AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) has been given a $90.00 price objective by research analysts at Leerink Swann in a report issued on Monday. The firm currently has a “buy” rating on the stock. Leerink Swann’s price objective indicates a potential upside of 12.04% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. BidaskClub upgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Vetr lowered AmerisourceBergen Corporation (Holding Co) from a “strong-buy” rating to a “buy” rating and set a $97.44 price target on the stock. in a research report on Tuesday, May 9th. Credit Suisse Group restated a “buy” rating and set a $95.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Thursday, July 13th. TheStreet lowered AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC assumed coverage on AmerisourceBergen Corporation (Holding Co) in a report on Wednesday, May 17th. They issued a “hold” rating and a $95.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $93.14.

AmerisourceBergen Corporation (NYSE:ABC) opened at 80.33 on Monday. The firm’s 50 day moving average price is $92.96 and its 200-day moving average price is $89.37. AmerisourceBergen Corporation has a 12-month low of $68.38 and a 12-month high of $97.85. The company has a market capitalization of $17.54 billion, a PE ratio of 15.59 and a beta of 0.91.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $38.71 billion for the quarter, compared to analyst estimates of $39.13 billion. During the same period in the previous year, the company posted $1.37 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts anticipate that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.

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In other news, Chairman Steven H. Collis sold 15,000 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $94.76, for a total value of $1,421,400.00. Following the completion of the transaction, the chairman now owns 253,876 shares in the company, valued at $24,057,289.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Heartland Advisors Inc. acquired a new position in AmerisourceBergen Corporation (Holding Co) during the second quarter valued at $538,000. Archon Partners LLC boosted its position in AmerisourceBergen Corporation (Holding Co) by 6.4% in the second quarter. Archon Partners LLC now owns 75,000 shares of the company’s stock valued at $7,090,000 after buying an additional 4,500 shares in the last quarter. Allen Investment Management LLC boosted its position in AmerisourceBergen Corporation (Holding Co) by 24.2% in the second quarter. Allen Investment Management LLC now owns 1,151,161 shares of the company’s stock valued at $108,819,000 after buying an additional 224,586 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in AmerisourceBergen Corporation (Holding Co) during the second quarter valued at $3,398,000. Finally, Brookstone Capital Management boosted its position in AmerisourceBergen Corporation (Holding Co) by 5.4% in the second quarter. Brookstone Capital Management now owns 5,137 shares of the company’s stock valued at $486,000 after buying an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 68.87% of the company’s stock.

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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