Beutel Goodman & Co LTD Has Raised Its Amerisource (ABC) Stake; Gamestop Has 1.07 Sentiment

Beutel Goodman & Co Ltd increased Amerisource (ABC) stake by 16.38% reported in 2017Q3 SEC filing. Beutel Goodman & Co Ltd acquired 271,015 shares as Amerisource (ABC)’s stock declined 1.76%. The Beutel Goodman & Co Ltd holds 1.93 million shares with $127.35M value, up from 1.65M last quarter. Amerisource now has $20.54 billion valuation. The stock decreased 0.22% or $0.21 during the last trading session, reaching $94.18. About 1.78M shares traded. AmerisourceBergen Corporation (NYSE:ABC) has risen 18.80% since January 5, 2017 and is uptrending. It has outperformed by 2.10% the S&P500.

GameStop Corp. operates as an omnichannel video game retailer. The company has market cap of $1.86 billion. It sells new and pre-owned video game hardware; video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, including downloadable content, network points cards, prepaid digital and subscription cards, and digitally downloadable software. It has a 5.34 P/E ratio. The firm also sells mobile and consumer electronics, including wireless services and products, and accessories, as well as new and pre-owned smart phones; personal computer entertainment software in various genres, including sports, action, strategy, adventure/role playing, and simulation; and strategy guides, magazines, and interactive game figures.

Among 19 analysts covering AmerisourceBergen (NYSE:ABC), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. AmerisourceBergen has $130 highest and $9 lowest target. $89.87’s average target is -4.58% below currents $94.18 stock price. AmerisourceBergen had 60 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Buy” rating by Leerink Swann on Tuesday, January 2. The firm has “Buy” rating given on Thursday, January 12 by Bank of America. The rating was upgraded by Goldman Sachs on Friday, December 15 to “Buy”. UBS maintained it with “Neutral” rating and $87 target in Friday, August 4 report. Jefferies maintained AmerisourceBergen Corporation (NYSE:ABC) rating on Friday, October 27. Jefferies has “Hold” rating and $85.0 target. The stock of AmerisourceBergen Corporation (NYSE:ABC) earned “Outperform” rating by RBC Capital Markets on Friday, February 5. The stock of AmerisourceBergen Corporation (NYSE:ABC) earned “Mkt Perform” rating by FBR Capital on Thursday, February 4. On Tuesday, January 3 the stock rating was downgraded by Mizuho to “Neutral”. Credit Suisse maintained the shares of ABC in report on Tuesday, November 17 with “Outperform” rating. Jefferies maintained the shares of ABC in report on Friday, November 3 with “Hold” rating.

Beutel Goodman & Co Ltd decreased Telus Corp (NYSE:TU) stake by 120,110 shares to 11.47M valued at $411.51 million in 2017Q3. It also reduced Canadian Imperial Bk (NYSE:CM) stake by 1.76M shares and now owns 4.85 million shares. Brookfield Asset Mgt (NYSE:BAM) was reduced too.

Permit Capital Llc holds 7.06% of its portfolio in GameStop Corp. for 578,000 shares. Towle & Co owns 1.49 million shares or 3.28% of their US portfolio. Moreover, Stuyvesant Capital Management has 2.48% invested in the company for 58,950 shares. The Ontario – Canada-based Sprott Inc. has invested 2.36% in the stock. S&T Bank Pa, a Pennsylvania-based fund reported 550,720 shares.

Analysts await GameStop Corp. (NYSE:GME) to report earnings on March, 22. They expect $2.01 EPS, down 15.55% or $0.37 from last year’s $2.38 per share. GME’s profit will be $203.63M for 2.28 P/E if the $2.01 EPS becomes a reality. After $0.54 actual EPS reported by GameStop Corp. for the previous quarter, Wall Street now forecasts 272.22% EPS growth.