AmerisourceBergen Corporation (ABC) upgraded Issued by Wall Street Gurus

AmerisourceBergen Corporation (NYSE:ABC) went up by 1.99% from its latest closing price compared to the recent 1-year high of $106.45. The company’s stock price has collected 0.61% of gains in the last five trading sessions.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Is It Worth Investing in AmerisourceBergen Corporation (NYSE :ABC) Right Now?

AmerisourceBergen Corporation (NYSE:ABC) scored a price-to-earnings ratio above its average ratio, recording 12.79 x from its present earnings ratio. Plus, the 36-month beta value for ABC is at 0.54. Opinions of the stock are interesting as 9 analysts out of 18 who provided ratings for AmerisourceBergen Corporation declared the stock was a “buy,” while 2 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”

The average price from analysts is $112.07, which is $14.02 above the current price. ABC currently public float of 146.95M and currently shorts hold a 2.26% ratio of that float. Today, the average trading volume of ABC was 994.76K shares.

ABC’s Market Performance

ABC stocks went up by 0.61% for the week, with a monthly drop of -6.41% and a quarterly performance of -3.35%, while its annual performance rate touched 16.36%. The volatility ratio for the week stands at 2.50% while the volatility levels for the past 30 days are set at 2.46% for AmerisourceBergen Corporation. The simple moving average for the period of the last 20 days is -0.43% for ABC stocks with a simple moving average of 4.87% for the last 200 days.

Analysts’ Opinion of ABC

Many brokerage firms have already submitted their reports for ABC stocks, with Morgan Stanley repeating the rating for ABC by listing it as a “Overweight.” The predicted price for ABC in the upcoming period, according to Morgan Stanley is $112 based on the research report published on June 15th of the current year 2020.

Credit Suisse, on the other hand, stated in their research note that they expect to see ABC reach a price target of $105. The rating they have provided for ABC stocks is “Outperform” according to the report published on April 23rd, 2020.

JP Morgan gave a rating of “ Overweight” to ABC, setting the target price at $106 in the report published on April 1st of the current year.

ABC Trading at -3.26% from the 50-Day Moving Average

After a stumble in the market that brought ABC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.07% of loss for the given period.

Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares sank -5.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.54% lower at present.

During the last 5 trading sessions, ABC rose by +0.61%, which changed the moving average for the period of 200-days by +10.10% in comparison to the 20-day moving average, which settled at $96.90. In addition, AmerisourceBergen Corporation saw 13.84% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ABC starting from Chou John G., who sold 5,602 shares at the price of $94.88 back on Sep 15. After this action, Chou John G. now owns 51,795 shares of AmerisourceBergen Corporation, valued at $531,518 using the latest closing price.

Clark Gina, the Executive Vice President of AmerisourceBergen Corporation, sold 3,097 shares at $97.72 during a trade that took place back on Aug 27, which means that Clark Gina is holding 15,431 shares at $302,639 based on the most recent closing price.

Stock Fundamentals for ABC

Current profitability levels for the company are sitting at:

  • +1.04 for the present operating margin
  • +2.52 for the gross margin

The net margin for AmerisourceBergen Corporation stands at +0.48. The total capital return value is set at 24.56, while invested capital returns managed to touch 11.66. Equity return is now at value 47.30, with 3.90 for asset returns.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Based on AmerisourceBergen Corporation (ABC), the company’s capital structure generated 156.08 points at debt to equity in total, while total debt to capital is 60.95. Total debt to assets is 11.39, with long-term debt to equity ratio resting at 9.55. Finally, the long-term debt to capital ratio is 151.25.

When we switch over and look at the enterprise to sales, we see a ratio of 0.10, with the company’s debt to enterprise value settled at 0.24. The receivables turnover for the company is 15.15 and the total asset turnover is 4.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.

Related Articles

At Home Group Inc. (HOME) Just Got Our Attention

At Home Group Inc. (NYSE:HOME) went up by 1.43% from its latest closing price compared to the recent 1-year high of $23.92. The company’s...

Highlights from the Ratings and Financial Report for US Foods Holding Corp. (USFD)

US Foods Holding Corp. (NYSE:USFD) went up by 0.40% from its latest closing price compared to the recent 1-year high of $42.78. The company’s...

Looking Closely at the Growth Curve for Peabody Energy Corporation (BTU)

Peabody Energy Corporation (NYSE:BTU) went down by -10.29% from its latest closing price compared to the recent 1-year high of $16.75. The company’s stock...

Latest Posts

At Home Group Inc. (HOME) Just Got Our Attention

At Home Group Inc. (NYSE:HOME) went up by 1.43% from its latest closing price compared to the recent 1-year high of $23.92. The company’s...

Highlights from the Ratings and Financial Report for US Foods Holding Corp. (USFD)

US Foods Holding Corp. (NYSE:USFD) went up by 0.40% from its latest closing price compared to the recent 1-year high of $42.78. The company’s...

Looking Closely at the Growth Curve for Peabody Energy Corporation (BTU)

Peabody Energy Corporation (NYSE:BTU) went down by -10.29% from its latest closing price compared to the recent 1-year high of $16.75. The company’s stock...

Wall Street Pummels DGLY After Recent Earnings Report

Digital Ally Inc. (NASDAQ:DGLY) went down by -3.88% from its latest closing price compared to the recent 1-year high of $7.10. The company’s stock...

Daily High to Daily Low: Is It Safe to Buy Broadcom Inc. (AVGO)?

Broadcom Inc. (NASDAQ:AVGO) went up by 1.21% from its latest closing price compared to the recent 1-year high of $378.96. The company’s stock price...