Abbvie Inc [NYSE: ABBV] price surged by 0.78 percent to reach at $1.29.
The one-year ABBV stock forecast points to a potential upside of 19.01. The average equity rating for ABBV stock is currently 1.79, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $205.31 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 1.79. 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.
Wolfe Research have made an estimate for Abbvie Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 15, 2024. The new note on the price target was released on November 04, 2024, representing the official price target for Abbvie Inc stock. Previously, the target price had yet another raise to $203, while Bernstein analysts kept a Mkt Perform rating on ABBV stock.
The Average True Range (ATR) for Abbvie Inc is set at 4.81, with the Price to Sales ratio for ABBV stock in the period of the last 12 months amounting to 5.15. The Price to Book ratio for the last quarter was 48.71, with the Price to Cash per share for the same quarter was set at 4.24. Price to Free Cash Flow for ABBV in the course of the last twelve months was 18.34 with Quick ratio for the last quarter at 0.54.
ABBV Stock Performance Analysis:
Abbvie Inc [ABBV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.67. With this latest performance, ABBV shares dropped by -11.96% in over the last four-week period, additionally plugging by 1.05% over the last 6 months – not to mention a rise of 20.25% 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 24.84, with the RSI for the last a single of trading hit 19.60, and the three-weeks RSI is set at 29.16 for Abbvie Inc [ABBV]. The present Moving Average for the last 50 days of trading for this stock 191.44, while it was recorded at 168.47 for the last single week of trading, and 178.92 for the last 200 days.
Insight into Abbvie Inc Fundamentals:
Abbvie Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.54 and a Current Ratio set at 0.65.
ABBV Stock EPS
With the latest financial reports released by the company, Abbvie Inc posted 2.79/share EPS, while the average EPS was predicted by analysts to be reported at 2.8/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.01. 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 7.79%.
Abbvie Inc [ABBV] Institutonal Ownership Details
There are presently around $73.44%, or 73.51%% of ABBV stock, in the hands of institutional investors. The top three institutional holders of ABBV stocks are: VANGUARD GROUP INC with ownership of 170.66 million shares, which is approximately 9.6472%. BLACKROCK INC., holding 136.43 million shares of the stock with an approximate value of $$23.4 billion in ABBV stocks shares; and BLACKROCK INC., currently with $$13.34 billion in ABBV stock with ownership which is approximately 4.398%.
