AmerisourceBergen Corp. Hits New 12-Month High at $72.20 (ABC)
AmerisourceBergen Corp. (NYSE:ABC) hit a new 52-week high on Tuesday , AnalystRatings.NET reports. The stock traded as high as $72.20 and last traded at $72.19, with a volume of 719,448 shares traded. The stock had previously closed at $71.64.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of AmerisourceBergen Corp. in a research note on Friday, April 25th. They now have a $68.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of AmerisourceBergen Corp. in a research note on Friday, April 25th. They now have a $73.00 price target on the stock. Finally, 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, April 25th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $71.44.
The stock has a 50-day moving average of $65.83 and a 200-day moving average of $67.7. The company has a market cap of $16.319 billion and a P/E ratio of 38.25.
AmerisourceBergen Corp. (NYSE:ABC) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 38.6% on a year-over-year basis. On average, analysts predict that AmerisourceBergen Corp. will post $3.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, May 15th.
In other AmerisourceBergen Corp. news, EVP John Chou unloaded 37,500 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $71.28, for a total transaction of $2,673,000.00. Following the completion of the transaction, the executive vice president now directly owns 30,649 shares of the company’s stock, valued at approximately $2,184,661. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
AmerisourceBergen Corporation (NYSE:ABC) is a pharmaceutical services company serving the United States, Canada and select global markets.
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