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Abbott Laboratories (ABT)
NYSE:ABT
Abbott Laboratories (ABT) Stock Price & Analysis
7,460 Followers
ABT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$88.80 - $121.04
Previous Close$102.33
Volume2.02M
Average Volume (3M)5.64M
Market Cap
$179.53B
Enterprise Value$187.70B
Total Cash (Recent Filing)$6.65B
Total Debt (Recent Filing)$14.59B
Price to Earnings (P/E)31.9
Beta0.65
Next Earnings
Jul 18, 2024EPS Estimate
$1.11Next Dividend Ex-Date
Jul 15, 2024Dividend Yield2.05%
Share Statistics
EPS (TTM)3.21
Shares Outstanding1,739,633,759
10 Day Avg. Volume6,557,564
30 Day Avg. Volume5,640,104
Standard Deviation0.06
R-Squared0.40
Alpha-0.00097
Financial Highlights & Ratios
Price to Book (P/B)25.79
Price to Sales (P/S)4.58
Price to Cash Flow (P/CF)44.90
P/FCF Ratio61.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.65
Enterprise Value/Gross Profit8.48
Enterprise Value/Ebitda18.04
Forecast
1Y Price Target
$127.33Price Target Upside24.43% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
Abbott Laboratories News
Bulls Say, Bears Say
Bulls Say
Market PositionABT is one of the cheapest ways to buy high quality growth in medtech.
Product InnovationThe FDA cleared ABT's Lingo OTC continuous glucose monitor (CGM).
Revenue GrowthABT sees sustainable high single digit growth supported by its pipeline, recent launches, and healthy utilization.
Bears Say
Competitive PressureMitraClip growth in the US has been facing competitive headwinds from the EW’s US Pascal rollout.
LitigationLatest filings indicate that ABT is named as a defendant in 993 federal and state cases, with the company disclosing the first state case will take place in Missouri (MO) this upcoming January.
ValuationShares now trading sub-22.0x on a forward PE basis and sub-17.0x on a forward EBITDA basis are pricing at a ~15-20% discount to other high-growth large-cap peers.
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Ownership Overview
2.80% Insiders
26.69% Mutual Funds
18.97% Other Institutional Investors
51.54% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ABT FAQ
What was Abbott Laboratories’s price range in the past 12 months?
Abbott Laboratories lowest stock price was $88.80 and its highest was $121.04 in the past 12 months.
What is Abbott Laboratories’s market cap?
Currently, no data Available
When is Abbott Laboratories’s upcoming earnings report date?
Abbott Laboratories’s upcoming earnings report date is Jul 18, 2024 which is in 14 days.
How were Abbott Laboratories’s earnings last quarter?
Abbott Laboratories released its earnings results on Apr 17, 2024. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.955 by $0.025.
Is Abbott Laboratories overvalued?
According to Wall Street analysts Abbott Laboratories’s price is currently Undervalued.
Does Abbott Laboratories pay dividends?
Abbott Laboratories pays a Quarterly dividend of $0.55 which represents an annual dividend yield of 2.05%. See more information on Abbott Laboratories dividends here
What is Abbott Laboratories’s EPS estimate?
Abbott Laboratories’s EPS estimate is $1.11.
How many shares outstanding does Abbott Laboratories have?
Abbott Laboratories has 1,739,633,800 shares outstanding.
What happened to Abbott Laboratories’s price movement after its last earnings report?
Abbott Laboratories reported an EPS of $0.98 in its last earnings report, beating expectations of $0.955. Following the earnings report the stock price went down -3.031%.
Which hedge fund is a major shareholder of Abbott Laboratories?
Among the largest hedge funds holding Abbott Laboratories’s share is Fisher Asset Management LLC. It holds Abbott Laboratories’s shares valued at 1B.
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Abbott Laboratories Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$127.33 (24.43% Upside)
$127.33 (24.43% Upside)
Blogger Sentiment
Bullish
ABT Sentiment 90%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 2.6M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $3.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 2.1%
Last 30 Days ▲ 2.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-2.62%
12-Months-Change
Fundamentals
Return on Equity
14.80%
Trailing 12-Months
Asset Growth
-1.80%
Trailing 12-Months
Company Description
Abbott Laboratories
Abbott Laboratories offers a diversified line of healthcare products. It operates through four reportable segments: Established Pharmaceutical Products International (includes international sales of branded generic pharmaceutical products), Nutritional Products Diagnostic Products and Medical Devices. The company was founded by Wallace Calvin Abbott in 1888 and is headquartered in Abbott Park, IL.
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ABT Company Deck
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ABT Earnings Call
Q1 2024
0:00 / 0:00
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ABT Net sales Breakdown
42.10% Medical Devices
24.90% Diagnostic Products
20.33% Nutritional Products
12.63% Established Pharmaceutical Products
0.03% Other
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ABT Stock 12 Month Forecast
Average Price Target
$127.33
▲(24.43% Upside)
Technical Analysis
Best Analysts Covering ABT
1 Year
1 Year Success Rate
39/47 ratings generated profit
1 Year Average Return
+18.53%
reiterated a buy rating 3 months ago
Copying Jayson Bedford's trades and holding each position for 1 Year would result in 82.98% of your transactions generating a profit, with an average return of +18.53% per trade.
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