Cencora (COR) Stock Price, News & Analysis

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cencora in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" COR shares.
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10 brokerages have issued 12-month price targets for Cencora's stock. Their COR share price targets range from $190.00 to $280.00. On average, they predict the company's share price to reach $233.90 in the next year. This suggests a possible upside of 4.1% from the stock's current price.
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Cencora's stock was trading at $205.38 at the beginning of the year. Since then, COR stock has increased by 9.4% and is now trading at $224.60.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our COR earnings forecast.

Cencora, Inc. (NYSE:COR) released its earnings results on Wednesday, May, 1st. The company reported $3.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.15. The business earned $68.41 billion during the quarter, compared to analyst estimates of $70.60 billion. Cencora had a net margin of 0.67% and a trailing twelve-month return on equity of 268.67%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.50 earnings per share.

Cencora declared a quarterly dividend on Thursday, May 2nd. Investors of record on Friday, May 10th will be given a dividend of $0.51 per share on Friday, May 24th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, May 9th.
Read our dividend analysis for COR.

Cencora (NYSE:COR) pays an annual dividend of $2.04 per share and currently has a dividend yield of 0.91%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COR will have a dividend payout ratio of 13.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for COR.

ETFs with the largest weight of Cencora (NYSE:COR) stock in their portfolio include Burney U.S. Factor Rotation ETF (BRNY), VanEck Pharmaceutical ETF (PPH), AdvisorShares Focused Equity ETF (CWS), Strategas Macro Thematic Opportunities ETF (SAMT), First Trust Consumer Staples AlphaDEX Fund (FXG), BlackRock Future Health ETF (BMED), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) and Invesco Dorsey Wright Healthcare Momentum ETF (PTH).

Cencora issued an update on its FY24 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of $13.30-13.50 for the period, compared to the consensus earnings per share estimate of $13.45.

27 employees have rated Cencora Chief Executive Officer Paul E. Szurek on Glassdoor.com. Paul E. Szurek has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cencora investors own include Digital Realty Trust (DLR), NVIDIA (NVDA), Cisco Systems (CSCO), AbbVie (ABBV), Crown Castle (CCI), AT&T (T), Intel (INTC), Realty Income (O), QUALCOMM (QCOM) and Enterprise Products Partners (EPD).

Cencora's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.20%), JPMorgan Chase & Co. (2.48%), Mizuho Markets Americas LLC (0.00%), Bank of New York Mellon Corp (0.60%), Sumitomo Mitsui Trust Holdings Inc. (0.49%) and Coho Partners Ltd. (0.43%). Insiders that own company stock include Elizabeth S Campbell, Gina Clark, Gina Clark, John G Chou, John G Chou, Lazarus Krikorian, Leslie E Donato, Leslie E Donato, Robert P Mauch, Robert P Mauch, Silvana Battaglia, Steven H Collis and Walgreens Boots Alliance, Inc.
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Shares of COR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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