AmerisourceBergen Corporation (Holding Co) (ABC) Earning Somewhat Favorable Press Coverage, Analysis Finds
News headlines about AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) have trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. AmerisourceBergen Corporation (Holding Co) earned a news sentiment score of 0.01 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.661846673084 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
- Tim G. Guttman Sells 11,600 Shares of AmerisourceBergen Corporation (Holding Co) (ABC) Stock (americanbankingnews.com)
- AmerisourceBergen Entering Buying Territory (seekingalpha.com)
- AmerisourceBergen Corporation (Holding Co) (ABC) Receives New Coverage from Analysts at Royal Bank of Canada (americanbankingnews.com)
- State attorneys general subpoena opioid makers and dealer… (finance.yahoo.com)
- AmerisourceBergen Corp. : ABC-US: Dividend Analysis : August 21st, 2017 (record date) : By the numbers : September 18, 2017 (finance.yahoo.com)
Several equities analysts have recently issued reports on the company. Bank of America Corporation lowered AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $95.76 to $94.00 in a research report on Friday, June 30th. Jefferies Group LLC restated a “hold” rating and set a $95.00 target price on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Wednesday, June 21st. Zacks Investment Research lowered AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Credit Suisse Group restated a “buy” rating and set a $95.00 target price on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Thursday, July 13th. Finally, BidaskClub lowered AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. AmerisourceBergen Corporation (Holding Co) presently has a consensus rating of “Hold” and a consensus target price of $91.86.
AmerisourceBergen Corporation (NYSE ABC) traded up 0.83% during trading on Friday, hitting $81.05. The stock had a trading volume of 835,921 shares. The firm has a market capitalization of $17.76 billion, a P/E ratio of 21.12 and a beta of 0.95. AmerisourceBergen Corporation has a one year low of $68.38 and a one year high of $97.85. The stock has a 50 day moving average of $80.95 and a 200 day moving average of $87.43.
AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $38.71 billion during the quarter, compared to analysts’ expectations of $39.13 billion. During the same quarter last year, the firm posted $1.37 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts expect that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st were paid a $0.365 dividend. The ex-dividend date was Thursday, August 17th. This represents a $1.46 dividend on an annualized basis and a yield of 1.80%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is presently 38.02%.
In other news, Chairman Steven H. Collis sold 15,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chairman now owns 253,876 shares in the company, valued at $24,057,289.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gina Clark sold 1,273 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $80.94, for a total value of $103,036.62. Following the completion of the transaction, the insider now owns 10,830 shares in the company, valued at approximately $876,580.20. The disclosure for this sale can be found here. Insiders sold 62,873 shares of company stock valued at $5,245,089 in the last three months. Insiders own 27.40% of the company’s stock.
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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.
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