NYSE:ABBV - AbbVie Stock Price, Forecast & News

AbbVie's stock was trading at $84.85 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ABBV stock has decreased by 14.4% and is now trading at $72.67. View which stocks have been mosted impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last year. There are currently 1 sell rating, 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for AbbVie.

AbbVie is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for AbbVie.

AbbVie Inc (NYSE:ABBV) released its quarterly earnings data on Friday, February, 7th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.19 by $0.02. The business had revenue of $8.70 billion for the quarter, compared to the consensus estimate of $8.68 billion. AbbVie had a net margin of 23.69% and a negative return on equity of 162.54%. AbbVie's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.90 EPS. View AbbVie's earnings history.

AbbVie announced a quarterly dividend on Thursday, February 20th. Investors of record on Wednesday, April 15th will be paid a dividend of $1.18 per share on Friday, May 15th. This represents a $4.72 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend is Tuesday, April 14th. View AbbVie's dividend history.

AbbVie announced that its board has approved a share buyback program on Thursday, December 13th 2018, which permits the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 3.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

AbbVie updated its FY20 earnings guidance on Friday, February, 7th. The company provided EPS guidance of $9.61-9.71 for the period, compared to the Thomson Reuters consensus estimate of $9.78.

14 analysts have issued 12 month price targets for AbbVie's shares. Their forecasts range from $78.00 to $105.00. On average, they expect AbbVie's share price to reach $91.83 in the next year. This suggests a possible upside of 26.4% from the stock's current price. View analysts' price targets for AbbVie.

News coverage about ABBV stock has been trending extremely negative recently, according to InfoTrie. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. AbbVie earned a coverage optimism score of -4.0 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutAbbVie.

Some companies that are related to AbbVie include Johnson & Johnson (JNJ), Merck & Co., Inc. (MRK), Pfizer (PFE), Eli Lilly And Co (LLY), Bristol-Myers Squibb (BMY), Allergan (AGN), Zoetis (ZTS), Mylan (MYL), Perrigo (PRGO), Jazz Pharmaceuticals (JAZZ), Horizon Therapeutics (HZNP), Nektar Therapeutics (NKTR), Pacira Biosciences (PCRX), Corcept Therapeutics (CORT) and Zogenix (ZGNX).

Based on aggregate information from My MarketBeat watchlists, some companies that other AbbVie investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), Vermilion Energy (VET), Wheaton Precious Metals (WPM), Rogers Communications (RCI), Open Text (OTEX), Valeant Pharmaceuticals Intl (VRX) and AT&T (T).

AbbVie trades on the New York Stock Exchange (NYSE) under the ticker symbol "ABBV."

AbbVie's stock is owned by many different retail and institutional investors. Top institutional investors include Capital Research Global Investors (5.86%), State Street Corp (4.65%), FMR LLC (2.72%), Geode Capital Management LLC (1.65%), Norges Bank (1.03%) and Bank of New York Mellon Corp (1.02%). Company insiders that own AbbVie stock include Azita Saleki-Gerhardt, Brian L Durkin, Edward J Rapp, Glenn F Tilton, Henry O Gosebruch, Istar Inc, Jeffrey Ryan Stewart, Laura J Schumacher, Michael Severino, Nicholas Donoghoe, Richard A Gonzalez, Roxanne S Austin, Timothy J Richmond and William J Chase. View institutional ownership trends for AbbVie.

ABBV stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Schroder Investment Management Group, Capital International Investors, Skandinaviska Enskilda Banken AB publ, Victory Capital Management Inc., Levin Easterly Partners LLC, Bank of New York Mellon Corp, and Bank of Montreal Can. View insider buying and selling activity for AbbVie.

ABBV stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Renaissance Technologies LLC, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, FMR LLC, Nuveen Asset Management LLC, Janus Henderson Group PLC, Farallon Capital Management LLC, and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have bought AbbVie stock in the last two years include Brian L Durkin, Edward J Rapp, Glenn F Tilton, Henry O Gosebruch, Istar Inc, Jeffrey Ryan Stewart, Laura J Schumacher, Nicholas Donoghoe, Roxanne S Austin, and William J Chase. View insider buying and selling activity for AbbVie.

Shares of ABBV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ABBV stock can currently be purchased for approximately $72.67.

AbbVie has a market capitalization of $107.31 billion and generates $33.27 billion in revenue each year. The company earns $7.88 billion in net income (profit) each year or $8.94 on an earnings per share basis. AbbVie employs 30,000 workers across the globe. View additional information about AbbVie.

The official website for AbbVie is http://www.abbvie.com/.

AbbVie's mailing address is 1 NORTH WAUKEGAN ROAD, NORTH CHICAGO IL, 60064. The company can be reached via phone at 847-932-7900.