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A statement released earlier today by Needham about AmerisourceBergen (NYSE:ABC) bumps the target price to $88.00

Boasting a price of $76.95, AmerisourceBergen (NYSE:ABC) traded -0.17% lower on the day. With the last stock price close down -4.77% from the two hundred day average, compared with the S&P 500 Index which has increased 0.01% over the date range. AmerisourceBergen has recorded a 50-day average of $80.74 and a two hundred day average of $86.89. Volume of trade was up over the average, with 2,206,922 shares of ABC changing hands over the typical 1,555,340

Needham bumped up the target of AmerisourceBergen (NYSE:ABC) to $88.00 stating a potential upside of 0.14%.

On Monday November 06, 2017, Needham released a statement for AmerisourceBergen (NYSE:ABC) bumped down the target price from $93.00 to $86.00 that suggested an upside of 0.12%.

Performance Chart

AmerisourceBergen (NYSE:ABC)

With a total market value of $0, AmerisourceBergen has price-earnings ratio of 21.56 with a one year low of $68.38 and a one year high of $97.85 .

A total of 15 equity analysts have released a ratings update on ABC. Four equity analysts rating the company a strong buy, two equity analysts rating the company a buy, twelve equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $85.40.

Brief Synopsis About AmerisourceBergen (NYSE:ABC)

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company's segments include Pharmaceutical Distribution and Other. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. As of June 30, 2016, the Pharmaceutical Distribution segment consists of two operating segments, including the operations of AmerisourceBergen Drug Corporation (ABDC) and AmerisourceBergen Specialty Group (ABSG), which distributes specialty drugs to their customers. Servicing healthcare providers in the pharmaceutical supply channel, the Pharmaceutical Distribution segment's operations provide drug distribution and related services. The Other segment consists of the operations of various segments, including the AmerisourceBergen Consulting Services (ABCS), the World Courier Group, Inc. and the MWI Veterinary Supply, Inc. ABSG operates distribution facilities that focus primarily on complex disease treatment regimens.

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