Abbvie Inc (NYSE:ABBV)’s traded shares stood at 3.98 million during the last session, with the company’s beta value hitting 0.62. At the close of trading, the stock’s price was $187.85, to imply a decrease of -0.95% or -$1.8 in intraday trading. The ABBV share’s 52-week high remains $199.95, putting it -6.44% down since that peak but still an impressive 27.68% since price per share fell to its 52-week low of $135.85. The company has a valuation of $331.81B, with an average of 4.85 million shares in intraday trading volume over the past 10 days and average of 4.77 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Abbvie Inc (ABBV), translating to a mean rating of 1.84. Of 27 analyst(s) looking at the stock, 0 analyst(s) give ABBV a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 20 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 2.92.
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Abbvie Inc (NYSE:ABBV) trade information
After registering a -0.95% downside in the last session, Abbvie Inc (ABBV) has traded red over the past five days. The 5-day price performance for the stock is -0.53%, and -2.11% over 30 days. With these gigs, the year-to-date price performance is 21.22%. Short interest in Abbvie Inc (NYSE:ABBV) saw shorts transact 14.86 million shares and set a 3.15 days time to cover.
The extremes give us $127 and $214 for target low and target high price respectively. As such, ABBV has been trading -13.92% off suggested target high and 32.39% from its likely low.
Abbvie Inc (ABBV) estimates and forecasts
Looking at statistics comparing Abbvie Inc share performance against respective industry, we note that the company has underperformed competitors. Abbvie Inc (ABBV) shares are 17.69% up over the last 6 months, with its year-to-date growth rate lower than industry average at -2.34% against 6.30%. Revenue is forecast to shrink -1.00% this quarter before jumping 5.70% for the next one. The rating firms project that company’s revenue will grow 2.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 16 analysts is 14.28B. Meanwhile, for the current quarter, a total of 14 analyst(s) estimate revenue growth to 14.64B.Earnings reports from the last fiscal year show that sales brought in 13.71B and 14.3B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 4.20% before jumping 2.40% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -5.77% for the past 5-year period. While 2024 is set for a -2.32% return in earnings, projections for the next 5 years are at 7.82% annually.
ABBV Dividends
Abbvie Inc has its next earnings report out on 2024-Oct-30. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Abbvie Inc has a forward dividend ratio of 6.20, with the share yield ticking at 3.30% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 4.19%.
Abbvie Inc (NYSE:ABBV)’s Major holders
Abbvie Inc insiders hold 0.09% of total outstanding shares, with institutional holders owning 73.48% of the shares at 73.55% float percentage. In total, 73.48% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 170.66 million shares (or 9.6472% of shares), all amounting to roughly $29.27 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 136.43 million shares, or about 7.7124% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $23.4 billion.
