AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) EVP Peyton R. Howell sold 9,423 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $85.80, for a total transaction of $808,493.40. Following the completion of the transaction, the executive vice president now owns 57,412 shares in the company, valued at $4,925,949.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of AmerisourceBergen Corporation (NYSE ABC) opened at $85.89 on Wednesday. The stock has a market cap of $19,064.73, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 1.52 and a beta of 1.00. AmerisourceBergen Corporation has a fifty-two week low of $71.90 and a fifty-two week high of $97.85. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83.
AmerisourceBergen (NYSE:ABC) last released its earnings results on Thursday, November 2nd. The company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.01. AmerisourceBergen had a net margin of 0.27% and a return on equity of 56.29%. The company had revenue of $39.12 billion for the quarter, compared to analyst estimates of $40.10 billion. During the same period in the prior year, the business earned $1.30 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts predict that AmerisourceBergen Corporation will post 6.06 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in shares of AmerisourceBergen by 3.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock valued at $104,000 after purchasing an additional 34 shares in the last quarter. Sun Life Financial INC raised its holdings in shares of AmerisourceBergen by 15,000.0% in the 2nd quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock valued at $114,000 after purchasing an additional 1,200 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of AmerisourceBergen by 29.0% in the 2nd quarter. D.A. Davidson & CO. now owns 1,668 shares of the company’s stock valued at $157,000 after purchasing an additional 375 shares in the last quarter. Intl Fcstone Inc. acquired a new stake in shares of AmerisourceBergen in the 2nd quarter valued at $201,000. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of AmerisourceBergen in the 2nd quarter valued at $203,000. Institutional investors and hedge funds own 67.83% of the company’s stock.
Several equities analysts have recently commented on ABC shares. Jefferies Group set a $95.00 price objective on shares of AmerisourceBergen and gave the stock a “hold” rating in a report on Tuesday, August 29th. ValuEngine lowered shares of AmerisourceBergen from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Needham & Company LLC reiterated a “buy” rating and set a $91.00 target price on shares of AmerisourceBergen in a report on Sunday, September 10th. Morgan Stanley lowered shares of AmerisourceBergen from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 14th. Finally, Royal Bank Of Canada began coverage on shares of AmerisourceBergen in a report on Tuesday, September 19th. They set a “sector perform” rating and a $87.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $91.95.
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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.
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