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.
Several price targets were given for ABBV by the analysts covering the stock. The most optimistic analyst gave a price target of 95, implying a possible profit of 32.44 percent. The lowest price target was 60, which equates to a potential downside of -16.35 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 1.82 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.46 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
The growth rate of ABBV's earnings is estimated by analysts to be 41.4 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. ABBV has a PEG ratio of 0.45.
In the last 52-weeks, ABBV has achieved a high of 75.04 and a low of 55.06. Currently the stock is 30.28 percent higher than its low, and below the high by 4.41 percent. 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 stock has a market capitalization of $115.53 billion. ABBV will post this quarters earnings in days, on 0000-00-00.