AMERISOURCEBERGEN CORP (NYSE: ABC) has reported earnings for its third fiscal quarter (ending June 30) of $2.44 versus $2.37 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $9.30 compared to $8.29 a year ago.
Recent Price Action
AMERISOURCEBERGEN CORP (NYSE: ABC) stock closed at $237.88 on 7/31/24 after a large increase of 3.0%. Moreover, unusually high trading volume at 166% of normal accompanied the advance. The stock has risen 6.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
ABC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
AMERISOURCEBERGEN CORP has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. AMERISOURCEBERGEN CORP has a slightly positive Power Rating of 61 and a very high Appreciation Score of 88, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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