Wall Street Analyst Initiated AbbVie Inc. [ABBV]. What else is Wall St. saying


AbbVie Inc. [NYSE: ABBV] closed the trading session at $149.14 on 06/07/22. The day’s price range saw the stock hit a low of $145.865, while the highest price level was $149.345. The company report on June 7, 2022 that AbbVie to Present Extensive Data from its Migraine Portfolio at the 2022 American Headache Society® (AHS) Annual Scientific Meeting.

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Researchers to highlight positive results from the Phase 3 PROGRESS trial investigating atogepant (QULIPTA™) for the preventive treatment of chronic migraine .

Breadth of research underscores AbbVie’s leadership and commitment to people living with migraine and their individual needs .

The stocks have a year to date performance of 10.15 percent and weekly performance of 1.20 percent. The stock has been moved at 22.90 percent over the last six months. The stock has performed -2.41 percent around the most recent 30 days and changed 1.35 percent over the most recent 3-months.

If compared to the average trading volume of 7.30M shares, ABBV reached to a volume of 4985893 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 $164.14 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 2.10. 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.

SVB Leerink have made an estimate for AbbVie Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on May 23, 2022. The new note on the price target was released on May 06, 2022, representing the official price target for AbbVie Inc. stock. Previously, the target price had yet another raise to $192, while Morgan Stanley analysts kept a Overweight rating on ABBV stock. On February 28, 2022, analysts increased their price target for ABBV shares from 129 to 147.

The Average True Range (ATR) for AbbVie Inc. is set at 3.89, with the Price to Sales ratio for ABBV stock in the period of the last 12 months amounting to 4.63. The Price to Book ratio for the last quarter was 16.23, with the Price to Cash per share for the same quarter was set at 4.30. Price to Free Cash Flow for ABBV in the course of the last twelve months was 20.89 with Quick ratio for the last quarter at 0.70.

ABBV stock trade performance evaluation

AbbVie Inc. [ABBV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.20. With this latest performance, ABBV shares dropped by -2.41% in over the last four-week period, additionally plugging by 22.90% over the last 6 months – not to mention a rise of 32.76% 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 45.73, with the RSI for the last a single of trading hit 48.21, and the three-weeks RSI is set at 45.83 for AbbVie Inc. [ABBV]. The present Moving Average for the last 50 days of trading for this stock 155.75, while it was recorded at 147.12 for the last single week of trading, and 134.09 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 +35.14 and a Gross Margin at +69.49. AbbVie Inc.’s Net Margin is presently recorded at +20.41.

Return on Equity for this stock inclined to 80.52, with Return on Assets sitting at 7.72.

AbbVie Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.

Earnings per share (EPS) analysis for AbbVie Inc. [ABBV] stock

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 2.13%.

AbbVie Inc. [ABBV]: Insider Ownership positions

There are presently around $177,357 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 150,518,780, which is approximately 2.875% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 129,630,878 shares of the stock with an approximate value of $18.99 billion in ABBV stocks shares; and STATE STREET CORP, currently with $11.43 billion in ABBV stock with ownership of nearly -1.663% of the company’s market capitalization.

Positions in AbbVie Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 1,378 institutional holders increased their position in AbbVie Inc. [NYSE:ABBV] by around 77,820,696 shares. Additionally, 1,465 investors decreased positions by around 59,041,470 shares, while 338 investors held positions by with 1,073,518,402 shares. The mentioned changes placed institutional holdings at 1,210,380,568 shares, according to the latest SEC report filing. ABBV stock had 220 new institutional investments in for a total of 2,605,521 shares, while 123 institutional investors sold positions of 9,824,914 shares during the same period.