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 1.24% and 10.86% over the past three months. ABT shares are trading 5.43% year to date (YTD), with the 12-month market performance up to 27.71% higher. It has a 12-month low price of $90.87 and touched a high of $121.64 over the same period. ABT has an average intraday trading volume of 5.86 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 1.63%, 2.37%, and 5.20% respectively.
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Institutional ownership of Abbott Laboratories (NYSE: ABT) shares accounts for 77.50% of the company’s 1.73B shares outstanding.
It has a market capitalization of $201.92B and a beta (3y monthly) value of 0.72. The stock’s trailing 12-month PE ratio is 36.63, while the earnings-per-share (ttm) stands at $3.17. The company has a PEG of 4.02 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 1.49% over the week and 1.47% over the month.
Analysts forecast that Abbott Laboratories (ABT) will achieve an EPS of 1.2 for the current quarter, 1.34 for the next quarter and 5.14 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.18 while analysts give the company a high EPS estimate of 1.18. Comparatively, EPS for the current quarter was 1.14 a year ago. Earnings per share for the fiscal year are expected to increase by 5.00%, and 10.34% over the next financial year. EPS should shrink at an annualized rate of 9.12% over the next five years, compared to 19.65% over the past 5-year period.
Looking at the support for the ABT, a number of firms have released research notes about the stock. Oppenheimer stated their Outperform rating for the stock in a research note on October 08, 2024, with the firm’s price target at $130. Piper Sandler coverage for the Abbott Laboratories (ABT) stock in a research note released on September 19, 2024 offered a Overweight rating with a price target of $131. Edward Jones was of a view on July 30, 2024 that the stock is Hold, while Goldman gave the stock Buy rating on May 30, 2024, issuing a price target of $121. Wolfe Research on their part issued Peer Perform rating on July 21, 2023.
