AmerisourceBergen Corporation (Holding Co) (ABC) Stock Rating Lowered by Vetr Inc., Report finds

AmerisourceBergen Corporation (Holding Co) (ABC) Stock Rating Lowered by Vetr Inc., Report finds

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research report issued on Wednesday. They presently have a $94.25 target price on the stock. Vetr‘s price objective would indicate a potential upside of 3.49% from the stock’s current price.

ABC has been the topic of several other research reports. Morgan Stanley upgraded AmerisourceBergen Corporation (Holding Co) from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $84.00 to $86.00 in a report on Thursday, November 10th. Leerink Swann upgraded AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating and set a $95.00 price objective on the stock in a report on Tuesday, January 17th. Mizuho cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Tuesday, January 3rd. Zacks Investment Research raised AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Tuesday, January 17th. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Sunday. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. AmerisourceBergen Corporation (Holding Co) currently has an average rating of “Buy” and an average price target of $95.18.

AmerisourceBergen Corporation (NYSE:ABC) traded up 0.82% during midday trading on Wednesday, hitting $91.07. 1,469,758 shares of the company’s stock traded hands. The company has a 50 day moving average of $84.12 and a 200-day moving average of $82.39. The company has a market capitalization of $19.79 billion, a PE ratio of 15.21 and a beta of 0.82. AmerisourceBergen Corporation has a 52 week low of $68.38 and a 52 week high of $92.48.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last posted its quarterly earnings data on Tuesday, January 31st. The company reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.13. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $39 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 62.44% and a net margin of 0.91%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 EPS. Equities research analysts predict that AmerisourceBergen Corporation will post $5.83 earnings per share for the current year.

In other news, Chairman Steven H. Collis sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $77.94, for a total transaction of $1,169,100.00. Following the completion of the transaction, the chairman now directly owns 238,876 shares in the company, valued at $18,617,995.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 27.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of ABC. Wetherby Asset Management Inc. raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 15.9% in the fourth quarter. Wetherby Asset Management Inc. now owns 7,639 shares of the company’s stock worth $597,000 after buying an additional 1,046 shares during the period. Burney Co. raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 2.4% in the fourth quarter. Burney Co. now owns 106,306 shares of the company’s stock worth $8,312,000 after buying an additional 2,466 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 290,883 shares of the company’s stock worth $22,744,000 after buying an additional 860 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 50.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 5,363 shares of the company’s stock worth $419,000 after buying an additional 1,797 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of AmerisourceBergen Corporation (Holding Co) during the fourth quarter worth approximately $1,034,000. Institutional investors own 69.15% of the company’s stock.

AmerisourceBergen Corporation (Holding Co) Company Profile

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.

To view Vetr’s full report, visit Vetr’s official website.

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AmerisourceBergen Corporation (Holding Co) (ABC) Stock Rating Lowered by Vetr Inc.

AmerisourceBergen Corporation (Holding Co) (ABC) Stock Rating Lowered by Vetr Inc.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research report issued on Wednesday. They presently have a $94.25 target price on the stock. Vetr‘s price objective would indicate a potential upside of 3.49% from the stock’s current price.

ABC has been the topic of several other research reports. Morgan Stanley upgraded AmerisourceBergen Corporation (Holding Co) from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $84.00 to $86.00 in a report on Thursday, November 10th. Leerink Swann upgraded AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating and set a $95.00 price objective on the stock in a report on Tuesday, January 17th. Mizuho cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Tuesday, January 3rd. Zacks Investment Research raised AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Tuesday, January 17th. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Sunday. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. AmerisourceBergen Corporation (Holding Co) currently has an average rating of “Buy” and an average price target of $95.18.

AmerisourceBergen Corporation (NYSE:ABC) traded up 0.82% during midday trading on Wednesday, hitting $91.07. 1,469,758 shares of the company’s stock traded hands. The company has a 50 day moving average of $84.12 and a 200-day moving average of $82.39. The company has a market capitalization of $19.79 billion, a PE ratio of 15.21 and a beta of 0.82. AmerisourceBergen Corporation has a 52 week low of $68.38 and a 52 week high of $92.48.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last posted its quarterly earnings data on Tuesday, January 31st. The company reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.13. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $39 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 62.44% and a net margin of 0.91%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 EPS. Equities research analysts predict that AmerisourceBergen Corporation will post $5.83 earnings per share for the current year.

In other news, Chairman Steven H. Collis sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $77.94, for a total transaction of $1,169,100.00. Following the completion of the transaction, the chairman now directly owns 238,876 shares in the company, valued at $18,617,995.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 27.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of ABC. Wetherby Asset Management Inc. raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 15.9% in the fourth quarter. Wetherby Asset Management Inc. now owns 7,639 shares of the company’s stock worth $597,000 after buying an additional 1,046 shares during the period. Burney Co. raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 2.4% in the fourth quarter. Burney Co. now owns 106,306 shares of the company’s stock worth $8,312,000 after buying an additional 2,466 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 290,883 shares of the company’s stock worth $22,744,000 after buying an additional 860 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 50.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 5,363 shares of the company’s stock worth $419,000 after buying an additional 1,797 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of AmerisourceBergen Corporation (Holding Co) during the fourth quarter worth approximately $1,034,000. Institutional investors own 69.15% of the company’s stock.

AmerisourceBergen Corporation (Holding Co) Company Profile

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.

To view Vetr’s full report, visit Vetr’s official website.

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