Somewhat Positive Press Coverage Somewhat Unlikely to Affect AmerisourceBergen Corporation (Holding Co) (ABC) Stock Price
Media headlines about AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AmerisourceBergen Corporation (Holding Co) earned a news impact score of 0.15 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.9146679946488 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
AmerisourceBergen Corporation (NYSE:ABC) traded down 0.10% on Tuesday, reaching $80.00. The company had a trading volume of 2,126,689 shares. The stock has a market capitalization of $17.53 billion, a P/E ratio of 20.84 and a beta of 0.91. AmerisourceBergen Corporation has a 12 month low of $68.38 and a 12 month high of $97.85. The firm has a 50-day moving average of $90.00 and a 200-day moving average of $89.20.
AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share (EPS) for the quarter, beating the 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 the consensus estimate of $39.13 billion. During the same period in the prior year, the firm earned $1.37 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts expect that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be issued a $0.365 dividend. The ex-dividend date is Thursday, August 17th. This represents a $1.46 annualized dividend and a yield of 1.83%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is currently 38.02%.
ABC has been the subject of a number of research reports. Vetr raised AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “strong-buy” rating and set a $97.44 price objective for the company in a research note on Tuesday, April 18th. Zacks Investment Research cut AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. Mizuho lifted their price objective on AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, May 30th. UBS AG dropped their price objective on AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, August 4th. Finally, BidaskClub raised AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. AmerisourceBergen Corporation (Holding Co) has an average rating of “Hold” and an average target price of $93.14.
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In other news, Chairman Steven H. Collis sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $94.76, for a total transaction of $1,421,400.00. Following the completion of the sale, the chairman now directly owns 253,876 shares in the company, valued at $24,057,289.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.40% of the stock is currently owned by corporate insiders.
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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