AbbVie - ABBV Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ABBV shares.
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16 Wall Street analysts have issued 1 year price objectives for AbbVie's shares. Their ABBV share price forecasts range from $135.00 to $200.00. On average, they expect the company's share price to reach $159.35 in the next year. This suggests a possible upside of 11.7% from the stock's current price.
View analysts price targets for ABBV or view top-rated stocks among Wall Street analysts.

AbbVie's stock was trading at $135.40 at the start of the year. Since then, ABBV shares have increased by 5.4% and is now trading at $142.72.
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AbbVie saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 12,950,000 shares, an increase of 13.8% from the August 31st total of 11,380,000 shares. Based on an average daily volume of 5,430,000 shares, the days-to-cover ratio is currently 2.4 days.
View AbbVie's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our ABBV earnings forecast.

AbbVie Inc. (NYSE:ABBV) released its quarterly earnings data on Friday, July, 29th. The company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.42 by $0.09. The company earned $14.58 billion during the quarter, compared to the consensus estimate of $14.64 billion. AbbVie had a net margin of 22.03% and a trailing twelve-month return on equity of 158.41%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.11 earnings per share.
Read the conference call transcript.

AbbVie declared a quarterly dividend on Friday, September 9th. Investors of record on Friday, October 14th will be given a dividend of $1.41 per share on Tuesday, November 15th. This represents a $5.64 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, October 13th.
Read our dividend analysis for ABBV.

AbbVie (NYSE:ABBV) pays an annual dividend of $5.64 per share and currently has a dividend yield of 3.90%. The company has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 79.89%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ABBV will have a dividend payout ratio of 47.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ABBV.

AbbVie issued an update on its third quarter 2022 earnings guidance on Monday, August, 8th. The company provided earnings per share guidance of $3.55-$3.59 for the period, compared to the consensus estimate of $3.67. The company issued revenue guidance of $14.80 billion-$14.80 billion, compared to the consensus revenue estimate of $15.28 billion.

580 employees have rated AbbVie Chief Executive Officer Richard A. Gonzalez on Glassdoor.com. Richard A. Gonzalez has an approval rating of 88% among the company's employees.

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), AT&T (T), Bristol-Myers Squibb (BMY), Wheaton Precious Metals (WPM), Rogers Communications (RCI) and Open Text (OTEX).

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

Shares of ABBV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ABBV stock can currently be purchased for approximately $142.72.

AbbVie (NYSE:ABBV) has a market capitalization of $252.34 billion and generates $56.20 billion in revenue each year. The company earns $11.54 billion in net income (profit) each year or $7.06 on an earnings per share basis.

The company employs 50,000 workers across the globe.

AbbVie's mailing address is 1 NORTH WAUKEGAN ROAD, NORTH CHICAGO IL, 60064. The official website for the company is www.abbvie.com. The company can be reached via phone at (847) 932-7900 or via fax at 302-655-5049.