AmerisourceBergen Corp.’s “Hold” Rating Reaffirmed at Deutsche Bank (ABC)
AmerisourceBergen Corp. (NYSE:ABC)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a report issued on Friday, AnalystRatings.Net reports. They currently have a $73.00 price objective on the stock. Deutsche Bank’s target price would suggest a potential upside of 16.19% from the company’s current price.
A number of other firms have also recently commented on ABC. Analysts at Cowen and Company cut their price target on shares of AmerisourceBergen Corp. from $80.00 to $75.00 in a research note on Friday. Separately, analysts at Raymond James cut their price target on shares of AmerisourceBergen Corp. from $79.00 to $74.00 in a research note on Friday. Finally, analysts at Mizuho cut their price target on shares of AmerisourceBergen Corp. from $75.00 to $72.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $71.18.
AmerisourceBergen Corp. (NYSE:ABC) traded down 3.17% on Friday, hitting $62.83. 2,935,598 shares of the company’s stock traded hands. AmerisourceBergen Corp. has a 52 week low of $52.38 and a 52 week high of $71.92. The stock has a 50-day moving average of $65.81 and a 200-day moving average of $67.38. The company has a market cap of $14.401 billion and a price-to-earnings ratio of 49.61.
AmerisourceBergen Corp. (NYSE:ABC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.00 by $0.06. The company had revenue of $28.50 million for the quarter, compared to the consensus estimate of $28.42 million. During the same quarter last year, the company posted $0.87 earnings per share. AmerisourceBergen Corp.’s revenue was up 38.6% compared to the same quarter last year. On average, analysts predict that AmerisourceBergen Corp. will post $3.70 earnings per share for the current fiscal year.
AmerisourceBergen Corporation (NYSE:ABC) is a pharmaceutical services company serving the United States, Canada and select global markets.
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