Stick With Abbvie Inc (ABBV). The Bull Are Alive And Well

Currently, there are 1.77B common shares owned by the public and among those 1.77B shares have been available to trade.

The company’s stock has a 5-day price change of -12.99% and -8.79% over the past three months. ABBV shares are trading 12.56% year to date (YTD), with the 12-month market performance up to 26.36% higher. It has a 12-month low price of $135.85 and touched a high of $207.32 over the same period. ABBV has an average intraday trading volume of 4.68 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 -9.77%, -10.15%, and -2.48% respectively.

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Institutional ownership of Abbvie Inc (NYSE: ABBV) shares accounts for 72.98% of the company’s 1.77B shares outstanding.

It has a market capitalization of $306.69B and a beta (3y monthly) value of 0.59. The stock’s trailing 12-month PE ratio is 60.83, while the earnings-per-share (ttm) stands at $2.87. The company has a PEG of 7.32 and a Quick Ratio of 0.54 with the debt-to-equity ratio at 11.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.17% over the week and 1.99% over the month.

Earnings per share for the fiscal year are expected to decrease by -1.66%, and 10.95% over the next financial year. EPS should grow at an annualized rate of 8.31% over the next five years, compared to -5.77% over the past 5-year period.

Bernstein coverage for the Abbvie Inc (ABBV) stock in a research note released on October 17, 2024 offered a Mkt Perform rating with a price target of $203. HSBC Securities was of a view on June 05, 2024 that the stock is Buy, while Cantor Fitzgerald gave the stock Overweight rating on May 17, 2024, issuing a price target of $200. William Blair on their part issued Outperform rating on January 29, 2024.

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