Stock To Watch: AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)


The leading market experts have placed a mean price target of $85.25 on AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.28 a share for the upcoming quarter and $5.52 for the current fiscal. Technical View The technical analysis of AmerisourceBergen Corporation C plainly substantiates that the 50-day moving average of AmerisourceBergen Corporation C is $76.38, and stock is hovering 5.62 or +7.36% distant from $76.38. It is noted that the 200-day MA is $85.56, and AmerisourceBergen Corporation C stock is $-3.56 or -4.16% off from this point. AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) 52-week high is $115.41 and the 52-week low is $73.31. This explains if the stock moves $-33.41, it will post a 52-week high. In event of $+11.85% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of AmerisourceBergen Corporation C, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) ratio came in at 11.99. The stock last ended the trading session at $82.00 and registered a market cap of $17.70B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) PEG ratio is at 1.30.

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