Today it was reported that the COB, Pres & CEO of AmerisourceBergen Corporation (ABC), Steven Collis, exercised options to sell 107,826 ABC shares at $58.74 a share, for a total transaction value of $9.29M.
Following Steven Collis’ last ABC Sell transaction on December 02, 2016, the stock climbed by 10.7%. In addition to Steven Collis, 3 other ABC executives reported Sell trades in the last month.
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Based on AmerisourceBergen Corporation’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $43.32 billion and quarterly net profit of $27.14 million. In comparison, last year the company earned revenue of $41.03 billion and had a net profit of $287 million. ABC’s market cap is $18.09B and the company has a P/E ratio of 19.94. Currently, AmerisourceBergen Corporation has an average volume of 1.88M.
Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $86.50, reflecting a 1.1% upside.
The insider sentiment on AmerisourceBergen Corporation has been negative according to 75 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.
