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

AmerisourceBergen ( ABC) 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: Westinghouse Solar ( WEST), down 19.1%, China Auto Logistics ( CALI), down 13.2%, SinoHub ( SIHI), down 4.5%, and Navarre Corporation ( NAVR), 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 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 0.8% 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 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.

On the positive front, Interline Brands ( IBI), up 39.8%, China Metro-Rural Holdings ( CNR), up 30.6%, China Armco Metals ( CNAM), up 8%, and Beacon Roofing Supply ( BECN), up 7.2%, were all gainers within the wholesale industry with W.W. Grainger ( GWW) being today's featured wholesale industry winner.

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).
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