Economy

Morgan Stanley Cuts Rating On AmerisourceBergen Corporation (ABC) To "Equal-Weight"

Gwm Advisors LLC augmented its holdings by buying 428 shares an increase of 12.1% as of 06/30/2017. Estabrook Capital Management who had been investing in Mosaic Co New Com for a number of months, seems to be bullish on the $7.25 billion market cap company. The stock was sold at an average price of $94.76, for a total transaction of $1,421,400.00. About 2.87M shares traded or 51.05% up from the average. It has underperformed by 16.70% the S&P500. Over the past week, AmerisourceBergen Corporation (NYSE:ABC) has performed -1.09%. Hitchwood Capital Management Lp sold 200,000 shares as the company's stock declined 1.76% while stock markets rallied.

The stock increased 0.50% or $0.42 during the last trading session, reaching $84.32.

Intertek Group PLC is a United Kingdom company, which offers quality assurance services. It is down 0.00% since September 15, 2016 and is.

AmerisourceBergen Corporation (NYSE:ABC) soared 3.2% year-to-date. It has outperformed by 2.10% the S&P500. A month ago, they told us to expect earnings of US$1.4 per share while three months ago their EPS consensus estimate was US$1.44.

Several analysts recently issued reports on ABC shares. As of the latest earnings report the EPS was $3.84 and is projected to be $5.88 for the current year with 219,111,000 shares now outstanding. This translates into $291.42M profit for ABC giving the stock a 15.17 P/E. A month ago, analyst EPS consensus estimated earnings of US$1.32 per share. Evanston Investments Inc. dba Evanston Advisors' holdings in AmerisourceBergen Corporation (Holding Co) were worth $8,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

More notable recent Apollo Education Group Inc (NASDAQ:APOL) news were published by: Azcentral.com which released: "University of Phoenix parent Apollo Education starts new chapter as private firm" on February 06, 2017, also Reuters.com with their article: "BRIEF-Apollo Education Group says terminated employment of president of Apollo ..." published on January 23, 2017, Finance.Yahoo.com published: "Investor Consortium Completes Acquisition of Apollo Education Group, Inc." on February 01, 2017. Also Streetinsider.com published the news titled: "Form 8-K AMERISOURCEBERGEN CORP For: Aug 31" on September 07, 2017.

In other news, insider Peyton R. Howell sold 20,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction on Wednesday, August 16th.

According to Zacks brokerage recommendations, AmerisourceBergen Corporation (NYSE:ABC)'s Buy count is 1 and Strong Buy is 1 while the number of analysts recommending Sell and Strong Sell are 0 and 8, respectively. Therefore 41% are positive. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. TheStreet upgraded shares of AmerisourceBergen Corporation (Holding Co) from a "hold" rating to a "buy" rating in a research note on Thursday, December 29th. The original version of this report can be accessed at https://www.dispatchtribunal.com/2017/09/15/amerisourcebergen-corporation-holding-co-abc-shares-sold-by-sentry-investments-corp.html. As per Tuesday, January 17, the company rating was upgraded by Leerink Swann. (NYSE:ABC) earned "Mkt Perform" rating by FBR Capital on Thursday, February 4. The firm has "Outperform" rating given on Tuesday, January 17 by Leerink Swann. Morgan Stanley grew its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 50.0% during the first quarter. (NYSE:ABC) on Friday, May 6 with "Mkt Perform" rating. Morgan Stanley has "Equal-Weight" rating and $9 target. With 1.43 million shares average volume, it will take short sellers 8 days to cover their ABC's short positions. Therefore 15% are positive. Standard Chartered PLC had 10 analyst reports since September 22, 2015 according to SRatingsIntel. Jefferies has "Hold" rating and $9500 target. The rating was downgraded by HSBC to "Hold" on Monday, April 11. Bank of America downgraded the stock to "Neutral" rating in Friday, June 30 report. The rating was maintained by Jefferies on Wednesday, June 21 with "Hold". Morgan Stanley maintained Mosaic Co (NYSE:MOS) rating on Monday, August 7. The firm has "Neutral" rating by Mizuho given on Wednesday, November 18. The company was upgraded on Tuesday, September 22 by Investec. IBC downgraded the stock to "Underperformer" rating in Monday, April 4 report.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. After this sale, 37,135 common shares of ABC are directly owned by the insider, with total stake valued at $2,996,423. Shares for $25,724 were sold by COOPER NANCY E. Another trade for 803 shares valued at $18,933 was bought by Johnson Denise C. $493,340 worth of Mosaic Co (NYSE:MOS) was bought by EBEL GREGORY L.

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