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.

A number of analysts gave price targets for ABC. The highest price target was 106, which equates to a potential upside of 12.8 percent. The lowest price target was 87, implying potential capital losses 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.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -1.44 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.09 percent, compared to last month. 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. Over the past month, 2 analysts increased their quarterly estimates, while 2 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 3 analysts decreased their estimates.

The growth rate of ABC's earnings is estimated by analysts to be 14.77 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of ABC is 1.23.

In the trailing 52-weeks, ABC hit 97.85 at the highest peak, while it's lowest trading point was 68.38. Currently the stock is 37.42 percent higher than its low, and 3.97 percent lower than its 52-week 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's next earnings release will be on 0000-00-00, which is days away.