Analyst Ratings for AmerisourceBergen Corp. (ABC)Updated: 2017-07-29
Shares of AmerisourceBergen Corp. (NYSE:ABC) have received a consensus rating of Overweight from Wall Street analysts. Last month, ABC received an average rating of Overweight.
19 analysts issued ratings on the stock, where 7 gave ABC a buy rating, 1 issued an overweight rating, 11 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
ABC was given price targets by several analysts. The most optimistic analyst gave a price target of 106, implying potential capital gains of 12.8 percent. The most pessimistic analyst gave a price target of 87, which equates to a potential downside of -7.42 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -1.44 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.09 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.77 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 2 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 3 analysts made negative revisions to their fiscal year's estimates.
ABC has an estimated earnings growth rate of 14.77 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of ABC is 1.23.
ABC has traded between a high of 97.85 and a low of 68.38 over the past year. Today's price is 37.42 percent above the 52-week low, and 3.97 percent below the high. ABC has a P/E ratio of 18.18. Investors typically compare the P/E ratio to a company's peers in the industry. The ABC value stock report compares ABC to some of its peers using value stock charts. The stock has a market capitalization of $20.26 billion. ABC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.