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AmerisourceBergen Corp. (NYSE:ABC) has been given an “A” credit rating by analysts at Morningstar. The firm’s “A” rating suggests that the company is a low default risk. They also issued a neutral credit outlook for the company and gave their stock a three star rating.

ABC has been the subject of a number of other recent research reports. Analysts at S&P Equity Research reiterated a “strong-buy” rating on shares of AmerisourceBergen Corp. in a research note on Friday, July 25th. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of AmerisourceBergen Corp. in a research note on Friday, July 25th. They now have a $85.00 price target on the stock, up previously from $74.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of AmerisourceBergen Corp. in a research note on Friday, July 25th. They now have a $80.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. AmerisourceBergen Corp. has an average rating of “Buy” and a consensus target price of $79.21.

AmerisourceBergen Corp. (NYSE:ABC) opened at 77.39 on Tuesday. AmerisourceBergen Corp. has a 52-week low of $57.21 and a 52-week high of $79.13. The stock has a 50-day moving average of $75.79 and a 200-day moving average of $70.31. The company has a market cap of $17.365 billion and a price-to-earnings ratio of 69.12.

AmerisourceBergen Corp. (NYSE:ABC) last released its earnings data on Thursday, July 24th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 38.5% on a year-over-year basis. On average, analysts predict that AmerisourceBergen Corp. will post $3.90 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, August 14th.

AmerisourceBergen Corporation (NYSE:ABC) is a pharmaceutical services company serving the United States, Canada and select global markets.

To view more credit ratings from Morningstar, visit www.morningstar.com.

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