AmerisourceBergen Corp. Rating Reiterated by Deutsche Bank (ABC)
AmerisourceBergen Corp. (NYSE:ABC)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Friday. They currently have a $80.00 price target on the stock, up from their previous price target of $73.00. Deutsche Bank’s price target points to a potential upside of 4.18% from the stock’s previous close.
Shares of AmerisourceBergen Corp. (NYSE:ABC) traded up 0.55% on Friday, hitting $76.79. The stock had a trading volume of 2,049,734 shares. AmerisourceBergen Corp. has a one year low of $56.24 and a one year high of $79.13. The stock has a 50-day moving average of $72.85 and a 200-day moving average of $68.86. The company has a market cap of $17.342 billion and a price-to-earnings ratio of 40.77.
AmerisourceBergen Corp. (NYSE:ABC) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.01 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.92 by $0.09. The company had revenue of $30.30 billion for the quarter, compared to the consensus estimate of $29.23 billion. During the same quarter last year, the company posted $0.73 earnings per share. AmerisourceBergen Corp.’s revenue was up 38.5% compared to the same quarter last year. Analysts expect that AmerisourceBergen Corp. will post $3.78 EPS for the current fiscal year.
ABC has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of AmerisourceBergen Corp. in a research note on Friday. They now have a $89.00 price target on the stock, up previously from $83.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of AmerisourceBergen Corp. in a research note on Friday. They now have a $83.00 price target on the stock, up previously from $77.00. Finally, analysts at FBR Capital Markets raised their price target on shares of AmerisourceBergen Corp. from $75.00 to $83.00 in a research note on Friday. They now have an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $79.21.
AmerisourceBergen Corporation (NYSE:ABC) is a pharmaceutical services company serving the United States, Canada and select global markets.
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