Short Term Price Target on AmerisourceBergen Corporation (Holding Co) (ABC)

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) : The highest short term price target forecast on AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) is $105 and the lowest target price is $77. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $85.18 with a standard deviation of $7.39.

Shares of AmerisourceBergen Corporation rose by 2.28% in the last five trading days and 4.87% for the last 4 weeks. AmerisourceBergen Corporation has dropped 7.89% during the last 3-month period . Year-to-Date the stock performance stands at -22.87%. Also, Brokerage firm Bank of America reinstates its rating on AmerisourceBergen Corporation (Holding Co) (NYSE:ABC). The shares have been rated Neutral. The rating by the firm was issued on June 7, 2016.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) : 1 brokerage houses believe that AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on AmerisourceBergen Corporation (Holding Co) (NYSE:ABC). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 2.75.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.61 and $77.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.32, notching a gain of 2.67% for the day. The total traded volume was 3,196,307 . The stock had closed at $77.26 on the previous day.

In an insider trading activity, The officer (Executive Vice President), of Amerisourcebergen Corp, Danilewitz Dale had unloaded 1,586 shares at $86.8 per share in a transaction on March 1, 2016. The total value of transaction was $137,665. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

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