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Abbott Laboratories (ABT)
NYSE:ABT
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ABT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$89.67 - $121.64
Previous Close$114.88
Volume8.14M
Average Volume (3M)6.12M
Market Cap
$198.61B
Enterprise Value$207.66B
Total Cash (Recent Filing)$7.22B
Total Debt (Recent Filing)$14.75B
Price to Earnings (P/E)37.3
Beta0.57
Next Earnings
Oct 16, 2024EPS Estimate
$1.2Last Dividend Ex-Date
Jul 15, 2024Dividend Yield1.83%
Share Statistics
EPS (TTM)3.17
Shares Outstanding1,739,897,004
10 Day Avg. Volume4,563,979
30 Day Avg. Volume6,119,958
Standard Deviation0.06
R-Squared0.39
Alpha-0.00101
Financial Highlights & Ratios
Price to Book (P/B)5.08
Price to Sales (P/S)5.05
Price to Cash Flow (P/CF)26.20
P/FCF Ratio33.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.10
Enterprise Value/Gross Profit9.38
Enterprise Value/Ebitda20.04
Forecast
1Y Price Target
$127.36Price Target Upside11.57% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
Abbott Laboratories News
Bulls Say, Bears Say
Bulls Say
EarningsSecond-quarter revenue of $10.38B and EPS of $1.14 beat Street forecasts of $10.37B and $1.11.
Financial PerformanceAnalyst sees a pathway to durable high single-digit top-line growth and expects Abbott Laboratories to return to double-digit adjusted EPS growth in 2025 and beyond.
ValuationValuation is attractive at current levels, with shares trading at a discount to large-cap medtech peers.
Bears Say
Financial PerformanceLight Q3 EPS guidance and stronger foreign exchange headwinds impacted topline.
LitigationOngoing overhang from the necrotizing enterocolitis litigation contributes to stock weakness.
Litigation CostsA jury in St. Louis ordered ABT to pay $495M in the company's first necrotizing-enterocolitis case.
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Ownership Overview
2.80% Insiders
26.27% Mutual Funds
40.71% Other Institutional Investors
30.22% 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 $89.67 and its highest was $121.64 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 Oct 16, 2024 which is in 26 days.
How were Abbott Laboratories’s earnings last quarter?
Abbott Laboratories released its earnings results on Jul 18, 2024. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.105 by $0.035.
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 1.83%. See more information on Abbott Laboratories dividends here
What is Abbott Laboratories’s EPS estimate?
Abbott Laboratories’s EPS estimate is $1.2.
How many shares outstanding does Abbott Laboratories have?
Abbott Laboratories has 1,739,897,000 shares outstanding.
What happened to Abbott Laboratories’s price movement after its last earnings report?
Abbott Laboratories reported an EPS of $1.14 in its last earnings report, beating expectations of $1.105. Following the earnings report the stock price went down -4.404%.
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:
$127.36 (11.57% Upside)
$127.36 (11.57% Upside)
Blogger Sentiment
Bullish
ABT Sentiment 93%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Increased
By 979.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $16.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days >0.1%
Last 30 Days ▼ 0.2%
Last 30 Days ▼ 0.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
15.74%
12-Months-Change
Fundamentals
Return on Equity
14.47%
Trailing 12-Months
Asset Growth
-0.46%
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
Q2 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
$127.36
▲(11.57% Upside)
Technical Analysis
Best Analysts Covering ABT
1 Year
1 Year Success Rate
41/47 ratings generated profit
1 Year Average Return
+19.40%
reiterated a buy rating 5 months ago
Copying Jayson Bedford's trades and holding each position for 1 Year would result in 87.23% of your transactions generating a profit, with an average return of +19.40% per trade.
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