Abbott Laboratories (ABT) concluded trading on Thursday at a closing price of $118.95, with 3.25 million shares of worth about $386.88 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.92% during that period and on November 28, 2024 the price saw a gain of about 0.84%. Currently the company’s common shares owned by public are about 1.73B shares, out of which, 1.72B shares are available for trading.
Stock saw a price change of 2.61% in past 5 days and over the past one month there was a price change of 4.89%. Year-to-date (YTD), ABT shares are showing a performance of 8.07% which increased to 16.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $99.71 but also hit the highest price of $121.64 during that period. The average intraday trading volume for Abbott Laboratories shares is 5.01 million. The stock is currently trading 1.82% above its 20-day simple moving average (SMA20), while that difference is up 2.84% for SMA50 and it goes to 7.23% higher than SMA200.
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Abbott Laboratories (NYSE: ABT) currently have 1.73B outstanding shares and institutions hold larger chunk of about 76.66% of that.
The stock has a current market capitalization of $208.04B and its 3Y-monthly beta is at 0.72. PE ratio of stock for trailing 12 months is 36.17, while it has posted earnings per share of $3.29 in the same period. Its PEG reads 4.44 and has Quick Ratio of 1.14 while making debt-to-equity ratio of 0.38. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ABT, volatility over the week remained 1.65% while standing at 1.83% over the month.
Stock’s fiscal year EPS is expected to rise by 5.29% while it is estimated to increase by 10.41% in next year. EPS is likely to shrink at an annualized rate of 8.15% for next 5-years, compared to annual growth of 19.65% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Oppenheimer on October 08, 2024 offering an Outperform rating for the stock and assigned a target price of $130 to it. Coverage by Piper Sandler stated Abbott Laboratories (ABT) stock as an Overweight in their note to investors on September 19, 2024, suggesting a price target of $131 for the stock. On July 30, 2024, Edward Jones Downgrade their recommendations, while on May 30, 2024, Goldman Initiated their ratings for the stock with a price target of $121. Stock get a Peer perform rating from Wolfe Research on July 21, 2023.
