Impact of Brokerage Rating on AmerisourceBergen Corporation (Holding Co)(ABC)

Many AmerisourceBergen Corporation (Holding Co)(ABC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. AmerisourceBergen Corp. was Upgraded by Leerink Partners to Outperform on Jan 17, 2017. AmerisourceBergen Corp. was Upgraded by BofA/Merrill to Buy on Jan 12, 2017. AmerisourceBergen Corp. was Downgraded by Mizuho on Jan 3, 2017 to Neutral, Price Target of the shares are set at $83.

Company has reported several Insider transactions to the SEC, on Feb 2, 2017, Steven H Collis (Chairman, President & CEO) sold 15,000 shares at 87.15 per share price.On Sep 22, 2016, Henry Wadsworth Iii Mcgee (director) sold 3,351 shares at 82.10 per share price.On Sep 8, 2016, Kathy H. Gaddes (Executive Vice President) sold 681 shares at 88.15 per share price.

AmerisourceBergen Corp. Last issued its quarterly earnings results on Jan 31, 2017. The company reported $1.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.13. Analyst had a consensus of $1.23. The company had revenue of $38169.30 million for the quarter, compared to analysts expectations of $39009.35 million. The companys revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.38 by 12 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 8 Brokerage Firms have advised hold.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC): 11 analysts have set the short term price target of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) at $90.73. The standard deviation of short term price target has been estimated at $5.29, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 100 and $83 respectively.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) rose 0.38% or 0.34 points on Tuesday and made its way into the gainers of the day. After trading began at $90 the stock was seen hitting $91.09 as a peak level and $89.73 as the lowest level. The stock ended up at $90.82. The daily volume was measured at 2,066,338 shares. The 52-week high of the share price is $94.5 and the 52-week low is $68.38. The company has a market cap of $19,733 million.

AmerisourceBergen Corporation provides pharmaceutical services. It distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers. The Company also provides pharmacy services to certain specialty drug patients. AmerisourceBergen Corporation is based in Chesterbrook, Pennsylvania.

AmerisourceBergen

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