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.
Investment analysts gave a few price targets for ABC. The highest price target was 106, implying a possible profit of 12.8 percent. The most pessimistic price target was 87, which equates to a potential downside of -7.42 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by 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. Over the past 30 days, FY earnings estimates have also changed downwards by -0.09 percent. If we look at the last 90 days instead, we find a net average change of 0.77 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 2 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 3 analysts made negative revisions to their fiscal year's 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. ABC has a PEG ratio of 1.23.
ABC has a 52-week high of 97.85 and a 52-week low of 68.38. Today's price is 37.42 percent above the 52-week low, and below the high by 3.97 percent. 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 market cap of ABC is $20.26 billion. ABC will post this quarters earnings in days, on 0000-00-00.