AmerisourceBergen Corp. (ABC) : West Oak Capital reduced its stake in AmerisourceBergen Corp. by 0.82% during the most recent quarter end. The investment management company now holds a total of 20,045 shares of AmerisourceBergen Corp. which is valued at $1.7 Million after selling 165 shares in AmerisourceBergen Corp. according to a report filed by the company on Apr 5, 2016 with the SEC.AmerisourceBergen Corp. makes up approximately 1.32% of West Oak Capital’s portfolio.
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On the company’s financial health, AmerisourceBergen Corp. reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $1.25. The company had revenue of $36709.00 million for the quarter, compared to analysts expectations of $36851.62 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.
Many Wall Street Analysts have commented on AmerisourceBergen Corp.. AmerisourceBergen Corp. was Initiated by Credit Suisse to “Outperform” on Mar 16, 2016. Shares were Reiterated by Deutsche Bank on Feb 5, 2016 to “Hold” and Lowered the Price Target to $ 96 from a previous price target of $103 .AmerisourceBergen Corp. was Reiterated by Barclays to “Equal Weight” on Feb 5, 2016.
AmerisourceBergen Corp. closed down -0.87 points or -1.02% at $84.44 with 18,69,825 shares getting traded on Monday. Post opening the session at $85.16, the shares hit an intraday low of $84.36 and an intraday high of $85.535 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company operates through two segments: Pharmaceutical Distribution and Other. The Company also provides data and other services to its manufacturing customers. The Company provides services to healthcare providers and pharmaceutical and biotech manufacturers. The Company provides pharmacy services to certain specialty drug patients. Additionally the Company offers healthcare providers and pharmaceutical manufacturers with services including reimbursement and pharmaceutical consulting services logistics services inventory management pharmacy automation and pharmacy management. The Company has a distribution facility network totaling approximately 30 distribution facilities in the United States.