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.
ABT was given price targets by several analysts. The highest price target was 58, implying a possible profit of 15.75 percent. The minimum price target given was 47, implying a possible loss of -6.21 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
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. 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. 4 analysts have revised their quarterly estimates upwards in the past 30 days, while 6 analysts revised their estimates downwards. Also over the last month, 7 analysts increased their estimates for the FY earnings, compared to 2 analysts that revised their FY estimates downwards.
The growth rate of ABT's earnings is estimated by analysts to be 243.76 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. 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. The current market price is above the trailing year's low by 34.06 percent, and below the high by 1.99 percent. 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 market cap of ABT is $87.46 billion. ABT is estimated to release their earnings results for the quarter on 0000-00-00, days from today.