AmerisourceBergen Corp. CEO Unloads $11,313,225 in Stock (ABC)
AmerisourceBergen Corp. (NYSE:ABC) CEO Steven H. Collis sold 157,500 shares of AmerisourceBergen Corp. stock on the open market in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $71.83, for a total value of $11,313,225.00. Following the completion of the transaction, the chief executive officer now directly owns 198,083 shares in the company, valued at approximately $14,228,302. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
ABC has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of AmerisourceBergen Corp. in a research note on Friday. They now have a $75.00 price target on the stock. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. AmerisourceBergen Corp. presently has a consensus rating of “Buy” and a consensus price target of $72.40.
AmerisourceBergen Corp. (NYSE:ABC) traded up 0.45% during mid-day trading on Friday, hitting $71.78. The stock had a trading volume of 1,269,685 shares. AmerisourceBergen Corp. has a 1-year low of $53.06 and a 1-year high of $73.81. The stock’s 50-day moving average is $68.68 and its 200-day moving average is $68.1. The company has a market cap of $16.211 billion and a price-to-earnings ratio of 38.15.
AmerisourceBergen Corp. (NYSE:ABC) last announced its 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. Analysts expect that AmerisourceBergen Corp. will post $3.72 EPS 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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