HomeCompaniesHold on to your shares: AmerisourceBergen Corporation (ABC) Stock

Hold on to your shares: AmerisourceBergen Corporation (ABC) Stock

BofA Securities raised the price target for the AmerisourceBergen Corporation (NYSE:ABC) stock from “a Neutral” to “a Buy”. The rating was released on October 11, 2022, according to finviz. The research report from Evercore ISI has downgraded the stock from Outperform to In-line, with a price target set at $150. The stock was upgraded by Deutsche Bank, who disclosed in a research note on June 07, 2022, from Hold to Buy and set the price objective to $178.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of AmerisourceBergen Corporation (NYSE:ABC) dipped -0.18% to close Tuesday’s market session at $161.43, lower as compared to yesterday’s close. The stock price fluctuated between $157.64 and $162.04 throughout the trading session with the volume trading being 1087168 shares, which represented a significant variation when compared to the three months average volume of 1.59 million shares. The firm’s stock price fluctuated -1.66% within the last five trades and -4.66% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 11.99% in the last 6 months and 9.27% was added to its value over the previous 3 months. ABC stock is trading at a margin of -2.29%, -2.10% and 6.00% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, ABC deals in the Healthcare domain. The stock is trading -7.56 percent below its 52-week high and 26.18 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 16.74. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does AmerisourceBergen Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 1.00 percent and the profit margin is 0.70 percent, and the company has reported a gross margin of 3.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $32.83 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for AmerisourceBergen Corporation (NYSE:ABC) is 20.08. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 12.76. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.14 that mirrors the cost to be found for sales by the market.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.20 percent of AmerisourceBergen Corporation shares are owned by insiders, and 72.40 percent are held by financial institutions. COLLIS STEVEN H, the Chairman, President & CEO at AmerisourceBergen Corporation (ABC) has sold 10,499 shares of firm on Jan 17 at a price of $164.28 against the total amount of $1.72 million. In another inside trade, Donato Leslie E, EVP & Chief Strategy Officer of AmerisourceBergen Corporation (NYSE:ABC) sold 930 shares of the firm on Dec 22 for a total worth of $0.16 million at a price of $170.00. An inside trade which took place on Dec 21, SVP & Chief Accounting Officer of AmerisourceBergen Corporation Krikorian Lazarus sold 2,218 shares of firm against total price of $0.38 million at the cost of $169.24 per share.



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