Stock Worth Mentioning Today: It Seems AmerisourceBergen Corp. Will Go Down. Have Another Big Decline

Stock Worth Mentioning Today: It Seems AmerisourceBergen Corp. Will Go Down. Have Another Big Decline

The stock of AmerisourceBergen Corp. (NYSE:ABC) is a huge mover today! About 3.66 million shares traded hands or 32.13% up from the average. AmerisourceBergen Corp. (NYSE:ABC) has declined 17.83% since April 6, 2016 and is downtrending. It has underperformed by 19.79% the S&P500.
The move comes after 6 months negative chart setup for the $16.81 billion company. It was reported on Nov, 8 by Barchart.com. We have $63.01 PT which if reached, will make NYSE:ABC worth $1.51B less.

AmerisourceBergen Corp. (NYSE:ABC) Ratings Coverage

Out of 15 analysts covering AmerisourceBergen (NYSE:ABC), 5 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 33% are positive. AmerisourceBergen has been the topic of 28 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of AmerisourceBergen Corp. (NYSE:ABC) earned “Buy” rating by Zacks on Thursday, August 27. RBC Capital Markets maintained the shares of ABC in a report on Friday, February 5 with “Outperform” rating. The rating was upgraded by Zacks to “Hold” on Tuesday, August 25. On Wednesday, October 7 the stock rating was maintained by RBC Capital Markets with “Outperform”. FBR Capital maintained AmerisourceBergen Corp. (NYSE:ABC) on Friday, May 6 with “Mkt Perform” rating. The stock of AmerisourceBergen Corp. (NYSE:ABC) earned “Mkt Outperform” rating by Avondale on Tuesday, October 4. The rating was upgraded by TheStreet to “Buy” on Monday, July 27. The firm has “Neutral” rating by Mizuho given on Wednesday, November 18. The company was downgraded on Friday, November 4 by Leerink Swann. As per Friday, May 6, the company rating was maintained by RBC Capital Markets.

According to Zacks Investment Research, “AmerisourceBergen Corporation provides pharmaceutical services. It distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers. The Company also provides pharmacy services to certain specialty drug patients. AmerisourceBergen Corporation is based in Chesterbrook, Pennsylvania.”

More news for AmerisourceBergen Corp. (NYSE:ABC) were recently published by: Seekingalpha.com, which released: “AmerisourceBergen: An Update After The Release Of Q4 Financial Results” on November 07, 2016. Benzinga.com‘s article titled: “Extended Contracts Should Boost The Top-Line For AmerisourceBergen Corp” and published on October 13, 2016 is yet another important article.

ABC Company Profile

AmerisourceBergen Corporation, incorporated on March 16, 2001, is a pharmaceutical sourcing and distribution services company. The Company’s divisions include Pharmaceutical Distribution and Other. The Firm provides services to healthcare providers, and pharmaceutical and biotech manufacturers.

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