ratio of 50.87.
AmerisourceBergen Corp. (NYSE:ABC) last released its earnings data on Thursday, January 23rd. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. The company had revenue of $29.20 billion for the quarter, compared to the consensus estimate of $27.43 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 38.7% on a year-over-year basis. Analysts expect that AmerisourceBergen Corp. will post $3.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Thursday, February 13th.
A number of research firms have recently commented on ABC. Analysts at Zacks reiterated a “neutral” rating on shares of AmerisourceBergen Corp. in a research note to investors on Friday, January 24th. They now have a $73.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of AmerisourceBergen Corp. from $73.00 to $83.00 in a research note to investors on Friday, January 24th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of AmerisourceBergen Corp. from $73.00 to $79.00 in a research note to investors on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. AmerisourceBergen Corp. currently has an average rating of “Buy” and an average target price of $69.94.
AmerisourceBergen Corporation (NYSE:ABC) a pharmaceutical services companies serving the United States, Canada, and selected global markets.
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