The stock tapped a 52-week high of US$48.4 while the mean 12-month price target for the shares is US$46.29.
Other hedge funds also recently made changes to their positions in the company. Financial Advisors Network Inc. raised its holdings in AmerisourceBergen by 30.0% during the 4th quarter. Point72 Asset Management L.P. bought a new position in AmerisourceBergen in the 3rd quarter valued at approximately $75,681,000. JPMorgan Chase & Co. raised its holdings in AmerisourceBergen by 107.3% in the 3rd quarter. The company's institutional ownership is monitored at 69.8 percent.
In related news, Director Richard W. Gochnauer sold 2,000 shares of the company's stock in a transaction on Wednesday, November 29th.
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In the transaction dated February 01, 2018, the great number of shares disposed came courtesy the Chairman, President & CEO; Collis Steven H disposed a total of 21,350 shares at an average price of $98.58, amounting to approximately $2,104,683. After this sale, 51,289 common shares of ABC are directly owned by the insider, with total stake valued at $5,014,526. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The stock was sold at an average price of $78.30, for a total transaction of $349,139.70. The disclosure for this sale can be found here.
A number of equities research analysts have issued reports on ABC shares. AmerisourceBergen Corporation (NYSE:ABC) has risen 18.80% since February 14, 2017 and is uptrending. Mizuho set a $92.00 price target on shares of AmerisourceBergen and gave the company a "hold" rating in a research report on Tuesday, October 24th. Evercore ISI assumed coverage on shares of AmerisourceBergen in a research report on Thursday, January 4th. The forecast of 4 surveyed investment analysts covering the stock advises investors to Buy stake in the company. TheStreet upgraded shares of AmerisourceBergen from a "c" rating to a "b" rating in a report on Tuesday, February 6th. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.08 average brokerage recommendation. The company has a consensus rating of "Buy" and a consensus target price of $101.17.
AmerisourceBergen Corp. has a 1 year low of $71.90 and a 1 year high of $106.27. (ABC) traded up $8.32 during midday trading on Tuesday, reaching $97.77. It has forward price to earnings ratio of 13.38, and price to earnings ratio calculated as 22.15.
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The company's ATR (Average True Range) is 0.58.
AmerisourceBergen (NYSE:ABC) last issued its earnings results on Tuesday, February 6th. Comparatively, AmerisourceBergen Corporation posted earnings of $1.62 per share in the same quarter past year.
The TTM operating margin for the company stands at 0.7%. The company had revenue of $40.47 billion during the quarter, compared to analyst estimates of $40.42 billion. The 1 year EPS growth rate is -24.00%. During the same quarter in the prior year, the firm earned $1.36 EPS. sell-side analysts expect that AmerisourceBergen Corp. will post 6.58 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, March 5th. UBS maintained the stock with "Buy" rating in Friday, February 5 report. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.55%. AmerisourceBergen's dividend payout ratio (DPR) is presently 32.76%. Northland Capital initiated Ooma, Inc. "(NYSE:ABC)" was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal.