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NYSE:ABBV

AbbVie Stock Forecast, Price & News

Trending Stocks   Top Beat the Market™ Stocks  
$103.62
-0.34 (-0.33 %)
(As of 11/25/2020 11:42 AM ET)
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Compare
Today's Range
$103.50
Now: $103.62▼
$104.46
50-Day Range
$80.49
MA: $90.40▼
$102.18
52-Week Range
$62.55
Now: $103.62▼
$104.82
Volume214,169 shs
Average Volume9.72 million shs
Market Capitalization$182.94 billion
P/E Ratio21.91
Dividend Yield4.62%
Beta0.72
AbbVie Inc. discovers, develops, manufactures, and sells pharmaceuticals in the United States, Japan, Germany, Canada, France, Spain, Italy, the Netherlands, the United Kingdom, Brazil, and internationally. The company offers HUMIRA, a therapy administered as an injection for autoimmune and intestinal Behçet's diseases; SKYRIZI to treat 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 to treat adult patients with chronic lymphocytic leukemia (CLL), small lymphocytic lymphoma (SLL), mantle cell lymphoma, waldenström's macroglobulinemia, marginal zone lymphoma, and chronic graft versus host disease; VENCLEXTA, a BCL-2 inhibitor used to treat adults with CLL or SLL; VIEKIRA PAK, an interferon-free therapy to treat adults with genotype 1 chronic hepatitis C virus (HCV); TECHNIVIE to treat adults with genotype 4 HCV infection; and MAVYRET to treat patients with chronic HCV genotype 1-6 infection. It also provides SYNAGIS that protects at-risk infants from severe respiratory disease; KALETRA, a prescription anti-HIV-1 medicine; CREON, a pancreatic enzyme therapy for exocrine pancreatic insufficiency; Synthroid used in the treatment of hypothyroidism; AndroGel for males diagnosed with symptomatic low testosterone; and Lupron, a product for the palliative treatment of advanced prostate cancer, endometriosis and central precocious puberty, and patients with anemia caused by uterine fibroids. In addition, the company offers ORILISSA, a nonpeptide small molecule gonadotropin-releasing hormone antagonist; Duopa and Duodopa, a levodopa-carbidopa intestinal gel to treat Parkinson's disease; and Sevoflurane, an anesthesia product. It has collaborations with Calico Life Sciences LLC; Alector, Inc.; Janssen Biotech, Inc.; Jacobio Pharmaceuticals; I-Mab; and Genmab A/S. The company was incorporated in 2012 and is based in North Chicago, Illinois.
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AbbVie logo

Beat the Market (BTM) Rank™

Analyst Opinion: 2.4Community Rank: 2.9Dividend Strength: 5.0Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.72 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry Pharmaceutical preparations
Sub-IndustryPharmaceuticals
SectorMedical
Current SymbolNYSE:ABBV
Previous Symbol
CUSIP00287Y10
CIK1551152
Webwww.abbvie.com
Phone847-932-7900
Employees30,000

Debt

Debt-to-Equity Ratio5.38
Current Ratio0.95
Quick Ratio0.81

Price-To-Earnings

Trailing P/E Ratio21.91
Forward P/E Ratio9.89
P/E Growth1.64

Sales & Book Value

Annual Sales$33.27 billion
Price / Sales5.50
Cash Flow$10.62 per share
Price / Cash Flow9.76
Book Value$8.66 per share
Price / Book11.97

Profitability

EPS (Most Recent Fiscal Year)$8.94
Net Income$7.88 billion
Net Margins18.16%
Return on Equity439.24%
Return on Assets13.22%

Miscellaneous

Outstanding Shares1,765,474,000
Market Cap$182.94 billion
Next Earnings Date2/5/2021 (Estimated)
OptionableOptionable
$103.62
-0.34 (-0.33 %)
(As of 11/25/2020 11:42 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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AbbVie (NYSE:ABBV) Frequently Asked Questions

How has AbbVie's stock been impacted by Coronavirus?

AbbVie's stock was trading at $84.85 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ABBV shares have increased by 22.5% and is now trading at $103.95.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of AbbVie?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last year. There are currently 1 sell rating, 4 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for AbbVie.

What stocks does MarketBeat like better than AbbVie?

Wall Street analysts have given AbbVie a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but AbbVie wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is AbbVie's next earnings date?

AbbVie is scheduled to release its next quarterly earnings announcement on Friday, February 5th 2021.
View our earnings forecast for AbbVie.

How were AbbVie's earnings last quarter?

AbbVie Inc. (NYSE:ABBV) posted its quarterly earnings data on Friday, October, 30th. The company reported $2.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.08. The company earned $12.88 billion during the quarter, compared to the consensus estimate of $12.71 billion. AbbVie had a return on equity of 439.24% and a net margin of 18.16%. AbbVie's revenue was up 51.9% on a year-over-year basis. During the same quarter last year, the company earned $2.33 EPS.
View AbbVie's earnings history.

How often does AbbVie pay dividends? What is the dividend yield for AbbVie?

AbbVie announced a quarterly dividend on Friday, October 30th. Investors of record on Friday, January 15th will be paid a dividend of $1.30 per share on Tuesday, February 16th. This represents a $5.20 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Thursday, January 14th. This is a positive change from AbbVie's previous quarterly dividend of $1.18.
View AbbVie's dividend history.

