AmerisourceBergen Corporation (NYSE:ABC) Traded -5.2% Below Its 50 Day Average

They now have a Dollars 99 price target on the stock. On May 17 analysts at Jefferies released its first research report on the stock by announcing an initial rating of "Hold". The firm has "Buy" rating by Oppenheimer given on Friday, June 2. The firm has "Neutral" rating by Mizuho given on Thursday, August 11. The company was maintained on Wednesday, October 7 by RBC Capital Markets.

AmerisourceBergen Corporation (ABC) opened at 82.50 on Friday. RBC Capital Markets has "Outperform" rating and $130 target.

Traders are feeling more bullish on shares of AmerisourceBergen Corporation lately if you look at the fall in short interest. Arrow Financial Corp sold 7,113 shares as Amerisourcebergen Corp (ABC)'s stock declined 1.76%.

In terms of AmerisourceBergen Corporation (ABC) stock price comparison to its moving averages, shares of company are -8.50% away from the 50-day moving average and 1.13% away from 20-day average.

05/17/2017 - Jefferies began new coverage on AmerisourceBergen Corporation (Holding Co) giving the company a "hold" rating. Hitchwood Capital Management Lp divested its position by selling 1,000,000 shares a decrease of 33.3% in the quarter. AmerisourceBergen Corporation shares had a trading volume of 0 by the end of trading on Wednesday.

AmerisourceBergen Corporation (ABC) is an interesting player in the Services space, with a focus on Drugs Wholesale. It has outperformed by 2.10% the S&P500.The move comes after 6 months positive chart setup for the $18.12B company.

Investors sentiment decreased to 0 in 2016 Q4. Its down 0.04, from 1.34 in 2016Q3. It turned negative, as 32 investors sold Childrens Place Inc shares while 70 reduced holdings. Century Cos Inc, a Missouri-based fund reported 211,654 shares. Covington Capital Mngmt invested in 241,008 shares or 0.95% of the stock. The value in dollars went from $487,000 to $700,028,000 increasing 143,642.9% for the reporting period. The Company kept a record of 161.72 million floated shares and 213.87 million shares outstanding. Blackrock Group Incorporated Limited stated it has 0% in Childrens Place Inc (NASDAQ:PLCE). Yhb Investment Advisors Inc bought 34,822 shares as the company's stock rose 7.60% with the market. Lsv Asset has 210,750 shares. Parallax Volatility Advisers L P reported 92,782 shares. Tower Rech Cap (Trc) holds 1,342 shares. Aqr Cap Mgmt Lc accumulated 46,234 shares. Employees Retirement System Of Texas holds 0.17% or 284,000 shares in its portfolio. Following the transaction, the insider now owns 57,135 shares in the company, valued at $4,570,800. The stock has a market capitalization of $17.45 billion, a price-to-earnings ratio of 20.75 and a beta of 0.95. The Firm operates through two divisions: The Children's Place U.S. and The Children's Place International. About 316,109 shares traded. It is down 5.69% since September 7, 2016 and is uptrending. It has outperformed by 27.40% the S&P500. Hanger Inc. now has $397.41 million valuation. A low P/E value suggests a stock is cheap as compared to earnings. PRUTHI ANURUP had sold 445 shares worth $48,532. It also reduced Brooks Automation Inc. Vetr cut shares of AmerisourceBergen Corporation (Holding Co) from a "strong-buy" rating to a "buy" rating and set a $97.44 price target on the a report on Tuesday, May 9th. Therefore 47% are positive. Zacks Investment Research downgraded AmerisourceBergen Corporation (Holding Co) from a hold rating to a sell rating in a report on Monday, July 10th. The stock has "Buy" rating by Mizuho on Wednesday, November 9. The stock has "Mkt Perform" rating by FBR Capital on Thursday, February 4. (NYSE:ABC) on Tuesday, November 17 with "Outperform" rating.

AmerisourceBergen Corporation (ABC)'s RSI (Relative Strength Index) is 41.68. We have $89.00 PT which if reached, will make NYSE:ABC worth $1.63B more. UBS maintained it with "Buy" rating and $110 target in Friday, February 5 report. The firm has "Overweight" rating by Morgan Stanley given on Monday, June 26. Leerink Swann upgraded AmerisourceBergen Corp. The rating was upgraded by Bank of America on Thursday, January 12 to "Buy".

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