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Tuesday, March 21, 2023

AmerisourceBergen Corporation (NYSE: ABC): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for AmerisourceBergen Corporation (ABC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.12, or 0.68%, to $166.43. The AmerisourceBergen Corporation has recorded 54,913 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that AmerisourceBergen Announces Intent to Change Name to Cencora.

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Stocks Info

ABC belongs to the Healthcare sector of the NYSE while operating in the Medical Distribution industry. At the end of the last regular session, the stock closed at $165.31 and fluctuated between $166.27 as its day high and $164.39 as its day low. The current market capitalization of AmerisourceBergen Corporation is $33.62B. A total of 1.18 million shares were traded on the day, compared to an average of 1.60M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ABC has seen 44 BUY and 52 SELL insider trades, representing the acquisition of 378,020 and the disposition of 19,458,114 shares. Over the last 12 months, there were 76 BUYs and 75 SELLs from insiders. Insiders purchased 626,770 shares during that period but sold 25,711,932.

In the most recent transaction, COLLIS STEVEN H sold 10,499 shares of ABC for 164.28 per share on Jan 17. After the transaction, the Chairman, President & CEO now owns 257,967 company shares. In a previous transaction on Dec 22, Donato Leslie E sold 930 shares at 170.00 per share. ABC shares that EVP & Chief Strategy Officer owns now total 6,054.

Among the insiders who sold shares, Krikorian Lazarus disposed of 2,218 shares on Dec 21 at a per-share price of $169.24. This resulted in the SVP & Chief Accounting Officer holding 20,007 shares of ABC after the transaction. In another insider transaction, Battaglia Silvana sold 9,852 shares at $167.00 per share on Dec 16. Company shares held by the Executive Vice President now total 10,784.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. AmerisourceBergen Corporation pays an annual dividend of $1.94, resulting in a dividend yield of 1.17%, and it has a price to earnings (P/E) ratio of 20.57. ABC’s most recent ex-dividend date was 11/10/2022 when it declared a $0.4850 quarterly dividend that was paid in cash on 11/28/2022. Previously, the company paid the dividend on 8/29/2022 with an ex-dividend date of 8/12/2022. The ABC stock dividend was $0.46 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ABC in the last 3 months, the mean price target is $182.55 with high estimates of $199.00 and low estimates of $162.00. In terms of 52-week highs and lows, ABC has a high of $174.63 and a low of $132.00.

As of this writing, ABC has an earnings estimate of $2.57 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $2.63 per share and a lower estimate of $2.51. The company reported an EPS of $3.22 in the last quarter, which was 9.90% higher than expectations of $2.93.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ABC is Hold with a score of 4.45. A total of 8 analysts rated the stock as Buy while 2 rated it as Overweight while 3 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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