Barclays Maintains an 'Overweight' on AmerisourceBergen (ABC); Raising Estimates
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Price: $179.98 --0%
Rating Summary:
16 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
16 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Overweight' on AmerisourceBergen (NYSE: ABC), PT $44.
Barclays analyst says, "After reviewing our ABC assumptions, we have raised our FY11 and FY12 estimates, taking FY11 EPS to $2.52 and FY12 EPS to $2.79. We believe we are on the way to another year of healthy upside for ABC, driven once again by a meaningful benefit from oxaliplatin. It appears that this product could generate another $100 million in profits to ABC this year after generating we estimate some $120 million in profits last year, representing what we believe have been 20%+ EBIT margins and representing an EPS contribution that has been 10% of total results these past two years, in our view. Quite impressive under any circumstances, but particularly when the product has not been available from any manufacturer since July 1 2010."
For more ratings news on AmerisourceBergen click here and for the rating history of AmerisourceBergen click here.
Shares of AmerisourceBergen closed at $42.03 yesterday.
Barclays analyst says, "After reviewing our ABC assumptions, we have raised our FY11 and FY12 estimates, taking FY11 EPS to $2.52 and FY12 EPS to $2.79. We believe we are on the way to another year of healthy upside for ABC, driven once again by a meaningful benefit from oxaliplatin. It appears that this product could generate another $100 million in profits to ABC this year after generating we estimate some $120 million in profits last year, representing what we believe have been 20%+ EBIT margins and representing an EPS contribution that has been 10% of total results these past two years, in our view. Quite impressive under any circumstances, but particularly when the product has not been available from any manufacturer since July 1 2010."
For more ratings news on AmerisourceBergen click here and for the rating history of AmerisourceBergen click here.
Shares of AmerisourceBergen closed at $42.03 yesterday.
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