AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) has been assigned a $92.00 price objective by analysts at Mizuho in a research note issued on Tuesday. The firm presently has a “hold” rating on the stock. Mizuho’s price objective indicates a potential upside of 12.40% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Bank of America Corporation lowered AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and cut their price target for the company from $95.76 to $94.00 in a research note on Friday, June 30th. Needham & Company LLC set a $93.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research note on Tuesday. Leerink Swann set a $90.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research note on Monday, August 7th. Finally, BidaskClub lowered AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $92.04.

AmerisourceBergen Corporation (ABC) opened at 81.85 on Tuesday. The firm has a market capitalization of $17.93 billion, a price-to-earnings ratio of 21.33 and a beta of 0.96. AmerisourceBergen Corporation has a 12-month low of $68.38 and a 12-month high of $97.85. The company’s 50-day moving average price is $81.43 and its 200-day moving average price is $86.23.

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

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In other AmerisourceBergen Corporation (Holding Co) news, CFO Tim G. Guttman sold 11,600 shares of the stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $79.47, for a total value of $921,852.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dale Danilewitz sold 2,012 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $85.00, for a total value of $171,020.00. The disclosure for this sale can be found here. Insiders sold 64,728 shares of company stock worth $5,215,143 in the last three months. Insiders own 27.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Colony Group LLC bought a new stake in shares of AmerisourceBergen Corporation (Holding Co) in the second quarter worth about $1,844,000. Achmea Investment Management B.V. increased its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 7.8% in the second quarter. Achmea Investment Management B.V. now owns 29,338 shares of the company’s stock worth $2,770,000 after acquiring an additional 2,123 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of AmerisourceBergen Corporation (Holding Co) in the third quarter worth about $906,000. Burgundy Asset Management Ltd. increased its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 3.3% in the second quarter. Burgundy Asset Management Ltd. now owns 2,649,123 shares of the company’s stock worth $250,422,000 after acquiring an additional 84,163 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 4.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 59,250 shares of the company’s stock worth $5,601,000 after acquiring an additional 2,440 shares in the last quarter. 67.72% of the stock is currently owned by hedge funds and other institutional investors.

AmerisourceBergen Corporation (Holding Co) Company Profile

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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