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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
pixel
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
pixel
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
pixel
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
NYSE:ABBV

AbbVie - ABBV Stock Forecast, Price & News

$138.04
-0.88 (-0.63%)
(As of 08/5/2022 08:48 PM ET)
Add
Compare
Today's Range
$137.95
$139.91
50-Day Range
$137.62
$154.14
52-Week Range
$105.56
$175.91
Volume
5.37 million shs
Average Volume
7.31 million shs
Market Capitalization
$243.93 billion
P/E Ratio
19.55
Dividend Yield
4.09%
Price Target
$160.50

AbbVie MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
16.3% Upside
$160.50 Price Target
Short Interest
Healthy
0.80% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.34
Upright™ Environmental Score
News Sentiment
0.23mentions of AbbVie in the last 14 days
Based on 48 Articles This Week
Insider Trading
Selling Shares
$55.53 M Sold Last Quarter
Proj. Earnings Growth
-16.01%
From $14.05 to $11.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.73 out of 5 stars

Medical Sector

79th out of 1,283 stocks

Pharmaceutical Preparations Industry

26th out of 615 stocks

ABBV stock logo

About AbbVie (NYSE:ABBV) Stock

AbbVie Inc. discovers, develops, manufactures, and sells pharmaceuticals in the worldwide. 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), and VENCLEXTA, a BCL-2 inhibitor used to treat adults with CLL or SLL; and MAVYRET to treat patients with chronic HCV genotype 1-6 infection. It also provides CREON, a pancreatic enzyme therapy for exocrine pancreatic insufficiency; Synthroid used in the treatment of hypothyroidism; Linzess/Constella to treat irritable bowel syndrome with constipation and chronic idiopathic constipation; Lupron for the palliative treatment of advanced prostate cancer, endometriosis and central precocious puberty, and patients with anemia caused by uterine fibroids; and Botox therapeutic. In addition, the company offers ORILISSA, a nonpeptide small molecule gonadotropin-releasing hormone antagonist for women with moderate to severe endometriosis pain; Duopa and Duodopa, a levodopa-carbidopa intestinal gel to treat Parkinson's disease; Lumigan/Ganfort, a bimatoprost ophthalmic solution for the reduction of elevated intraocular pressure (IOP) in patients with open angle glaucoma (OAG) or ocular hypertension; Ubrelvy to treat migraine with or without aura in adults; Alphagan/ Combigan, an alpha-adrenergic receptor agonist for the reduction of IOP in patients with OAG; and Restasis, a calcineurin inhibitor immunosuppressant to increase tear production, as well as other eye care products. AbbVie Inc. has a research collaboration with Dragonfly Therapeutics, Inc. The company was incorporated in 2012 and is headquartered in North Chicago, Illinois.

Analyst Ratings Changes

A number of research firms have recently commented on ABBV. Atlantic Securities dropped their price objective on AbbVie from $178.00 to $162.00 and set a "neutral" rating on the stock in a research note on Monday, August 1st. Piper Sandler cut their target price on AbbVie from $160.00 to $155.00 in a research report on Friday, July 29th. Daiwa Capital Markets lowered AbbVie from an "outperform" rating to a "neutral" rating and set a $150.00 target price on the stock. in a research report on Friday, May 6th. UBS Group cut their target price on AbbVie from $154.00 to $146.00 and set a "neutral" rating on the stock in a research report on Monday, August 1st. Finally, Wells Fargo & Company boosted their target price on AbbVie from $165.00 to $200.00 in a research report on Monday, May 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $160.50.

AbbVie Stock Down 0.6 %

NYSE:ABBV traded down $0.88 on Friday, reaching $138.04. The stock had a trading volume of 5,371,137 shares, compared to its average volume of 6,052,852. The business has a 50 day moving average price of $147.52 and a 200 day moving average price of $150.16. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 3.89. AbbVie has a 1 year low of $105.56 and a 1 year high of $175.91. The company has a market capitalization of $243.93 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 3.87 and a beta of 0.70.

