AmerisourceBergen Corporation (ABC) Stock: Should Investors Follow These Insider Trades?

AmerisourceBergen Corporation (NYSE:ABC) saw an upside of 2.54% to close Monday at $122.40 after adding $3.03 on the day. The 5-day average trading volume is 881,880 shares of the company’s common stock. It has gained $123.75 in the past week. An average of 841,435 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 807,248.

ABC’s 1-month performance is -0.33% or -$0.41 on its low of $114.74 reached on 10/06/21. The company’s shares have touched a 52-week low of $92.24 and high of $128.87, with the stock’s rally to the 52-week high happening on 08/04/21. YTD, ABC has achieved 25.20% or $24.64. However, the current price is down -5.02%% from the 52-week high price.

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Insider Transactions

On Sep 20, 22 days have gone by since the last insider trading activity for AmerisourceBergen Corporation (ABC). COLLIS STEVEN H (Chairman, President & CEO) most recently sold 24,265 shares at $121.90 per share on Sep 20. This transaction cost the insider $2,957,904. SVP & Chief Accounting Officer, Krikorian Lazarus, sold 17,673 shares at a price of $124.51 on Sep 02. Then, on Aug 19, Executive Vice President Chou John G. sold 6,081 shares at a price of $117.94 per share. This transaction amounted to $717,193.

Valuation Metrics

AmerisourceBergen Corporation (ABC) has a trailing price-to-earnings (P/E) ratio of 25.20 for the broader industry and 32.24 for the sector. The company’s PE ratio for the last five years has touched a high of 50.70 and a low of 9.397. ABC stock has a beta of 0.49. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.12 while the price-to-book (PB) in the most recent quarter is 680.00, with the price to cash flow ratio at 11.47.

AmerisourceBergen Corporation pays an annual dividend of $1.76 per share. Its dividend yield is 1.44%. ABC’s most recent quarterly dividend payment was made on Sep. 7, when it paid $0.44 a share compared with prior rate of $0.44, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.02 reported on Thursday November 5 2020. Measured over the last 3 years, the Dividend has been growing by 15.25% yearly.

It is projected that AmerisourceBergen Corporation’s next ex-dividend date will be on 15-Nov. ABC is expected to distribute $0.44 as its next dividend.

AmerisourceBergen Corporation’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.90 meaning that ABC stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 174.93, while the total debt to equity was 186.92. In terms of profitability, the gross margin trailing 12 months is 3.00%. The trailing 12-month EBITDA margin is 1.28% while for the period ending June 29; AmerisourceBergen Corporation’s operating margin was -2.10%. The firm’s gross profit as reported stood at $5.19 billion against revenue of $189.89 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ABC to announce $2.05 per share in earnings in its latest quarter, but it posted $2.16, representing a 5.40% surprise. EBITDA for the quarter stood at more than $751.85 million. ABC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 55.52 billion, with total debt at $8.39 billion. Shareholders hold equity totaling $207.79 million

Technical Picture

Let’s look briefly at AmerisourceBergen Corporation (ABC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 58.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.53%.

The stock’s 5-day moving average is $119.17, reflecting a +3.44% or $4.07 change from its current price. ABC is currently trading -1.00% above its 20-day SMA, +3.08% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +0.19% and +25.87% respectively.

Stochastic %K and %D was 59.05% and 40.71% and the average true range (ATR) pointed at 2.69. The RSI (14) points at 54.84%, while the 14-day stochastic is at 84.18% with the period’s ATR at 2.54. The stock’s 9-day MACD Oscillator is pointing at 0.56 and -0.37 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for AmerisourceBergen Corporation (NYSE: ABC), Evercore ISI upgraded it to an Outperform rating. They previously had an In-line rating on the stock. Analysts offering their rating for ABC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ABC as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 9 have offered a “buy” rating.

What is ABC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $125.00 and a high of $162.00, with their median price target at $141.00. Looking at these predictions, the average price target given by analysts is for AmerisourceBergen Corporation (ABC) stock is $140.85.


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