Analyst Ratings for AbbVie Inc. (ABBV)Updated: 2017-07-28
Analysts covering AbbVie Inc. (NYSE:ABBV) have given it a consensus rating of Overweight. Last month, ABBV received an average rating of Overweight.
A buy rating was issued by 8 analysts, 2 issued an overweight rating, 12 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Investment analysts gave a few price targets for ABBV. The most optimistic price target was 95, implying a possible profit of 32.44 percent. The most pessimistic price target was 60, which equates to a potential downside of -16.35 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 1.82 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.46 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, while 2 analysts made negative revisions. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 2 analysts that revised their FY estimates downwards.
ABBV has an estimated earnings growth rate of 41.4 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of ABBV is 0.45.
ABBV has traded between a high of 75.04 and a low of 55.06 over the past year. Currently the stock is 30.28 percent higher than its low, and 4.41 percent below the high. ABBV has a P/E ratio of 18.58. Investors typically compare the P/E ratio to a company's peers in the industry. The ABBV value stock report compares ABBV to some of its peers using value stock charts. The market cap of ABBV is $115.53 billion. ABBV's next earnings release will be on 0000-00-00, which is days away.