Robert W. Baird reaffirmed their buy rating on shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) in a report issued on Monday. They currently have a $96.00 price objective on the stock.

Several other equities research analysts have also commented on the stock. Morgan Stanley lowered shares of AmerisourceBergen Corporation (Holding Co) from an overweight rating to an equal weight rating in a research note on Thursday, September 14th. Mizuho set a $92.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a hold rating in a research note on Tuesday, October 24th. Zacks Investment Research lowered shares of AmerisourceBergen Corporation (Holding Co) from a hold rating to a sell rating in a research note on Tuesday, October 3rd. ValuEngine lowered shares of AmerisourceBergen Corporation (Holding Co) from a buy rating to a hold rating in a research note on Friday, September 1st. Finally, Cowen and Company raised shares of AmerisourceBergen Corporation (Holding Co) from a market perform rating to an outperform rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Hold and an average price target of $90.49.

AmerisourceBergen Corporation (ABC) traded up $0.05 during mid-day trading on Monday, hitting $74.91. 1,776,786 shares of the company’s stock were exchanged, compared to its average volume of 2,100,000. AmerisourceBergen Corporation has a 12-month low of $68.71 and a 12-month high of $97.85. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.91 and a quick ratio of 0.48. The stock has a market capitalization of $16,420.00, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.45 and a beta of 0.95.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.01. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.27% and a return on equity of 55.99%. The company had revenue of $39.12 billion for the quarter, compared to analysts’ expectations of $40.10 billion. During the same quarter in the previous year, the company earned $1.30 earnings per share. AmerisourceBergen Corporation (Holding Co)’s quarterly revenue was up 4.2% on a year-over-year basis. research analysts expect that AmerisourceBergen Corporation will post 6.03 EPS for the current fiscal year.

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In other news, Chairman Steven H. Collis sold 21,350 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $76.94, for a total value of $1,642,669.00. Following the transaction, the chairman now owns 260,226 shares of the company’s stock, valued at approximately $20,021,788.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dale Danilewitz sold 2,012 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $74.99, for a total transaction of $150,879.88. The disclosure for this sale can be found here. Insiders sold a total of 88,090 shares of company stock worth $7,008,691 in the last ninety days. 27.40% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of ABC. Thrivent Financial For Lutherans boosted its stake in AmerisourceBergen Corporation (Holding Co) by 4.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 6,070 shares of the company’s stock worth $537,000 after purchasing an additional 280 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in AmerisourceBergen Corporation (Holding Co) in the 1st quarter worth approximately $1,620,000. Xact Kapitalforvaltning AB boosted its stake in AmerisourceBergen Corporation (Holding Co) by 1.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 33,169 shares of the company’s stock worth $3,135,000 after purchasing an additional 400 shares in the last quarter. Boltwood Capital Management boosted its stake in AmerisourceBergen Corporation (Holding Co) by 2.7% in the 2nd quarter. Boltwood Capital Management now owns 7,690 shares of the company’s stock worth $726,000 after purchasing an additional 200 shares in the last quarter. Finally, Beacon Financial Group boosted its stake in AmerisourceBergen Corporation (Holding Co) by 4.7% in the 2nd quarter. Beacon Financial Group now owns 19,661 shares of the company’s stock worth $1,883,000 after purchasing an additional 888 shares in the last quarter. 67.51% 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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