AbbVie Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last year. There are currently 1 sell rating, 5 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AbbVie stock.
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16 brokers have issued 12-month target prices for AbbVie's shares. Their ABBV stock forecasts range from $135.00 to $200.00. On average, they expect AbbVie's stock price to reach $159.75 in the next twelve months. This suggests a possible upside of 3.9% from the stock's current price.
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AbbVie's stock was trading at $135.40 on January 1st, 2022. Since then, ABBV shares have increased by 13.6% and is now trading at $153.80.
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AbbVie is scheduled to release its next quarterly earnings announcement on Friday, July 29th 2022.
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AbbVie Inc. (NYSE:ABBV) issued its quarterly earnings data on Friday, April, 29th. The company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.01. The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.61 billion. AbbVie had a net margin of 22.00% and a trailing twelve-month return on equity of 159.31%. The company's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.95 earnings per share.
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AbbVie announced a quarterly dividend on Thursday, June 23rd. Shareholders of record on Friday, July 15th will be given a dividend of $1.41 per share on Monday, August 15th. This represents a $5.64 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, July 14th.
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AbbVie(NYSE:ABBV) pays an annual dividend of $5.64 per share and currently has a dividend yield of 3.68%. AbbVie 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 of AbbVie is 80.92%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AbbVie will have a dividend payout ratio of 47.55% next year. This indicates that AbbVie will be able to sustain or increase its dividend.
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AbbVie updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $13.92-$14.12 for the period, compared to the consensus EPS estimate of $14.11. The company issued revenue guidance of $59.40 billion-$59.40 billion, compared to the consensus revenue estimate of $60.04 billion.

580 employees have rated AbbVie CEO Richard A. Gonzalez on Glassdoor.com. Richard A. Gonzalez has an approval rating of 88% among AbbVie's employees.

Some companies that are related to AbbVie include Johnson & Johnson (JNJ), Eli Lilly and (LLY), Pfizer (PFE), Merck & Co., Inc. (MRK), Bristol-Myers Squibb (BMY), Zoetis (ZTS), Royalty Pharma (RPRX), Horizon Therapeutics Public (HZNP), Jazz Pharmaceuticals (JAZZ), Perrigo (PRGO), Corcept Therapeutics (CORT), Pacira BioSciences (PCRX), Supernus Pharmaceuticals (SUPN), Nektar Therapeutics (NKTR) and Omeros (OMER).
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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."

AbbVie's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Park National Corp OH (0.00%) and Stonebridge Capital Management Inc. (0.00%). Company insiders that own AbbVie stock include Brian L Durkin, Carlos Alban, Carrie C Strom, Carrie C Strom, Edward J Rapp, Elaine K Sorg, Henry O Gosebruch, Istar Inc, Jeffrey Ryan Stewart, Laura J Schumacher, Michael Severino, Nicholas Donoghoe, Richard A Gonzalez, Robert A Michael, Roxanne S Austin, Timothy J Richmond and Timothy J Richmond.
View institutional ownership trends for AbbVie.

ABBV stock was sold by a variety of institutional investors in the last quarter, including Park National Corp OH, and Stonebridge Capital Management Inc.. Company insiders that have sold AbbVie company stock in the last two years include Brian L Durkin, Carlos Alban, Carrie C Strom, Elaine K Sorg, Henry O Gosebruch, Jeffrey Ryan Stewart, Laura J Schumacher, Michael Severino, Richard A Gonzalez, Robert A Michael, Roxanne S Austin, and Timothy J Richmond.
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Shares of ABBV 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 $153.80.

AbbVie (NYSE:ABBV) has a market capitalization of $271.78 billion and generates $56.20 billion in revenue each year. The company earns $11.54 billion in net income (profit) each year or $6.97 on an earnings per share basis.

AbbVie employs 50,000 workers across the globe.

AbbVie was founded in 2013.

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