AmerisourceBergen Corporation (Holding Co) (ABC) Receives ‘Analyst’ Rating

AmerisourceBergen Corporation (Holding Co) (ABC) : 11 analysts are covering AmerisourceBergen Corporation (Holding Co) (ABC) and their average rating on the stock is 2.82, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

AmerisourceBergen Corporation (Holding Co) (ABC) : The most positive equity analysts on AmerisourceBergen Corporation (Holding Co) (ABC) expects the shares to touch $100, whereas, the least positive believes that the stock will trade at $77 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $90.5 with an expected fluctuation of $5.97 from the mean.


Also, Equity Analysts at the Deutsche Bank maintains the rating on AmerisourceBergen Corporation (Holding Co) (NYSE:ABC). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $83 per share to $96 per share. The rating by the firm was issued on August 3, 2016.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC): After opening at $83.54, the stock dipped to an intraday low of $83.06 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $84.54 and the buying power remained strong till the end. The stock closed at $84.2 for the day, a gain of 0.42% for the day session. The total traded volume was 2,438,533. The stocks close on the previous trading day was $83.85.

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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