In yesterday’s Wall Street session, Abbvie Inc (NYSE:ABBV) shares traded at $176.95, up 3.04% from the previous session.
ABBV stock price is now -6.60% away from the 50-day moving average and -1.07% away from the 200-day moving average. The market capitalization of the company currently stands at $322.20B.
With the price target maintained at $206, Leerink Partners recently Upgraded its rating from Market Perform to Outperform for Abbvie Inc (NYSE: ABBV). On November 15, 2024, Wolfe Research recently initiated its ‘Outperform’ rating on the stock quoting a target price of $205, while ‘Argus’ rates the stock as ‘Buy’
In other news, Hudson Thomas J, Officer bought 49,170 shares of the company’s stock on Aug 08 ’24. The stock was bought for $9,297,210 at an average price of $189.08. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 05 ’24, EXECUTIVE CHAIRMAN OF BOARD GONZALEZ RICHARD A sold 66,500 shares of the business’s stock. A total of $12,403,580 was realized by selling the stock at an average price of $186.52. This leaves the insider owning 446,599 shares of the company worth $79.03 million. A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, Abbvie Inc has had a low of $137.65 and a high of $207.32. As of last week, the company has a debt-to-equity ratio of 11.78, a current ratio of 0.65, and a quick ratio of 0.54. According to the stock market information, the enterprise value for the company is $376772493312, which is based on a 61.71 price-to-earnings ratio, a 7.56 price-to-earnings-growth ratio, and a beta of 0.57. The fifty day moving average price for ABBV is $189.4536 and a two-hundred day moving average price translates $178.8661 for the stock.
The latest earnings results from Abbvie Inc (NYSE: ABBV) was released for 2024-09-30. The net profit margin was 9.15% and return on equity was 56.06% for ABBV. The company reported revenue of $14.46 billion for the quarter, compared to $13.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.83 percent.
