Cencora Stock Buy Hold or Sell Recommendation
| COR Stock | USD 239.13 1.83 0.77% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Cencora is 'Strong Buy'. Macroaxis provides Cencora buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Cencora positions. The advice algorithm takes into account all of Cencora's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Cencora's buy or sell advice are summarized below:
Real Value 243.11 | Target Price 209.69 | Hype Value 237.37 | Market Value 239.13 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Cencora given historical horizon and risk tolerance towards Cencora. When Macroaxis issues a 'buy' or 'sell' recommendation for Cencora, the advice is generated through an automated system that utilizes algorithms and statistical models.
Cencora |
Execute Cencora Buy or Sell Advice
The Cencora recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Cencora. Macroaxis does not own or have any residual interests in Cencora or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Cencora's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Cencora Trading Alerts and Improvement Suggestions
| Cencora was previously known as AmerisourceBergen and was traded on New York Stock Exchange under the symbol ABC. | |
| The company has 4.79 B in debt. Cencora has a current ratio of 0.57, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Cencora until it has trouble settling it off, either with new capital or with free cash flow. So, Cencora's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cencora sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cencora to invest in growth at high rates of return. When we think about Cencora's use of debt, we should always consider it together with cash and equity. | |
| Over 79.0% of the company shares are held by institutions such as insurance companies | |
| On 26th of February 2024 Cencora paid $ 0.51 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Why You Should Add Inspire Medical to Your Portfolio |
Cencora Returns Distribution Density
The distribution of Cencora's historical returns is an attempt to chart the uncertainty of Cencora's future price movements. The chart of the probability distribution of Cencora daily returns describes the distribution of returns around its average expected value. We use Cencora price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Cencora returns is essential to provide solid investment advice for Cencora.
| Mean Return | 0.13 | Value At Risk | -1.14 | Potential Upside | 1.27 | Standard Deviation | 1.04 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Cencora historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Cencora Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Cencora is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Cencora backward and forwards among themselves. Cencora's institutional investor refers to the entity that pools money to purchase Cencora's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 2.8 M | Amvescap Plc. | 2023-12-31 | 2.6 M | Northern Trust Corp | 2023-12-31 | 2.3 M | Morningstar Investment Services Llc | 2023-12-31 | 2.2 M | Goldman Sachs Group Inc | 2023-12-31 | 1.9 M | Norges Bank | 2023-12-31 | 1.9 M | Legal & General Group Plc | 2023-12-31 | 1.8 M | Amundi | 2023-12-31 | 1.8 M | Pacer Advisors, Inc. | 2023-12-31 | 1.7 M | Vanguard Group Inc | 2023-12-31 | 20.5 M | Blackrock Inc | 2023-12-31 | 19.7 M |
Cencora Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (1.6B) | (1.1B) | (665.4M) | (2.2B) | (2.0B) | (1.9B) | |
| Change In Cash | 1.2B | (1.5B) | 523.4M | (840.7M) | (756.6M) | (718.8M) | |
| Free Cash Flow | 1.8B | 2.2B | 2.2B | 3.5B | 4.0B | 4.2B | |
| Depreciation | 408.0M | 514.8M | 709.8M | 963.9M | 1.1B | 1.2B | |
| Other Non Cash Items | 4.8M | (194.6M) | 176.8M | 340.3M | 391.4M | 410.9M | |
| Capital Expenditures | 369.7M | 438.2M | 496.3M | 458.4M | 527.1M | 553.5M | |
| Net Income | (3.4B) | 1.5B | 1.7B | 1.7B | 2.0B | 2.1B | |
| End Period Cash Flow | 4.6B | 3.1B | 3.6B | 2.8B | 3.2B | 3.3B | |
| Dividends Paid | 343.6M | 366.6M | 391.7M | 398.8M | 458.6M | 481.5M | |
| Investments | (379.9M) | (6.1B) | (368.4M) | (2.6B) | (2.3B) | (2.5B) | |
| Net Borrowings | (32.0M) | 2.2B | (923.1M) | (623.3M) | (560.9M) | (532.9M) | |
| Change To Netincome | (1.1B) | 244.5M | 434.1M | 310.7M | 357.2M | 375.1M |
Cencora Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Cencora or Health Care Providers & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Cencora's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Cencora stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.12 | |
β | Beta against NYSE Composite | 0.04 | |
σ | Overall volatility | 1.05 | |
Ir | Information ratio | 0.06 |
Cencora Volatility Alert
Cencora has low volatility with Treynor Ratio of 3.24, Maximum Drawdown of 8.39 and kurtosis of 10.93. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Cencora's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Cencora's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Cencora Implied Volatility
Cencora's implied volatility exposes the market's sentiment of Cencora stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cencora's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cencora stock will not fluctuate a lot when Cencora's options are near their expiration.
