A share price of Abbvie Inc [ABBV] is currently trading at $203.55, down -0.16%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ABBV shares have gain 8.36% over the last week, with a monthly amount glided 4.14%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Abbvie Inc [NYSE: ABBV] stock has seen the most recent analyst activity on October 17, 2024, when Bernstein initiated its Mkt Perform rating and assigned the stock a price target of $203. Previously, HSBC Securities upgraded its rating to Buy on June 05, 2024, and kept the price target unchanged to $185. On May 17, 2024, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $200 on the stock. William Blair upgraded its rating to a Outperform. HSBC Securities downgraded its rating to a Hold. Goldman upgraded its rating to Buy for this stock on December 11, 2023. In a note dated November 09, 2023, Deutsche Bank initiated an Hold rating and provided a target price of $150 on this stock.
Abbvie Inc experienced fluctuations in its stock price throughout the past year between $135.85 and $207.32. Currently, Wall Street analysts expect the stock to reach $174.04 within the next 12 months. Abbvie Inc [NYSE: ABBV] shares were valued at $203.55 at the most recent close of the market. An investor can expect a potential drop of -14.5% based on the average ABBV price forecast.
Analyzing the ABBV fundamentals
Trailing Twelve Months sales for Abbvie Inc [NYSE:ABBV] were 55.53B which represents 3.83% growth. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.55 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of10.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 202.34 points at the first support level, and at 201.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 204.75, and for the 2nd resistance point, it is at 205.94.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Abbvie Inc [NYSE:ABBV] is 0.81. As well, the Quick Ratio is 0.71, while the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 6.46, the price to book ratio is 53.03 and price to earnings (TTM) ratio is 70.85.
Transactions by insiders
Recent insider trading involved Hudson Thomas J, Officer, that happened on Aug 08 ’24 when 49170.0 shares were purchased. EXECUTIVE CHAIRMAN OF BOARD, GONZALEZ RICHARD A completed a deal on Aug 05 ’24 to sell 66500.0 shares. Meanwhile, Officer Hudson Thomas J bought 0.1 million shares on Aug 07 ’24.
