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.
Many analysts weighed in on price targets for ABT. The highest price target was 58, implying a possible profit of 15.75 percent. The minimum price target given was 47, which equates to a potential downside of -6.21 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.52 percent. 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.81 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 4 analysts increased their quarterly estimates, while 6 analysts made negative revisions. Also over the last month, 7 analysts increased their estimates for the FY earnings, while 2 analysts decreased their 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, 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 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's next earnings release will be on 0000-00-00, which is days away.