AbbVie (NYSE:ABBV - Get Rating) last released its quarterly earnings results on Friday, July 29th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.06. The company had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $14.64 billion. AbbVie had a return on equity of 157.31% and a net margin of 22.03%. The firm's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.11 EPS. On average, analysts forecast that AbbVie will post 14.05 EPS for the current fiscal year.

AbbVie Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 15th will be paid a dividend of $1.41 per share. The ex-dividend date is Thursday, July 14th. This represents a $5.64 annualized dividend and a dividend yield of 4.09%. AbbVie's dividend payout ratio (DPR) is presently 79.89%.

Insider Transactions at AbbVie

In other news, Vice Chairman Michael Severino sold 100,000 shares of the company's stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $154.45, for a total transaction of $15,445,000.00. Following the completion of the sale, the insider now owns 152,103 shares in the company, valued at approximately $23,492,308.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Vice Chairman Michael Severino sold 100,000 shares of the company's stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $154.45, for a total transaction of $15,445,000.00. Following the completion of the sale, the insider now owns 152,103 shares in the company, valued at approximately $23,492,308.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Henry O. Gosebruch sold 83,960 shares of the business's stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $155.00, for a total value of $13,013,800.00. Following the transaction, the executive vice president now directly owns 16,623 shares of the company's stock, valued at approximately $2,576,565. The disclosure for this sale can be found here. In the last quarter, insiders sold 363,761 shares of company stock worth $55,528,771. 0.08% of the stock is owned by corporate insiders.

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ABBV Stock News Headlines

3 Pharma Stocks' Post-Earnings Price Moves
The health care sector is participating in the S&P's nascent rally, but pharmaceuticals AbbVie, Merck and Pfizer are holding up well relative to the market.
MarketBeat: Week in Review 7/25 – 7/29 (ABBV)
The markets are rallying as big tech earnings are lifting investors' spirits. Here are some of the stocks our analysts were looking at this week.
These 5 Microcap Stocks…
A financial holding company, a medical device company, and three more microcap stocks could see a spike in share prices… All due to an earnings announcement coming very soon. Now’s your chance to see the opportunity provided by these 5 microcap stocks. Click here to get the names & ticker symbols of all 5. pixel
Should You Buy AbbVie Ahead Of Earnings?
AbbVie (NYSE: ABBV) is due to announce its earnings over the next couple of days. Some investors are considering buying it in advance, but it is worth the investment?
MarketBeat: Week in Review 7/18 – 7/22 (ABBV)
Investors should be careful not to read too much into this week's rally. Next week will bring the Fed's decision on interest rates and key earnings reports from the tech sector. Both could cause significant movement in either direction. While you wait, here are some of the stocks our analysts were looking at this week
A Dose of AbbVie Stock Can Help Your Bear Market Portfolio
AbbVie (NYSE: ABBV) is a conventional stock for unconventional times. And that’s exactly why it makes sense to add or hold in your bear market portfolio.
The Incredible Dividend Map... Where Stocks Yield 26% a Year!
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
What's Happening With AbbVie Stock?
AbbVie (NYSE:ABBV) Given New $160.00 Price Target at Barclays
AbbVie (NYSE:ABBV) PT Lowered to $188.00 at Morgan Stanley
What’s Happening With AbbVie Stock?
AbbVie (NYSE:ABBV) Given New $146.00 Price Target at UBS Group
See More Headlines
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ABBV Company Calendar

Ex-Dividend for 5/16 Dividend
4/13/2022
Dividend Payable
5/16/2022
Ex-Dividend for 8/15 Dividend
7/14/2022
Last Earnings
7/29/2022
Today
8/08/2022
Dividend Payable
8/15/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Pharmaceutical preparations
Sub-Industry
Pharmaceuticals
Sector
Medical
CUSIP
00287Y10
Employees
50,000
Year Founded
2013

Price Target and Rating

Average Stock Price Forecast
$160.50
High Stock Price Forecast
$200.00
Low Stock Price Forecast
$135.00
Forecasted Upside/Downside
+16.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
16 Analysts

Profitability

Net Income
$11.54 billion
Pretax Margin
24.54%

Debt

Sales & Book Value

Annual Sales
$56.20 billion
Cash Flow
$17.67 per share
Book Value
$8.73 per share

Miscellaneous

Outstanding Shares
1,767,110,000
Free Float
1,766,683,000
Market Cap
$243.93 billion
Optionable
Optionable
Beta
0.70

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ABBV Stock - Frequently Asked Questions

Should I buy or sell AbbVie stock right now?

