Abbvie is a general drug manufacturer company located in Illinois, United States, which is part of the Healthcare sector, and is traded under the ticker ABBV on the NYSE exchange.
Abbvie stock last closed at $158.02, up 1.75% from the previous day, and has decreased 1.41% in one year. It has underperformed other stocks in the Drug Manufacturers - General industry by 0.05 percentage points. Abbvie stock is currently +17.85% from its 52-week low of $134.09, and -10.17% from its 52-week high of $175.91.
As of Mar 24, 2023, there are 1.77B shares of ABBV outstanding. The market value of ABBV is $279.60B. In the last 24 hours, 4.68M ABBV shares were traded.
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You can view all of the due diligence checks on ABBV's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge ABBV's true value.
Using relative valuations metrics:
You can access additional valuation analysis on ABBV's stock here.
Out of 13 sell side analysts who give recommendations on ABBV, the consensus analyst rating on Abbvie is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Vamil Divan, a top 5% analyst from Guggenheim initiates coverage on ABBV with a strong buy rating and announces their ABBV price target of $172.00, on Mar 1, 2023.
David Risinger, a top 9% analyst from SVB Leerink upgrades ABBV to a hold rating and raises their ABBV price target from $135.00 to $153.00, on Feb 10, 2023.
Risinger raised his price target on AbbVie Inc. by 13.3% following the release of the company's Q4 and FY 2022 earnings report on 2022/02/09.
Management's issuance of "2024 minimum trough EPS" guidance of $10.70 accounts for his PT update, the analyst told investors.
AbbVie should exceed management's "conservative" 2023 guidance, Risinger continued.
Although management's 2024 minimum EPS guidance was "encouraging," the analyst cautioned that uncertainty may continue to have an impact at least until 2H 2023 as Humira* biosimilar launches weigh on FY 2024 estimates.
Given the expected competition from generics for Linzess** in 2029/03 and Vraylar*** in 2029/09, financial pressures from 2029 to 2030 are also expected, Risinger added.
* From here: Adalimumab, sold under the brand name Humira, among others, is a monoclonal antibody used to treat rheumatoid arthritis, psoriatic arthritis, ankylosing spondylitis, Crohn's disease, ulcerative colitis, plaque psoriasis, hidradenitis suppurativa, uveitis, and juvenile idiopathic arthritis.
** From here: Linzess is an FDA-approved prescription medication used as a treatment for adults with Irritable Bowel Syndrome with Constipation (IBS-C) or Chronic Idiopathic Constipation (CIC). It is manufactured by AbbVie and Ironwood Pharmaceuticals. The patent will expire in 2029.
*** From here: Vraylar is a prescription medicine used in adults along with antidepressant medicines to treat major depressive disorder (MDD) for short-term treatment of manic or mixed episodes that happen with bipolar I disorder. Its patent will expire in 2029.
AbbVie reported:
For Q4 2022:
For FY 2022:
For FY 2023, management guided:
CEO Richard Gonzalez commented, "We have built a diverse portfolio of growth products with significant leadership positions, developed a robust pipeline of innovative assets, and created a culture of strong execution.
"Looking forward, we have a solid foundation that will allow us to absorb the U.S. Humira loss of exclusivity, return to strong top-line growth in 2025 and drive top-tier financial performance over the long term."
Steve Chesney, a top 28% analyst from Atlantic Equities maintains ABBV with a hold rating and lowers their ABBV price target from $157.00 to $154.00, on Feb 10, 2023.
Terence Flynn, a top 20% analyst from Morgan Stanley maintains ABBV with a strong buy rating and lowers their ABBV price target from $182.00 to $178.00, on Feb 10, 2023.
Christopher Raymond, a bottom 18% analyst from Piper Sandler maintains ABBV with a strong buy rating and raises their ABBV price target from $157.00 to $163.00, on Feb 10, 2023.
You can dive deeper into what analysts are projecting on the Abbvie stock forecast page.
Last year, ABBV earnings were $11.84B. During the past 5 year, ABBV's earnings have gone up by 14.97% per year. This was slower than the Drug Manufacturers - General industry average of 25.43%.
Last year, ABBV revenue was $58.05B. In the last 5 year, ABBV's revenue has grown by 15.52% per year. This was faster than the Drug Manufacturers - General industry average of 8.32%.
You can analyze ABBV's earnings and revenue performance here.
Over the past year, insiders at ABBV have sold more shares than they have bought.
Jeffrey Ryan Stewart, EVP CHIEF COMMERCIAL OFFICER of ABBV, was the latest ABBV insider to sell. They sold $4,768,335.05 worth of ABBV stock on Mar 13, 2023.
Get more info about who owns ABBV stock here.
Abbvie pays a dividend of 3.61%, compared to the Drug Manufacturers - General industry's average dividend yield of 3.16%. If you owned $1,000 of ABBV stock, you would have been paid $36.13 last year.
Abbvie dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Abbvie dividend yield and history here.
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