AMERISOURCEBERGEN CORP (NYSE: ABC) has reported E.P.S. of $2.11 for its second fiscal quarter (ending March 31) versus $2.15 for the same period a year ago — a decline of -2%. This performance was $-1.95 short of the consensus estimate of $4.05. For the latest four quarters through March 31, E.P.S. were $9.23 compared to $7.87 a year ago — an increase of 17%.
Recent Price Action
AMERISOURCEBERGEN CORP (NYSE: ABC) stock closed at $229.20 on 5/1/24 after a decline of -4.1%. Moreover, exceptionally high trading volume at 280% of normal accompanied the decline. The stock has declined -3.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
ABC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
AMERISOURCEBERGEN CORP has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. AMERISOURCEBERGEN CORP has a good Power Rating of 82 and a very high Appreciation Score of 86, leading to 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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