How will AbbVie's stock buyback program work?

AbbVie announced that its Board of Directors has authorized a share buyback program on Thursday, December 13th 2018, which allows the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 3.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

What guidance has AbbVie issued on next quarter's earnings?

AbbVie issued an update on its FY 2020 Pre-Market earnings guidance on Friday, October, 30th. The company provided earnings per share (EPS) guidance of 10.47-10.49 for the period, compared to the Thomson Reuters consensus EPS estimate of $10.42.

What price target have analysts set for ABBV?

21 analysts have issued 1 year price objectives for AbbVie's shares. Their forecasts range from $95.00 to $127.00. On average, they expect AbbVie's share price to reach $111.00 in the next twelve months. This suggests a possible upside of 6.8% from the stock's current price.
View analysts' price targets for AbbVie.

Are investors shorting AbbVie?

AbbVie saw a increase in short interest in the month of October. As of October 30th, there was short interest totaling 12,840,000 shares, an increase of 20.7% from the October 15th total of 10,640,000 shares. Based on an average trading volume of 7,930,000 shares, the days-to-cover ratio is presently 1.6 days.
View AbbVie's Short Interest.

Who are some of AbbVie's key competitors?

Some companies that are related to AbbVie include Johnson & Johnson (JNJ), Pfizer (PFE), Merck & Co., Inc. (MRK), Bristol-Myers Squibb (BMY), Eli Lilly and (LLY), Zoetis (ZTS), Royalty Pharma (RPRX), Horizon Therapeutics Public (HZNP), Mylan (MYL), Jazz Pharmaceuticals (JAZZ), Perrigo (PRGO), Nektar Therapeutics (NKTR), Pacira BioSciences (PCRX), Corcept Therapeutics (CORT) and Endo International (ENDP).
View all competitors.

What other stocks do shareholders of AbbVie own?

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

Who are AbbVie's key executives?

AbbVie's management team includes the following people:
  • Mr. Richard A. Gonzalez, Chairman & CEO (Age 66, Pay $7.11M)
  • Dr. Michael E. Severino, Vice Chairman & Pres (Age 54, Pay $3.98M)
  • Mr. Robert A. Michael, Exec. VP & CFO (Age 50, Pay $2.76M)
  • Ms. Laura J. Schumacher, Vice Chairman of External Affairs, Chief Legal Officer & Corp. Sec. (Age 57, Pay $4.3M)
  • Mr. Carlos Alban, Vice Chairman & Chief Commercial Officer (Age 57, Pay $4.08M)
  • Dr. Azita Saleki-Gerhardt, Exec. VP of Operations (Age 57)
  • Dr. Thomas J. Hudson, Sr. VP of R&D and Chief Scientific Officer (Age 58)
  • Ms. Elizabeth Shea, VP of Investor Relations
  • Mr. Timothy J. Richmond, Exec. VP & Chief HR Officer (Age 54)
  • Mr. Scott C. Brun M.D., VP of Scientific Affairs & Head of AbbVie Ventures

What is AbbVie's stock symbol?

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

Who are AbbVie's major shareholders?

AbbVie's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.91%), State Street Corp (4.43%), Nuveen Asset Management LLC (1.14%), Morgan Stanley (0.78%), Orbis Allan Gray Ltd (0.53%) and UBS Asset Management Americas Inc. (0.52%). Company insiders that own AbbVie stock include Azita Saleki-Gerhardt, Brian L Durkin, Carlos Alban, Edward J Rapp, Henry O Gosebruch, Istar Inc, Jeffrey Ryan Stewart, Laura J Schumacher, Nicholas Donoghoe, Richard A Gonzalez, Roxanne S Austin, Timothy J Richmond and William J Chase.
View institutional ownership trends for AbbVie.

Which institutional investors are selling AbbVie stock?

ABBV stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, AQR Capital Management LLC, State Street Corp, BlackRock Inc., Orbis Allan Gray Ltd, Los Angeles Capital Management & Equity Research Inc., Federated Hermes Inc., and KBC Group NV. Company insiders that have sold AbbVie company stock in the last year include Carlos Alban, Jeffrey Ryan Stewart, Richard A Gonzalez, and Timothy J Richmond.
View insider buying and selling activity for AbbVie.

Which institutional investors are buying AbbVie stock?

ABBV stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, AJO LP, DekaBank Deutsche Girozentrale, CIBC Private Wealth Group LLC, Menora Mivtachim Holdings LTD., UBS Asset Management Americas Inc., PGGM Investments, and Lord Abbett & CO. LLC. Company insiders that have bought AbbVie stock in the last two years include Brian L Durkin, Edward J Rapp, 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.

How do I buy shares of 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.

What is AbbVie's stock price today?

One share of ABBV stock can currently be purchased for approximately $103.95.

How big of a company is AbbVie?

AbbVie has a market capitalization of $183.52 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.

What is AbbVie's official website?

The official website for AbbVie is www.abbvie.com.

How can I contact AbbVie?

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

This page was last updated on 11/25/2020 by MarketBeat.com Staff
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