Analyst Ratings for Abbott Laboratories (ABT)Updated: 2017-07-28
Analysts covering Abbott Laboratories (NYSE:ABT) have given it a consensus rating of Overweight. A consensus rating of Overweight was previously issued for ABT last month.
21 analysts issued ratings on the stock, where 12 gave ABT a buy rating, 1 gave an overweight rating, 8 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 2 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
Several price targets were given for ABT by the analysts covering the stock. The most optimistic price target was 58, which equates to a potential upside of 15.75 percent. The most pessimistic analyst gave a price target of 47, which equates to a potential downside of -6.21 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -1.52 percent on average, compared to last month. That number becomes -1.52 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 0.61 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0.81 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 4 analysts increased their quarterly estimates, while 6 analysts revised their estimates downwards. Also over the last month, 7 analysts increased their estimates for the FY earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
The growth rate of ABT's earnings is estimated by analysts to be 243.76 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of ABT is 0.29.
ABT has traded between a high of 51.13 and a low of 37.38 over the past year. The current market price is above the trailing year's low by 34.06 percent, and 1.99 percent below the high. ABT has a price/earnings ratio of 69.92. Investors typically compare the P/E ratio to a company's peers in the industry. The ABT value stock report compares ABT to some of its peers using value stock charts. The stock has a market capitalization of $87.46 billion. ABT is estimated to release their earnings results for the quarter on 0000-00-00, days from today.