AbbVie - ABBV Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last year. There are currently 1 sell rating, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ABBV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABBV, but not buy additional shares or sell existing shares.
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14 brokers have issued 12 month target prices for AbbVie's stock. Their ABBV share price forecasts range from $135.00 to $200.00. On average, they predict the company's share price to reach $160.56 in the next year. This suggests a possible upside of 8.7% from the stock's current price.
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AbbVie's stock was trading at $161.61 at the start of the year. Since then, ABBV shares have decreased by 8.6% and is now trading at $147.75.
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AbbVie saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 11,960,000 shares, a decline of 7.5% from the December 31st total of 12,930,000 shares. Based on an average daily volume of 5,560,000 shares, the days-to-cover ratio is presently 2.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
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AbbVie will be holding an earnings conference call on Thursday, February 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

AbbVie Inc. (NYSE:ABBV) issued its quarterly earnings results on Thursday, October, 28th. The company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.11. The company had revenue of $14.34 billion for the quarter, compared to the consensus estimate of $14.30 billion. AbbVie had a net margin of 23.19% and a trailing twelve-month return on equity of 155.88%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.83 EPS.
Read the conference call transcript.

AbbVie declared a quarterly dividend on Friday, October 28th. Shareholders of record on Friday, January 13th will be paid a dividend of $1.48 per share on Wednesday, February 15th. This represents a $5.92 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Thursday, January 12th. This is a boost from the stock's previous quarterly dividend of $1.41.
Read our dividend analysis for ABBV.

AbbVie (NYSE:ABBV) pays an annual dividend of $5.92 per share and currently has a dividend yield of 4.05%. ABBV has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 79.04%. 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 50.82% 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 FY22 earnings guidance on Friday, January, 6th. The company provided earnings per share guidance of $13.70-13.74 for the period, compared to the consensus earnings per share estimate of $13.85.

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."

AbbVie's stock is owned by many different retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.30%), New York State Common Retirement Fund (0.19%), New York State Teachers Retirement System (0.12%), Fifth Third Bancorp (0.10%), Hamlin Capital Management LLC (0.05%) and Railway Pension Investments Ltd (0.05%). Insiders that own company stock include Brian L Durkin, Carlos Alban, Carrie C Strom, Carrie C Strom, Edward J Rapp, Elaine K Sorg, Henry O Gosebruch, Jeffrey Ryan Stewart, Laura J Schumacher, Michael Severino, Richard A Gonzalez, Robert A Michael, Roxanne S Austin, Timothy J Richmond and Timothy J Richmond.
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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 $147.75.

AbbVie (NYSE:ABBV) has a market capitalization of $261.29 billion and generates $56.20 billion in revenue each year. The company earns $11.54 billion in net income (profit) each year or $7.49 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.