AmerisourceBergen Corporation (NYSE:ABC) currently has a daily average trading volume of 1.36M but it saw 1131033 shares traded on Thursday. With a market cap of 30.84B USD, stock’s current market price of $152.05 came rising about 1.63 while comparing to the previous closing price of $149.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $174.63 and as low as $135.14. In the recent trading on the day, stock has struck highest price mark of $152.525 while lowest mark touched by it was $149.07.
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Taking a look at 20-day trading activity of AmerisourceBergen Corporation (ABC) gives us an average price of $155.06, while its current price level is -12.93% below from 52-week high level whereas it is 12.51% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $159.12 while that of 200 days or SMA-200 reads an average of $152.30. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.23% during that period while stretching the period over a month that decreases to 1.98%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.57 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 17 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 2 are advising it as an Overweight. 10 analysts suggested the investors to Buy the stock while 5 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Evercore ISI which resumed the stock as “Outperform” in its note to investors issued on January 31, 2023, recommending a price target of $185 for it. BofA Securities upgraded its recommendation for the stock as a “Buy” from “Neutral” on October 11, 2022 while assigning a price target range of $160-$169.
Over the week, ABC’s stock price is moving 1.37% up while it is -3.37% when we observe its performance for the past one month. Year-to-date it is -8.24% down and over the past year, the stock is showing an upside performance of 0.44%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2022, when its quarterly earnings per share (EPS) of $2.71 beat the consensus estimate of $2.64 for the same. The company is expected to be releasing its next quarterly report in 05/03/2023, for which analysts forecasted an EPS of $3.28 while estimate for next year EPS is $11.64. For ABC, analysts are forecasting an EPS-growth rate of 5.50% for current year and estimate for EPS growth in next year is 8.20%. In next quarter, company is expected to be making quarterly sales of $63.36 billion as analysts are expecting the sales for current fiscal year at $252.09 billion and seeing the company making $265.64 billion in sales next year. Moreover, analysts are in estimates of $60.5 billion for current-quarter revenue.
Currently, AmerisourceBergen Corporation’s total number of outstanding shares is 204.03M with 16.95% of that held by the insiders while 73.53% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 34.50%. It has a price to earnings ratio (P/E ratio) of 18.46 while having a 12.07 of forward P/E ratio. Stock’s beta reads 0.52. Stock has a price to sale or P/S ratio amounts to 0.13. Its return on asset (ROA) is 3.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market Index came shrinking its share ownership by 0.73% in the AmerisourceBergen Corporation (ABC) increasing its stake to 2.49% with control over 36279.0 shares in the company. As per SEC documents, Vanguard Total Stock Market Index sought 5,035,218 of company’s common stock of worth $783.28 million as per recent closing price of the stock. Vanguard Total Stock Market Index is not the only institutional holder which restructured its stake in AmerisourceBergen Corporation, as Vanguard Mid Cap Index Fund picked 3,836,757 shares of worth $596.85 million to bring its holdings to a total of 6152.0 shares. In the most recent quarter, Vanguard 500 Index Fund came rising its stake by 0.24% in the company and now holds 3.75 million or 1.86% of the company’s stake having worth of about 583.74 million.
