AmerisourceBergen Corp. Director Edward E. Hagenlocker Sells 13,836 Shares (ABC)
AmerisourceBergen Corp. (NYSE:ABC) Director Edward E. Hagenlocker unloaded 13,836 shares of AmerisourceBergen Corp. stock on the open market in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.52, for a total value of $948,042.72. Following the completion of the sale, the director now directly owns 4,852 shares in the company, valued at approximately $332,459. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on ABC shares. Analysts at Citigroup Inc. initiated coverage on shares of AmerisourceBergen Corp. in a research note on Tuesday. They set a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of AmerisourceBergen Corp. in a research note on Friday, January 24th. They now have a $73.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of AmerisourceBergen Corp. from $73.00 to $83.00 in a research note on Friday, January 24th. They now have a “buy” rating on the stock. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $69.94.
Shares of AmerisourceBergen Corp. (NYSE:ABC) opened at 68.11 on Thursday. AmerisourceBergen Corp. has a 52-week low of $46.08 and a 52-week high of $71.92. The stock has a 50-day moving average of $68. and a 200-day moving average of $65.13. The company has a market cap of $15.611 billion and a P/E ratio of 52.37.
AmerisourceBergen Corp. (NYSE:ABC) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue 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 1.38%. The ex-dividend date is Thursday, February 13th.
AmerisourceBergen Corporation (NYSE:ABC) a pharmaceutical services companies serving the United States, Canada, and selected global markets.
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