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 most optimistic analyst gave a price target of 106, implying a possible profit of 12.8 percent. The minimum price target given 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.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -1.44 percent if we expand the time horizon to include the past 3 months instead of just one. 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.
People are often interested in whether analysts were united in the direction of their revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts revised their estimates downwards. 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.
Analysts estimate earnings of ABC to grow at a rate of 14.77 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, 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. The current market price is above the trailing year's low by 37.42 percent, 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 stock has a market capitalization of $20.26 billion. ABC will post this quarters earnings in days, on 0000-00-00.