AmerisourceBergen Corp. (NYSE:ABC)’s share price traded down 1.6% during trading on Thursday . The stock traded as low as $86.94 and last traded at $86.96, with a volume of 1,275,972 shares changing hands. The stock had previously closed at $88.39.

Several equities analysts recently commented on the company. Leerink Swann reiterated a “buy” rating on shares of AmerisourceBergen Corp. in a research note on Wednesday, August 3rd. Barclays PLC upped their target price on AmerisourceBergen Corp. from $83.00 to $89.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 3rd. Citigroup Inc. upped their target price on AmerisourceBergen Corp. from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Deutsche Bank AG upped their target price on AmerisourceBergen Corp. from $83.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Finally, FBR & Co upped their target price on AmerisourceBergen Corp. from $84.00 to $90.00 and gave the company a “mkt perform” rating in a research note on Wednesday, August 3rd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. AmerisourceBergen Corp. currently has a consensus rating of “Hold” and a consensus target price of $98.43.

The stock’s 50 day moving average price is $86.71 and its 200-day moving average price is $83.66. The company has a market capitalization of $18.36 billion and a price-to-earnings ratio of 11.54.

AmerisourceBergen Corp. (NYSE:ABC) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.10. The firm had revenue of $36.90 billion for the quarter, compared to analyst estimates of $36.57 billion. During the same period in the previous year, the business posted $1.20 EPS. AmerisourceBergen Corp.’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts expect that AmerisourceBergen Corp. will post $5.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Monday, August 22nd will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, August 18th. This represents a $1.36 dividend on an annualized basis and a yield of 1.59%.

In other AmerisourceBergen Corp. news, insider Gina Clark sold 2,247 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $89.50, for a total transaction of $201,106.50. Following the transaction, the insider now directly owns 9,436 shares in the company, valued at $844,522. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lon R. Greenberg bought 4,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were bought at an average price of $88.59 per share, for a total transaction of $354,360.00. Following the completion of the acquisition, the director now owns 9,500 shares of the company’s stock, valued at $841,605. The disclosure for this purchase can be found here.

Other institutional investors recently bought and sold shares of the company. Calvert Investment Management Inc. raised its position in AmerisourceBergen Corp. by 21.8% in the fourth quarter. Calvert Investment Management Inc. now owns 10,359 shares of the company’s stock valued at $1,074,000 after buying an additional 1,851 shares during the period. Trexquant Investment LP raised its position in AmerisourceBergen Corp. by 409.1% in the fourth quarter. Trexquant Investment LP now owns 11,200 shares of the company’s stock valued at $1,162,000 after buying an additional 9,000 shares during the period. I.G. Investment Management LTD. raised its position in AmerisourceBergen Corp. by 26.2% in the fourth quarter. I.G. Investment Management LTD. now owns 30,328 shares of the company’s stock valued at $3,145,000 after buying an additional 6,296 shares during the period. Matarin Capital Management LLC bought a new position in AmerisourceBergen Corp. during the fourth quarter valued at $3,336,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in AmerisourceBergen Corp. by 1,229.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,875 shares of the company’s stock valued at $4,654,000 after buying an additional 41,500 shares during the period.

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company operates through two segments: Pharmaceutical Distribution and Other. The Company also provides data and other services to its manufacturing customers. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers.

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