Drilling Down Into Analyst’s Opinions on AmerisourceBergen Corporation (NYSE:ABC)

Wall Street analysts often give recommendations on equities that they cover. These analysts typically have a deep understanding of the health of a particular company. Taking a quick look at shares of AmerisourceBergen Corporation (NYSE:ABC), we note that the current average broker rating is now 24.05. This data is provided by Zacks Research using a ratings scale from 1 and 5. A broker rating of 1 would translate into a Strong Buy. A rating of 5 would indicate a Strong Sell recommendation. This average broker rating may help provide some insight on how the sell-side is currently viewing company stock. After a recent scan, we have also noticed that 9 Street analysts have rated the stock a Strong Buy or Buy, based analysts polled by Zacks Research. 

Investors may be looking for the next positive catalyst to create a solid breakout. Some may be wondering when the party will end, and it remains to be seen if excess and profit-taking rotation may create any pullbacks in the upcoming quarter. Investors may have to make a decision whether to ease-up or stay aggressive. Investors may also be closely watching winners and losers, especially in the technology sector. Understanding and researching the space may be highly important when managing the investment portfolio. The key for investors will be to try and locate the winners in the space and find the companies that are either creating new technology or adapting to it rapidly. 

Following shares of AmerisourceBergen Corporation (NYSE:ABC), we can see that the average consensus target price based on contributing analysts is currently $101.25. Wall Street analysts often provide price target projections on where they believe the stock will be headed in the future. Because price target projections are essentially the opinions of covering analysts, they have the ability to vary widely from one analyst to another. Navigating the equity markets can seem daunting at times. Finding ways to identify the important data can make a big difference in sustaining profits into the future. As we move closer to the end of the year, investors will be watching to see which way the momentum shifts and if stocks are still primed to go higher. Investors might choose to rely heavily on analyst research and corresponding target predictions, or they may choose to use them as a guide to supplement their own research.

Zooming in on the current quarter EPS consensus estimate for AmerisourceBergen Corporation (NYSE:ABC), we see that the current number is 1.5. This EPS estimate is using 2.06 Wall Street analysts polled by Zacks Research. Last quarter, the company stated a quarterly EPS of 2.4. Sell-side analysts have the task of examining companies and providing estimates relating to future results. These estimates carry a lot of weight on the Street, and earnings hits or misses revolve around these numbers. Sometimes these predictions are very close to the actual reported number, and other times they are not. Many investors will be closely watching which way analyst estimates are being adjusted right before earnings. This may provide some insight on how good or bad the numbers for the quarter are likely to be. Investors might want to take a look at their holdings after the earnings reports to make sure that nothing extremely out of the ordinary after combing through the results.

Individual investors might be looking at all the angles in order to concoct a winning plan for the next few quarters. The diligent investor is typically on the ball and ready to encounter any unforeseen market movements. Monitoring recent stock price activity on shares of AmerisourceBergen Corporation (NYSE:ABC) we have noted that the stock price has been trading near $99.18. Turning the focus to some historical price information, we note that the stock has moved 5.06% over the previous 12 weeks. Since the start of the year, we note that shares have seen a change of 18.23%. Over the last 4 weeks, shares have seen a change of 0.15837%. Over the last 5 sessions, the stock has moved 143%. After a recent scan, we can see that the 52-week high is currently $102.3, and the 52-week low is presently $73.93.

Market watchers diligently track the companies they think can do well to grow earnings. The goal is typically to discover stocks that are most likely to outperform in the future. Many investors like to keep tabs on sell-side analyst views. Following the direction estimates are trending may provide a deeper glimpse into the health of a company. Investors may need to follow a disciplined system which may help keep emotions in check when making investment decisions. On the other end, it may be necessary to craft a new strategy if the old system isn’t providing the types of expected returns. It can also become very time-consuming to keep up with shorter-term trends and events. Managing the short-term plan with the long-term plan can be difficult given the existing economic climate.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Add Comment