Shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) have received a consensus rating of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $92.54.

Several research firms have weighed in on ABC. Cowen and Company upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating in a report on Tuesday. Zacks Investment Research downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Bank of America Corporation downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $95.76 to $94.00 in a report on Friday, June 30th. Leerink Swann set a $90.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, Credit Suisse Group restated a “buy” rating and set a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a report on Thursday, July 13th.

Shares of AmerisourceBergen Corporation (NYSE ABC) traded up 0.60% during midday trading on Thursday, hitting $80.80. 1,202,985 shares of the company were exchanged. AmerisourceBergen Corporation has a one year low of $68.38 and a one year high of $97.85. The firm has a market capitalization of $17.70 billion, a price-to-earnings ratio of 21.05 and a beta of 0.96. The firm’s 50 day moving average price is $80.94 and its 200 day moving average price is $86.68.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.06. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The firm had revenue of $38.71 billion for the quarter, compared to the consensus estimate of $39.13 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. Analysts forecast that AmerisourceBergen Corporation will post $5.88 EPS for the current fiscal year.

In related news, insider Peyton R. Howell sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $80.00, for a total transaction of $1,600,000.00. Following the completion of the sale, the insider now owns 57,135 shares in the company, valued at $4,570,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gina Clark sold 1,273 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $80.94, for a total transaction of $103,036.62. Following the sale, the insider now owns 10,830 shares of the company’s stock, valued at approximately $876,580.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,728 shares of company stock valued at $5,215,143. 27.40% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ABC. Parallel Advisors LLC increased its holdings in AmerisourceBergen Corporation (Holding Co) by 3.2% during the second quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock worth $104,000 after buying an additional 34 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter worth about $105,000. American Beacon Advisors Inc. purchased a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter worth about $108,000. SRS Capital Advisors Inc. increased its holdings in AmerisourceBergen Corporation (Holding Co) by 0.3% during the first quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock worth $109,000 after buying an additional 4 shares during the last quarter. Finally, Sun Life Financial INC increased its holdings in AmerisourceBergen Corporation (Holding Co) by 15,000.0% during the second quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock worth $114,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 67.64% of the company’s stock.

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About AmerisourceBergen Corporation (Holding Co)

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company’s segments include Pharmaceutical Distribution and Other. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. As of June 30, 2016, the Pharmaceutical Distribution segment consists of two operating segments, including the operations of AmerisourceBergen Drug Corporation (ABDC) and AmerisourceBergen Specialty Group (ABSG), which distributes specialty drugs to their customers.

Analyst Recommendations for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

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