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


The leading market experts have placed a mean price target of $92.82 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 $1.31 a share for the upcoming quarter and $5.56 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 $86.17, and stock is trading $2.68 points away or +3.11% from its 50-day moving average of $86.17. Further it is trading $5.22 or +6.24% away its 200-day moving average of $83.63. AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) 52-week high is $108.18 and the 52-week low is $73.31.

This explains if the stock moves $-19.33, it will post a 52-week high. In event of +21.20% 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 $88.85 and registered a market cap of $19.08B. 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 1.68.

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