Cencora Fundamentals Vs Peers
Comparing Cencora's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Cencora's direct or indirect competition across all of the common fundamentals between Cencora and the related equities. This way, we can detect undervalued stocks with similar characteristics as Cencora or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Cencora's fundamental indicators could also be used in its relative valuation, which is a method of valuing Cencora by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Cencora to competition |
| Fundamentals | Cencora | Peer Average |
| Return On Equity | 2.34 | -0.31 |
| Return On Asset | 0.027 | -0.14 |
| Profit Margin | 0.01 % | (1.27) % |
| Operating Margin | 0.01 % | (5.51) % |
| Current Valuation | 43.05 B | 16.62 B |
| Shares Outstanding | 200.85 M | 571.82 M |
| Shares Owned By Insiders | 16.68 % | 10.09 % |
| Shares Owned By Institutions | 78.91 % | 39.21 % |
| Number Of Shares Shorted | 5.8 M | 4.71 M |
| Price To Earning | 82.16 X | 28.72 X |
| Revenue | 262.17 B | 9.43 B |
| Gross Profit | 8.33 B | 27.38 B |
| EBITDA | 3.7 B | 3.9 B |
| Net Income | 1.73 B | 570.98 M |
| Cash And Equivalents | 2.59 B | 2.7 B |
| Cash Per Share | 0.08 X | 5.01 X |
| Total Debt | 4.79 B | 5.32 B |
| Current Ratio | 0.58 X | 2.16 X |
| Book Value Per Share | 3.39 X | 1.93 K |
| Cash Flow From Operations | 3.91 B | 971.22 M |
| Short Ratio | 4.73 X | 4.00 X |
| Earnings Per Share | 8.20 X | 3.12 X |
| Price To Earnings To Growth | 1.58 X | 4.89 X |
| Target Price | 212.25 | |
| Number Of Employees | 42 K | 18.84 K |
| Beta | 0.54 | -0.15 |
| Market Capitalization | 38.52 B | 19.03 B |
| Total Asset | 62.56 B | 29.47 B |
| Retained Earnings | 4.32 B | 9.33 B |
| Working Capital | (6.03 B) | 1.48 B |
| Current Asset | 19.09 M | 9.34 B |
| Current Liabilities | 111.82 M | 7.9 B |
| Annual Yield | 0.01 % |
Note: Acquisition by Jean Bua of tradable shares of Cencora subject to Rule 16b-3 [view details]
Cencora Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Cencora . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 17234.7 | |||
| Daily Balance Of Power | 0.6246 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 238.45 | |||
| Day Typical Price | 238.67 | |||
| Price Action Indicator | 1.6 | |||
| Period Momentum Indicator | 1.83 |
About Cencora Buy or Sell Advice
When is the right time to buy or sell Cencora? Buying financial instruments such as Cencora Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 5.7B | 4.8B | 5.5B | 5.8B | Total Assets | 56.6B | 62.6B | 71.9B | 75.5B |
Use Investing Ideas to Build Portfolios
In addition to having Cencora in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Most Shorted Equities
Dynamically calculated list of top equities currently trending upward via a buy-out by investors. The Most Shorted Equities theme has 104 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Most Shorted Equities Theme or any other thematic opportunities.
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Check out Cencora Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in Cencora Stock, please use our How to Invest in Cencora guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Cencora Stock analysis
When running Cencora's price analysis, check to measure Cencora's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cencora is operating at the current time. Most of Cencora's value examination focuses on studying past and present price action to predict the probability of Cencora's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cencora's price. Additionally, you may evaluate how the addition of Cencora to your portfolios can decrease your overall portfolio volatility.
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Is Cencora's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cencora. If investors know Cencora will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cencora listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.224 | Dividend Share 1.915 | Earnings Share 8.2 | Revenue Per Share 1.2 K | Quarterly Revenue Growth 0.115 |
The market value of Cencora is measured differently than its book value, which is the value of Cencora that is recorded on the company's balance sheet. Investors also form their own opinion of Cencora's value that differs from its market value or its book value, called intrinsic value, which is Cencora's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cencora's market value can be influenced by many factors that don't directly affect Cencora's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cencora's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cencora is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cencora's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.