Friday, 20 September, 2019

AmerisourceBergen Corporation (ABC) Analysts See $1.34 EPS

Lora Ball | 05 January, 2018, 23:24

Company is set for increased earnings of 14.07, need to understand that analyst forecasts can often go wrong. Cowen & Co maintained Hexcel Corporation (NYSE:HXL) rating on Monday, July 24.

Several other brokerages have also recently weighed in on ABC. The stock of AmerisourceBergen Corporation (NYSE:ABC) has "Buy" rating given on Wednesday, November 22 by Needham. Leerink Swann now has a "Buy" rating and a $105.00 price objective on the stock. UBS maintained it with "Neutral" rating and $87 target in Friday, August 4 report.

Recently, In a note issued to clients on Tuesday morning, AmerisourceBergen Corporation (NYSE:ABC) shares have had their "Buy" Rating reaffirmed by analysts at Needham, who now has a $93.0 TP on firm. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. AmerisourceBergen has an average rating of "Buy" and a consensus target price of $95.26.

AmerisourceBergen (NYSE:ABC) traded up $0.25 during trading on Tuesday, reaching $94.29. 1,035,200 shares of the stock traded hands, compared to its average volume of 1,086,650. The company has a market cap of $20.68 Billion. When we see the company's Volatility, it now has a monthly volatility of 2.18% and weekly volatility of 1.77%. AmerisourceBergen has $130 highest and $9 lowest target.

AmerisourceBergen (NYSE:ABC) last posted its earnings results on Thursday, November 2nd. During the same quarter in the prior year, the company posted $1.30 earnings per share. equities research analysts expect that AmerisourceBergen Corp. will post 6.08 earnings per share for the current year. The company had revenue of $39.12 billion for the quarter, compared to analysts' expectations of $40.10 billion. Net profit margin of AmerisourceBergen Corporation (ABC) was recorded at 0.2 percent, operating profit margin was 0.7 percent, while gross profit margin stands at 3 percent. Vulcan Value Partners LLC raised its position in AmerisourceBergen Corp.by 251.4% in the fourth quarter. Leerink Swann also issued estimates for AmerisourceBergen's Q4 2018 earnings at $1.57 EPS, Q2 2019 earnings at $1.97 EPS, Q3 2019 earnings at $1.61 EPS, Q4 2019 earnings at $1.68 EPS, FY2019 earnings at $6.70 EPS and FY2020 earnings at $7.25 EPS.

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The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.54 by $0.03. A way to measure volatility is to take the average range for each period, from the low price value to the high price value.

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A number of hedge funds have recently made changes to their positions in ABC. First Merchants Corp raised its holdings in shares of AmerisourceBergen by 160.5% during the third quarter. First Merchants Corp now owns 27,342 shares of the company's stock worth $2,262,000 after acquiring an additional 16,848 shares in the last quarter.

Burgundy Asset Management Ltd decreased Equifax Inc. Ltd. boosted its position in shares of AmerisourceBergen by 23.3% during the third quarter. Thrivent Financial For Lutherans now owns 6,250 shares of the company's stock valued at $591,000 after buying an additional 180 shares during the period. Wedge Capital Management L L P NC boosted its position in shares of AmerisourceBergen by 17.3% during the third quarter. Wedge Capital Management L L P NC now owns 494,216 shares of the company's stock worth $40,896,000 after purchasing an additional 72,743 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of AmerisourceBergen by 0.7% during the second quarter. Finally, Burgundy Asset Management Ltd. boosted its position in shares of AmerisourceBergen by 3.3% during the second quarter.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The Price to Sales (P/S) ratio of the stock is 0.14, while P/B (Price to Book) stands at 9.97.

Eagle Asset Management Inc decreased its stake in Hexcel Corp (HXL) by 0.31% based on its latest 2017Q3 regulatory filing with the SEC. The stock has "Buy" rating by Leerink Swann on Tuesday, January 2. The shares were sold at an average price of $76.94, for a total transaction of $1,642,669.00. Following the completion of the sale, the chairman now directly owns 260,226 shares of the company's stock, valued at $20,021,788.44. The disclosure for this sale can be found here.

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