In a report released today, Ricky Goldwasser from Morgan Stanley maintained a Hold rating on AmerisourceBergen Corporation (ABC), with a price target of $91. The company’s shares closed on Friday at $88.90.
According to TipRanks.com, Goldwasser is a 3-star analyst with an average return of 3.0% and a 56.2% success rate. Goldwasser covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Quest Diagnostics Inc, and Charles River Labs.
AmerisourceBergen Corporation has an analyst consensus of Hold, with a price target consensus of $91.40, implying a 2.8% upside from current levels. In a report issued on November 30, RBC Capital also maintained a Hold rating on the stock with a $87 price target.
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AmerisourceBergen Corporation’s market cap is currently $18.96B and has a P/E ratio of 11.84. The company has a Price to Book ratio of 6.46.
Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock. Last month, Lazarus Krikorian, the SVP of ABC sold 20,276 shares for a total of $1,832,342.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
AmerisourceBergen Corp. engages provision of pharmaceutical products and business solutions that improve access to care. It operates through the Pharmaceutical Distribution Services and Other segments.