16 Wall Street 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 research analysts is that investors should "buy" AbbVie stock.
View analyst ratings for AbbVie
or view top-rated stocks.

What is AbbVie's stock price forecast for 2022?

16 analysts have issued 12-month price targets for AbbVie's stock. Their ABBV stock forecasts range from $135.00 to $200.00. On average, they predict AbbVie's stock price to reach $160.50 in the next year. This suggests a possible upside of 16.3% from the stock's current price.
View analysts' price targets for AbbVie
or view top-rated stocks among Wall Street analysts.

How has AbbVie's stock performed in 2022?

AbbVie's stock was trading at $135.40 on January 1st, 2022. Since then, ABBV shares have increased by 1.9% and is now trading at $138.04.
View the best growth stocks for 2022 here
.

When is AbbVie's next earnings date?

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

How were AbbVie's earnings last quarter?

AbbVie Inc. (NYSE:ABBV) released its quarterly earnings data on Friday, July, 29th. The company reported $3.51 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 analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $3.11 earnings per share.
Read AbbVie's conference call transcript
.

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

AbbVie declared a quarterly dividend on Thursday, June 23rd. Investors 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 annualized dividend and a yield of 4.09%. The ex-dividend date is Thursday, July 14th.
View AbbVie's dividend history
.

Is AbbVie a good dividend stock?

AbbVie(NYSE:ABBV) pays an annual dividend of $5.64 per share and currently has a dividend yield of 4.09%. ABBV has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 79.89%. 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 47.80% next year. This indicates that AbbVie will be able to sustain or increase its dividend.
View AbbVie's dividend history.

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

AbbVie issued an update on its third quarter 2022 earnings guidance on Monday, August, 8th. The company provided earnings per share (EPS) 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.

What is Richard A. Gonzalez's approval rating as AbbVie's CEO?

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.

What other stocks do shareholders of AbbVie own?

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 a number of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.30%), Envestnet Asset Management Inc. (0.19%), Truist Financial Corp (0.18%), abrdn plc (0.17%), DekaBank Deutsche Girozentrale (0.16%) and Thornburg Investment Management Inc. (0.15%). 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
.

How do I buy shares of AbbVie?

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.
Compare Top Brokerages Here.

What is AbbVie's stock price today?

One share of ABBV stock can currently be purchased for approximately $138.04.

How much money does AbbVie make?

AbbVie (NYSE:ABBV) has a market capitalization of $243.93 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.

How many employees does AbbVie have?

AbbVie employs 50,000 workers across the globe.

Does AbbVie have any subsidiaries?

