Headlines about AmerisourceBergen (NYSE:ABC) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. AmerisourceBergen earned a news impact score of 0.14 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.8781082865158 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- AmerisourceBergen Corporation (Holding Co) (ABC) CFO Sells $994,468.00 in Stock (americanbankingnews.com)
- AmerisourceBergen Corporation (ABC) sees rally of 15.70% ROE – Morning Outlook (morningoutlook.com)
- AmerisourceBergen closes $1.5B debt offering (bizjournals.com)
- AmerisourceBergen (ABC) Receives New Coverage from Analysts at Deutsche Bank (americanbankingnews.com)
- AmerisourceBergen Corporation (Holding Co) (ABC) EVP Sells $808,493.40 in Stock (americanbankingnews.com)
A number of equities research analysts have recently issued reports on ABC shares. Robert W. Baird set a $99.00 price target on AmerisourceBergen and gave the company a “buy” rating in a research report on Friday, December 1st. Needham & Company LLC increased their price objective on AmerisourceBergen from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, November 22nd. Jefferies Group set a $85.00 price target on AmerisourceBergen and gave the stock a “hold” rating in a report on Sunday, October 29th. Deutsche Bank assumed coverage on AmerisourceBergen in a report on Monday. They set a “buy” rating and a $97.00 price target on the stock. Finally, Royal Bank Of Canada assumed coverage on shares of AmerisourceBergen in a research report on Tuesday, September 19th. They issued a “sector perform” rating and a $87.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. AmerisourceBergen currently has a consensus rating of “Buy” and a consensus target price of $91.95.
Shares of AmerisourceBergen (ABC) traded up $0.10 during mid-day trading on Wednesday, reaching $85.99. 1,524,773 shares of the company’s stock were exchanged, compared to its average volume of 1,796,555. The firm has a market cap of $19,064.73, a price-to-earnings ratio of 14.84, a P/E/G ratio of 1.52 and a beta of 1.00. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.91 and a quick ratio of 0.48. AmerisourceBergen has a 52-week low of $71.90 and a 52-week high of $97.85.
AmerisourceBergen (NYSE:ABC) last issued its earnings results on Thursday, November 2nd. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.01. AmerisourceBergen had a net margin of 0.27% and a return on equity of 56.29%. The business had revenue of $39.12 billion for the quarter, compared to analyst estimates of $40.10 billion. During the same quarter in the prior year, the business posted $1.30 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. research analysts predict that AmerisourceBergen will post 6.06 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 20th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, November 17th. This is an increase from AmerisourceBergen’s previous quarterly dividend of $0.37. AmerisourceBergen’s dividend payout ratio is currently 82.16%.
In other AmerisourceBergen news, EVP Peyton R. Howell sold 9,423 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $85.80, for a total value of $808,493.40. Following the completion of the transaction, the executive vice president now owns 57,412 shares in the company, valued at approximately $4,925,949.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Tim G. Guttman sold 11,600 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $74.28, for a total transaction of $861,648.00. Following the completion of the sale, the chief financial officer now directly owns 40,326 shares of the company’s stock, valued at $2,995,415.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 165,407 shares of company stock valued at $13,310,758. 27.40% of the stock is owned by insiders.
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AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company’s segments include Pharmaceutical Distribution and Other. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. As of June 30, 2016, the Pharmaceutical Distribution segment consists of two operating segments, including the operations of AmerisourceBergen Drug Corporation (ABDC) and AmerisourceBergen Specialty Group (ABSG), which distributes specialty drugs to their customers.
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