Cencora (COR) Receives a Buy from Mizuho Securities

Business Insider

2 days ago

In a report released today, Steven Valiquette from Mizuho Securities maintained a Buy rating on Cencora (COR – Research Report), with a price target of $316.00. The company's shares opened today at $285.89.
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Valiquette covers the Healthcare sector, focusing on stocks such as Align Tech, Cencora, and DENTSPLY SIRONA. According to TipRanks, Valiquette has an average return of 0.4% and a 54.81% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cencora with a $335.10 average price target, which is a 17.21% upside from current levels. In a report released on June 3, Wells Fargo also upgraded the stock to a Buy with a $337.00 price target.
Based on Cencora's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $75.45 billion and a net profit of $717.87 million. In comparison, last year the company earned a revenue of $68.41 billion and had a net profit of $420.78 million
Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COR in relation to earlier this year. Earlier this month, Lazarus Krikorian, the SVP & CAO of COR sold 3,000.00 shares for a total of $866,880.80.