AmerisourceBergen Corp (ABC): Today's Featured Wholesale Winner

AmerisourceBergen (ABC) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day up 1.5%. By the end of trading, AmerisourceBergen rose 52 cents (1.4%) to $37.81 on light volume. Throughout the day, 1.7 million shares of AmerisourceBergen exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in a price between $37.12-$38.03 after having opened the day at $37.19 as compared to the previous trading day's close of $37.29. Other companies within the Wholesale industry that increased today were: China Metro-Rural Holdings (CNR), up 88.2%, Bluelinx Holdings (BXC), up 15.2%, Shengkai Innovations (VALV), up 8.1%, and Westinghouse Solar (WEST), up 7.1%.

AmerisourceBergen Corporation, a pharmaceutical services company, provides drug distribution and related services to healthcare providers and pharmaceutical manufacturers primarily in the United States and Canada. AmerisourceBergen has a market cap of $9.35 billion and is part of the services sector. The company has a P/E ratio of 14.1, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 0.6% year to date as of the close of trading on Friday. Currently there are eight analysts that rate AmerisourceBergen a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates AmerisourceBergen as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.

• You can view the full AmerisourceBergen Ratings Report.

• Use our wholesale section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider iShares Dow Jones US Cons Goods (IYK) while those bearish on the wholesale industry could consider ProShares Ultra Sht Consumer Goods (SZK).

• Find other investment ideas from our top rated ETFs lists.

For more information on AmerisourceBergen Corp click any of the following:

• AmerisourceBergen Corp Stock Price

• AmerisourceBergen Corp Analyst Ratings

• AmerisourceBergen Corp Key Stats & Profile

• AmerisourceBergen Corp Earnings

• AmerisourceBergen Corp Ratio Comparison

• AmerisourceBergen Corp Growth Rates

• AmerisourceBergen Corp Balance Sheet

• AmerisourceBergen Corp Cash Flow

• AmerisourceBergen Corp Income Statement