2. As of noon trading, AmerisourceBergen ( ABC) is up $0.46 (0.87) to $53.38 on average volume Thus far, 1.6 million shares of AmerisourceBergen exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $53.20-$54.00 after having opened the day at $53.93 as compared to the previous trading day's close of $52.92. 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 $12.1 billion and is part of the services sector. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are up 22.6% year to date as of the close of trading on Tuesday. 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, notable return on equity, good cash flow from operations, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full AmerisourceBergen Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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