AmerisourceBergen Corp (ABC): Today's Featured Wholesale Loser
(
) pushed the Wholesale industry lower today making it today's featured Wholesale loser. The industry as a whole closed the day up 1.4%. By the end of trading, AmerisourceBergen fell 39 cents (-1.1%) to $36.51 on light volume. Throughout the day, 1.9 million shares of AmerisourceBergen exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in price between $36.39-$37.10 after having opened the day at $37 as compared to the previous trading day's close of $36.90. Other company's within the Wholesale industry that declined today were:
(
), down 19.1%,
(
), down 13.2%,
(
), down 4.5%, and
(
), down 3.8%.
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 $9.33 billion and is part of the
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 0.8% 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
. 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.
On the positive front,
(
), up 39.8%,
(
), up 30.6%,
(
), up 8%, and
(
), up 7.2%, were all gainers within the wholesale industry with
(
) being today's featured wholesale industry winner.
- Use our wholesale section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the wholesale industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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