Currently, there are 1.73B common shares owned by the public and among those 1.73B shares have been available to trade.
The company’s stock has a 5-day price change of 2.34% and 7.32% over the past three months. ABT shares are trading 0.64% year to date (YTD), with the 12-month market performance up to 6.81% higher. It has a 12-month low price of $89.67 and touched a high of $121.64 over the same period. ABT has an average intraday trading volume of 6.59 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.27%, 4.76%, and 2.57% respectively.
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Institutional ownership of Abbott Laboratories (NYSE: ABT) shares accounts for 79.95% of the company’s 1.73B shares outstanding.
It has a market capitalization of $192.73B and a beta (3y monthly) value of 0.72. The stock’s trailing 12-month PE ratio is 34.96, while the earnings-per-share (ttm) stands at $3.17. The company has a PEG of 4.26 and a Quick Ratio of 1.18 with the debt-to-equity ratio at 0.38. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.50% over the week and 2.34% over the month.
Earnings per share for the fiscal year are expected to increase by 4.96%, and 10.35% over the next financial year. EPS should shrink at an annualized rate of 8.20% over the next five years, compared to 19.65% over the past 5-year period.
Goldman coverage for the Abbott Laboratories (ABT) stock in a research note released on May 30, 2024 offered a Buy rating with a price target of $121. Wolfe Research was of a view on July 21, 2023 that the stock is Peer Perform, while Morgan Stanley gave the stock Equal-Weight rating on May 30, 2023, issuing a price target of $112. Wolfe Research on their part issued Underperform rating on April 20, 2023.
