AbbVie (NYSE: ABBV – Get Rating) updated its FY22 earnings guidance on Friday. The company put forward his EPS guidance for the period at $13.70 to $13.74, compared to a consensus EPS estimate of $13.85. AbbVie also updated its guidance for fiscal year 2022 to his EPS of $13.70 to $13.74.
Wall Street analyst opinion
Several equity analysts recently published reports on the company. Barclays lowered AbbVie’s price target from $160.00 to $155.00 in its report on Monday, October 31, setting the company’s valuation at par. StockNews.com began covering AbbVie in an investigative report on Wednesday, October 12. They set a strong buy rating on the company. SVB Leerink lowered its price target for AbbVie shares from $140.00 to $135.00, setting the stock’s valuation to underperform in a research report on Friday, Sept. 30. Did. Atlantic Securities lowered its price target on AbbVie from $162.00 to $157.00 in its research notes on Monday, October 31, giving the stock a neutral rating. Finally, Morgan Stanley raised its price target on AbbVie stock from his $178.00 to $182.00, giving it an Overweight rating in its research note on Tuesday, Dec. 6. Equity Research 1 of his analysts gave the stock a sell rating, 7 gave a hold rating, 6 assigned a buy rating, and 1 assigned a strong buy rating to the company’s stock. I was. According to MarketBeat data, the company’s current average rating is Hold, with a consensus target price of $159.89.
AbbVie price performance
ABBV rose $3.06 in Friday trading to reach $166.55. His 5,042,686 shares in the company were exchanged, but the average trading volume was 4,498,141 of his shares. AbbVie’s 12-month low is $128.26 and its 12-month high is $175.91. The company’s 50-day moving average is $158.31 and its 200-day moving average is $149.17. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt to equity ratio of 3.77. The company has a market cap of $294.54 billion, a price/earnings ratio of 22.24, a P/E/G ratio of 3.54 and a beta of 0.69.
AbbVie (NYSE: ABBV – Get Rating) last reported quarterly earnings data on Friday, October 28. The company reported his EPS of $3.66 for the quarter, beating analyst consensus expectations of $3.56 for him by $0.10. AbbVie’s net profit margin was 23.19% and return on equity was 155.88%. The company’s revenue for the quarter was $14.81 billion, compared with analyst estimates of $14.95 billion. During the same period last year, the business earned him $3.33 per share. AbbVie revenue increased 3.3% compared to the same period last year. Research analysts expect AbbVie to post 13.98 earnings per share for the current financial year.
AbbVie increases dividend
The company recently announced a quarterly dividend payable on Wednesday, February 15th. Investors of record on Friday, January 13 will receive a dividend of $1.48 per share. This represents his $5.92 dividend and his 3.55% yield on an annualized basis. This is up from AbbVie’s previous quarterly dividend of $1.41. The ex-dividend date for this dividend is Thursday, January 12. AbbVie’s payout percentage is currently 75.30%.
In other AbbVie news, EVP Timothy J. Richmond sold 42,370 shares in the company in a transaction that took place on Monday, December 12th. The shares sold for an average of $163.44 for a total of $6,924,952.80. Following the closing of the transaction, the Executive Vice President now owns 13,837 shares of the Company’s stock valued at approximately $2,261,519.28. The transaction was disclosed in SEC filings available at this link. A corporate insider owns his 0.08% of the company’s shares.
Hedge funds join AbbVie
Institutional investors recently changed their holdings in the company. Retirement Income Solutions Inc bought a new position in AbbVie for $204,000 in the first quarter. Maple Capital Management Inc. purchased approximately $221,000 worth of his new AbbVie stock in the first quarter. Algert Global LLC purchased new shares of his AbbVie stock worth approximately $281,000 in the third quarter. BCK Partners Inc. purchased his new stake in AbbVie worth approximately $298,000 in the first quarter. Finally, Worth Asset Management LLC purchased approximately $407,000 worth of new AbbVie stock in the first quarter. Currently 67.71% of the shares are owned by institutional investors.
AbbVie Inc discovers, develops, manufactures and markets pharmaceuticals worldwide. The company offers Humira, a therapy given as an injection for autoimmune diseases and intestinal Behcet’s disease. SKYRIZI for the treatment of moderate-to-severe plaque psoriasis in adults; RINVOQ, a JAK inhibitor for the treatment of moderate-to-severe active rheumatoid arthritis in adult patients. IMBRUVICA, which treats adult patients with chronic lymphocytic leukemia (CLL), small lymphocytic lymphoma (SLL), and VENCLEXTA, a BCL-2 inhibitor used to treat adult CLL or SLL. MAVYRET treats patients with chronic HCV genotype 1-6 infection.
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