AbbVie Inc. [NYSE: ABBV] closed the trading session at $87.28 on 09/28/20. The day’s price range saw the stock hit a low of $86.87, while the highest price level was $88.20.
The stocks have a year to date performance of -1.42 percent and weekly performance of -2.03 percent. The stock has been moved at 16.00 percent over the last six months. The stock has performed -7.44 percent around the most recent 30 days and changed -9.50 percent over the most recent 3-months.
If compared to the average trading volume of 7.08M shares, ABBV reached to a volume of 6302235 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about AbbVie Inc. [ABBV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ABBV shares is $109.81 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ABBV stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Atlantic Equities have made an estimate for AbbVie Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 23, 2020. The new note on the price target was released on June 09, 2020, representing the official price target for AbbVie Inc. stock. Previously, the target price had yet another raise to $115, while Argus analysts kept a Buy rating on ABBV stock.
The Average True Range (ATR) for AbbVie Inc. is set at 1.85, with the Price to Sales ratio for ABBV stock in the period of the last 12 months amounting to 4.24. The Price to Book ratio for the last quarter was 9.77, with the Price to Cash per share for the same quarter was set at 3.44. Price to Free Cash Flow for ABBV in the course of the last twelve months was 20.70 with Quick ratio for the last quarter at 0.70.
ABBV stock trade performance evaluation
AbbVie Inc. [ABBV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.03. With this latest performance, ABBV shares dropped by -7.44% in over the last four-week period, additionally plugging by 16.00% over the last 6 months – not to mention a rise of 16.61% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ABBV stock in for the last two-week period is set at 36.04, with the RSI for the last a single of trading hit 35.73, and the three-weeks RSI is set at 38.00 for AbbVie Inc. [ABBV]. The present Moving Average for the last 50 days of trading for this stock 93.25, while it was recorded at 87.03 for the last single week of trading, and 89.19 for the last 200 days.
AbbVie Inc. [ABBV]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and AbbVie Inc. [ABBV] shares currently have an operating margin of +41.83 and a Gross Margin at +77.14. AbbVie Inc.’s Net Margin is presently recorded at +23.57.
Return on Total Capital for ABBV is now 30.66, given the latest momentum, and Return on Invested Capital for the company is 19.22. Additionally, ABBV Total Debt to Total Capital is recorded at 113.87, with Total Debt to Total Assets ending up at 75.28.
Reflecting on the efficiency of the workforce at the company, AbbVie Inc. [ABBV] managed to generate an average of $261,400 per employee. Receivables Turnover for the company is 5.89 with a Total Asset Turnover recorded at a value of 0.45.AbbVie Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.90.
Earnings per share (EPS) analysis for AbbVie Inc. [ABBV] stock
With the latest financial reports released by the company, AbbVie Inc. posted 2.33/share EPS, while the average EPS was predicted by analysts to be reported at 2.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ABBV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for AbbVie Inc. go to 8.27%.
AbbVie Inc. [ABBV]: Insider Ownership positions
There are presently around $107,781 million, or 70.80% of ABBV stock, in the hands of institutional investors. The top three institutional holders of ABBV stocks are: VANGUARD GROUP INC with ownership of 147,386,808, which is approximately 0.007% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 123,356,424 shares of the stock with an approximate value of $10.77 billion in ABBV stocks shares; and STATE STREET CORP, currently with $6.96 billion in ABBV stock with ownership of nearly -0.454% of the company’s market capitalization.
Positions in AbbVie Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,320 institutional holders increased their position in AbbVie Inc. [NYSE:ABBV] by around 70,704,176 shares. Additionally, 1,082 investors decreased positions by around 182,501,230 shares, while 203 investors held positions by with 981,686,632 shares. The mentioned changes placed institutional holdings at 1,234,892,038 shares, according to the latest SEC report filing. ABBV stock had 184 new institutional investments in for a total of 4,344,966 shares, while 175 institutional investors sold positions of 44,545,776 shares during the same period.