AmerisourceBergen (ABC) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AmerisourceBergen in the last year. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ABC shares.
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14 brokers have issued 12 month target prices for AmerisourceBergen's stock. Their ABC share price forecasts range from $169.00 to $215.00. On average, they predict the company's stock price to reach $189.36 in the next year. This suggests a possible upside of 2.0% from the stock's current price.
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AmerisourceBergen's stock was trading at $165.71 at the beginning of the year. Since then, ABC stock has increased by 12.1% and is now trading at $185.7250.
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AmerisourceBergen saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,810,000 shares, a decrease of 8.4% from the June 30th total of 4,160,000 shares. Based on an average daily volume of 1,320,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 2.3% of the shares of the stock are short sold.
View AmerisourceBergen's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our ABC earnings forecast.

AmerisourceBergen Co. (NYSE:ABC) issued its earnings results on Wednesday, August, 2nd. The company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.83 by $0.09. The firm earned $66.95 billion during the quarter, compared to analyst estimates of $63.93 billion. AmerisourceBergen had a trailing twelve-month return on equity of 612.69% and a net margin of 0.66%. AmerisourceBergen's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $2.62 earnings per share.
Read the conference call transcript.

AmerisourceBergen announced a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Friday, August 11th will be given a dividend of $0.485 per share on Monday, August 28th. This represents a $1.94 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, August 10th.
Read our dividend analysis for ABC.

ETFs with the largest weight of AmerisourceBergen (NYSE:ABC) stock in their portfolio include VanEck Pharmaceutical ETF (PPH), Natixis Vaughan Nelson Mid Cap ETF (VNMC), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), AdvisorShares Focused Equity ETF (CWS), First Trust Consumer Staples AlphaDEX Fund (FXG), Adaptive Core ETF (RULE), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) and BlackRock Future Health ETF (BMED).

AmerisourceBergen (NYSE:ABC) pays an annual dividend of $1.94 per share and currently has a dividend yield of 1.05%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 23.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABC will have a dividend payout ratio of 15.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ABC.

AmerisourceBergen updated its FY23 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $11.85-11.95 for the period, compared to the consensus EPS estimate of $11.86. The company issued revenue guidance of ~$257.67 billion, compared to the consensus revenue estimate of $255.31 billion.

447 employees have rated AmerisourceBergen Chief Executive Officer Steve Collis on Glassdoor.com. Steve Collis has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other AmerisourceBergen investors own include NVIDIA (NVDA), Intel (INTC), AbbVie (ABBV), Walt Disney (DIS), CVS Health (CVS), Johnson & Johnson (JNJ), AT&T (T), JPMorgan Chase & Co. (JPM), Home Depot (HD) and Pfizer (PFE).

AmerisourceBergen trades on the New York Stock Exchange (NYSE) under the ticker symbol "ABC."

AmerisourceBergen's stock is owned by a variety of retail and institutional investors. Top institutional investors include Coho Partners Ltd. (0.72%), Bank of New York Mellon Corp (0.68%), Dimensional Fund Advisors LP (0.61%), Fort Washington Investment Advisors Inc. OH (0.51%), California Public Employees Retirement System (0.35%) and Swiss National Bank (0.31%). Insiders that own company stock include Elizabeth S Campbell, Gina Clark, Henry Wadsworth Mcgee III, John G Chou, John G Chou, Lazarus Krikorian, Leslie E Donato, Robert P Mauch, Silvana Battaglia, Steven H Collis and Walgreens Boots Alliance, Inc.
View institutional ownership trends.

Shares of ABC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ABC stock can currently be purchased for approximately $185.73.

AmerisourceBergen (NYSE:ABC) has a market capitalization of $37.60 billion and generates $254.43 billion in revenue each year. The company earns $1.70 billion in net income (profit) each year or $8.21 on an earnings per share basis.

The company employs 44,000 workers across the globe.

AmerisourceBergen's mailing address is 1300 MORRIS DRIVE, CHESTERBROOK PA, 19087. The official website for the company is www.amerisourcebergen.com. The company can be reached via phone at (610) 727-7000, via email at investorrelations@amerisourcebergen.com, or via fax at 800-640-5221.