The following companies are subsidiares of AbbVie: AbbVie (Gibraltar) Holdings Limited, AbbVie (Gibraltar) Holdings Limited Luxembourg S.C.S., AbbVie (Gibraltar) Limited, AbbVie (Pty) Ltd., AbbVie A/S, AbbVie AB, AbbVie AG, AbbVie AS, AbbVie Australasia Holdings Limited, AbbVie B.V., AbbVie Bahamas Ltd., AbbVie Biofarmacevtska družba d.o.o., AbbVie Biopharmaceuticals GmbH, AbbVie Biopharmaceuticals LLC, AbbVie Biopharmaceuticals Ltd., AbbVie Bioresearch Center Inc., AbbVie Biotech Ventures Inc., AbbVie Biotechnology GmbH, AbbVie Biotechnology Ltd, AbbVie Biotherapeutics Inc., AbbVie Biotherapeutics Limited, AbbVie Central Finance B.V., AbbVie Corp, AbbVie Corporation, AbbVie Deutschland GmbH & Co. KG, AbbVie EOOD, AbbVie Endocrine Inc., AbbVie Endocrinology Inc., AbbVie Farmacéuticos S.A. de C.V., AbbVie Farmacêutica Ltda., AbbVie Finance B.V., AbbVie Finance Corporation, AbbVie Finance LLC, AbbVie GK, AbbVie GmbH, AbbVie Holdings Corporation, AbbVie Holdings Inc., AbbVie Holdings KK, AbbVie Holdings SAS, AbbVie Holdings Unlimited, AbbVie Holdings s.r.o., AbbVie International S.à r.l., AbbVie Investments Limited, AbbVie Investments S.à r.l., AbbVie Ireland Holdings Limited, AbbVie Ireland NL B.V., AbbVie Ireland Unlimited Company, AbbVie Japan Holdings B.V., AbbVie Kft., AbbVie Komplementär GmbH, AbbVie L.L.C., AbbVie L.da, AbbVie Limited, AbbVie Limited Liability Company, AbbVie Logistics B.V., AbbVie Ltd, AbbVie Ltd., AbbVie Manufacturing Management Limited, AbbVie Nederland Holdings B.V., AbbVie Operations Singapore Pte. Ltd., AbbVie Overseas S.à r.l., AbbVie Oy, AbbVie Participações Ltda., AbbVie Pharmaceutical Trading (Shanghai) Co. Ltd., AbbVie Pharmaceuticals B.V., AbbVie Pharmaceuticals GmbH, AbbVie Pharmaceuticals LLC, AbbVie Pharmaceuticals SCA., AbbVie Pharmaceuticals Societe Anonyme, AbbVie Polska Sp. z o.o., AbbVie Productos Farmacéuticos Limitada, AbbVie Products LLC, AbbVie Promoção L.da, AbbVie Pte. Ltd., AbbVie Pty Ltd, AbbVie Purchasing LLC, AbbVie Real Estate Management GmbH, AbbVie Research B.V., AbbVie Resources Inc., AbbVie Resources International Inc., AbbVie Respiratory LLC, AbbVie S. de R.L., AbbVie S.A., AbbVie S.A., AbbVie S.A.S., AbbVie S.R.L., AbbVie S.r.l., AbbVie S.à r.l., AbbVie SA, AbbVie SAS, AbbVie SIA, AbbVie Sarl, AbbVie Sdn. Bhd., AbbVie Sp. z o.o., AbbVie Spain S.L., AbbVie Stemcentrx LLC, AbbVie Trading S.R.L., AbbVie Trustee Company Limited, AbbVie Tıbbi İlaçlar Sanayi ve Ticaret Limited Şirketi, AbbVie UAB, AbbVie UK Biopharmaceuticals Ltd, AbbVie UK Holdco Limited, AbbVie UK Ltd, AbbVie US Holdings LLC, AbbVie US LLC, AbbVie Venezuela B.V., AbbVie Venezuela Holdings B.V., AbbVie Ventures LLC, AbbVie d.o.o., AbbVie s.r.o., Aeropharm Technology LLC, Allergan, BioDisplay Technologies Inc., Fournier Laboratories Ireland Ltd., Fremont Holding L.L.C., Fundación AbbVie, IEP Pharmaceutical Devices LLC, ImmuVen, KOS Pharmaceuticals Inc., Knoll LLC, Knoll Pharmaceutical Company, Life Properties Inc., Mavupharma, Organics L.L.C., Pharmacyclics (Europe) Limited, Pharmacyclics (Shanghai) Management Consulting Services Limited, Pharmacyclics Cayman Ltd., Pharmacyclics Inc, Pharmacyclics LLC, Pharmacyclics Switzerland GmbH, Rowell Laboratories Inc., S.C. AbbVie S.R.L., Sapphire Merger Sub Inc., Stem CentRx, Stemcentrx Cayman Ltd., Suffolk Merger Sub Inc., and Unimed Pharmaceuticals LLC.
Read More

When was AbbVie founded?

AbbVie was founded in 2013.

How can I contact AbbVie?

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.

This page (NYSE:ABBV) was last updated on 8/8/2022 by MarketBeat.com Staff

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