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 price target was 106, implying potential capital gains of 12.8 percent. The minimum price target given was 87, implying a possible loss of -7.42 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -1.44 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.09 percent, as compared to a month ago. 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, compared to 3 analysts that revised their FY estimates downwards.
ABC has an estimated earnings growth rate of 14.77 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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. The current market price is above the trailing year's low by 37.42 percent, and 3.97 percent below the high. ABC has a price/earnings 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's next earnings release will be on 0000-00-00, which is days away.