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Is There a Dimmer Outlook Ahead for AmerisourceBergen Corporation (ABC)?

AmerisourceBergen Corporation (NYSE:ABC) went down by -2.67% from its latest closing price compared to the recent 1-year high of $167.19. The company’s stock price has collected -4.18% of loss in the last five trading sessions. The Wall Street Journal reported on 02/25/22 that Johnson & Johnson, Drug Distributors Agree to Opioid Settlement With States

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 16.98 x from its present earnings ratio. Plus, the 36-month beta value for ABC is at 0.48. Opinions of the stock are interesting as 7 analysts out of 16 who provided ratings for AmerisourceBergen Corporation declared the stock was a “buy,” while 2 rated the stock as “overweight,” 7 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $171.15, which is $31.67 above the current price. ABC currently public float of 156.08M and currently shorts hold a 2.59% ratio of that float. Today, the average trading volume of ABC was 1.46M shares.

ABC’s Market Performance

ABC stocks went down by -4.18% for the week, with a monthly drop of -1.22% and a quarterly performance of -7.80%, while its annual performance rate touched 12.36%. The volatility ratio for the week stands at 2.66% while the volatility levels for the past 30 days are set at 2.05% for AmerisourceBergen Corporation. The simple moving average for the period of the last 20 days is -2.49% for ABC stocks with a simple moving average of -0.97% for the last 200 days.

Analysts’ Opinion of ABC

Many brokerage firms have already submitted their reports for ABC stocks, with Evercore ISI repeating the rating for ABC by listing it as a “In-line.” The predicted price for ABC in the upcoming period, according to Evercore ISI is $150 based on the research report published on July 11th of the current year 2022.

Deutsche Bank, on the other hand, stated in their research note that they expect to see ABC reach a price target of $178, previously predicting the price at $167. The rating they have provided for ABC stocks is “Buy” according to the report published on June 07th, 2022.

ABC Trading at -4.20% 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 -16.86% of loss for the given period.

Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 2.66%, as shares sank -0.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.44% lower at present.

During the last 5 trading sessions, ABC fell by -4.18%, which changed the moving average for the period of 200-days by +15.97% in comparison to the 20-day moving average, which settled at $142.51. In addition, AmerisourceBergen Corporation saw 4.60% 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 COLLIS STEVEN H, who sale 11,480 shares at the price of $142.35 back on Jul 12. After this action, COLLIS STEVEN H now owns 205,178 shares of AmerisourceBergen Corporation, valued at $1,634,178 using the latest closing price.

COLLIS STEVEN H, the Chairman, President & CEO of AmerisourceBergen Corporation, sale 11,480 shares at $141.22 during a trade that took place back on Jun 14, which means that COLLIS STEVEN H is holding 205,178 shares at $1,621,206 based on the most recent closing price.

Stock Fundamentals for ABC

Current profitability levels for the company are sitting at:

  • +1.25 for the present operating margin
  • +2.93 for the gross margin

The net margin for AmerisourceBergen Corporation stands at +0.72. The total capital return value is set at 44.04, while invested capital returns managed to touch 30.94. Equity return is now at value 655.90, with 3.00 for asset returns.

Based on AmerisourceBergen Corporation (ABC), the company’s capital structure generated 1,143.70 points at debt to equity in total, while total debt to capital is 91.96. Total debt to assets is 13.61, with long-term debt to equity ratio resting at 1,092.33. Finally, the long-term debt to capital ratio is 87.83.

When we switch over and look at the enterprise to sales, we see a ratio of 0.16, with the company’s debt to enterprise value settled at 0.23. The receivables turnover for the company is 13.08 and the total asset turnover is 4.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.

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