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 maximum price target given was 58, implying potential capital gains of 15.75 percent. The most pessimistic price target was 47, implying a possible loss of -6.21 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.52 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -1.52 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0.61 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.81 percent.
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. During this time, 7 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 ABT's earnings is estimated by analysts to be 243.76 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. ABT has a PEG ratio of 0.29.
ABT has traded between a high of 51.13 and a low of 37.38 over the past year. Currently the stock is 34.06 percent higher than its low, and 1.99 percent lower than its 52-week high. ABT has a P/E 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 will post this quarters earnings in days, on 0000-00-00.