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NYSE:ABBVAbbVie Stock Price, Forecast & News

$92.67
+0.29 (+0.31 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$92.13
Now: $92.67
$93.29
50-Day Range
$92.38
MA: $96.98
$100.83
52-Week Range
$62.55
Now: $92.67
$101.28
Volume7.21 million shs
Average Volume10.50 million shs
Market Capitalization$163.55 billion
P/E Ratio19.72
Dividend Yield5.09%
Beta0.83
AbbVie Inc. discovers, develops, manufactures, and sells pharmaceutical products in the United States, Japan, Germany, Canada, Italy, Spain, 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; 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 KALETRA, an anti-human immunodeficiency virus (HIV)-1 medicine used with other anti-HIV-1 medications to maintain viral suppression in HIV-1 patients; NORVIR, a protease inhibitor indicated in combination with other antiretroviral agents to treat HIV-1; and SYNAGIS to prevent respiratory syncytial virus infection at-risk infants. In addition, the company offers AndroGel, a testosterone replacement therapy for males; CREON, a pancreatic enzyme therapy for exocrine pancreatic insufficiency; Synthroid to treat hypothyroidism; and Lupron to treat prostate cancer, endometriosis, and central precocious puberty, as well as anemia. Further, it provides Duopa and Duodopa, a levodopa-carbidopa intestinal gel to treat Parkinson's disease; Sevoflurane, an anesthesia product; and ORILISSA, a non-peptide small molecule gonadotropin-releasing hormone antagonist for women with moderate to severe endometriosis pain. It has collaborations with Alector, Inc.; Janssen Biotech, Inc.; Galapagos; Bristol-Myers Squibb Company; and Calico Life Sciences LLC. The company was incorporated in 2012 and is headquartered in North Chicago, Illinois.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.9Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.38 out of 5 stars


Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryPharmaceuticals
SectorMedical
CUSIP00287Y10
Phone847-932-7900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$33.27 billion
Cash Flow$10.37 per share
Book Value$8.35 per share

Profitability

Net Income$7.88 billion

Miscellaneous

Employees30,000
Outstanding Shares1,764,833,000
Market Cap$163.55 billion
Next Earnings Date11/6/2020 (Estimated)
OptionableOptionable
$92.67
+0.29 (+0.31 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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AbbVie (NYSE:ABBV) Frequently Asked Questions

How has AbbVie's stock price 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 (WHO). Since then, ABBV stock has increased by 9.2% and is now trading at $92.67.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of AbbVie?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last year. There are currently 3 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for AbbVie
.

When is AbbVie's next earnings date?

AbbVie is scheduled to release its next quarterly earnings announcement on Friday, November 6th 2020.
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, 31st. The company reported $2.34 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.14. The firm had revenue of $10.43 billion for the quarter, compared to analyst estimates of $10.14 billion. AbbVie had a negative return on equity of 628.57% and a net margin of 19.20%. AbbVie's revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.26 EPS.
View AbbVie's earnings history
.

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

AbbVie declared a quarterly dividend on Wednesday, June 17th. Investors of record on Wednesday, July 15th will be paid a dividend of $1.18 per share on Friday, August 14th. This represents a $4.72 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date is Tuesday, July 14th.
View AbbVie's dividend history
.

How will AbbVie's stock buyback program work?

AbbVie declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 13th 2018, which authorizes the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 3.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

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

AbbVie issued an update on its FY20 earnings guidance on Friday, July, 31st. The company provided earnings per share (EPS) guidance of $10.35-10.45 for the period, compared to the Thomson Reuters consensus estimate of $10.51.

What price target have analysts set for ABBV?

17 analysts have issued 12 month price targets for AbbVie's stock. Their forecasts range from $90.00 to $127.00. On average, they anticipate AbbVie's stock price to reach $107.00 in the next year. This suggests a possible upside of 15.5% from the stock's current price.
View analysts' price targets for AbbVie
.

Has AbbVie been receiving favorable news coverage?

News headlines about ABBV stock have trended extremely negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. AbbVie earned a daily sentiment score of -4.1 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days.
View the latest news about AbbVie
.

Are investors shorting AbbVie?

AbbVie saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 24,800,000 shares, a decline of 70.9% from the April 30th total of 85,240,000 shares. Based on an average daily trading volume, of 13,470,000 shares, the short-interest ratio is currently 1.8 days.
View AbbVie's Short Interest
.

Who are some of AbbVie's key competitors?

What other stocks do shareholders of AbbVie own?

Who are AbbVie's key executives?

AbbVie's management team includes the following people:
  • Mr. Richard A. Gonzalez, Chairman & CEO (Age 65)
  • Dr. Michael E. Severino, Vice Chairman & Pres (Age 53)
  • Mr. Robert A. Michael, Sr. VP & CFO (Age 49)
  • Mr. William J. Chase, Exec. VP of Fin. & Admin. (Age 51)
  • Ms. Laura J. Schumacher, Vice Chairman of External Affairs, Chief Legal Officer & Corp. Sec. (Age 56)

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 variety of institutional and retail investors. Top institutional shareholders include Bank of New York Mellon Corp (1.21%), Sumitomo Mitsui Trust Holdings Inc. (0.55%), Swiss National Bank (0.47%), PNC Financial Services Group Inc. (0.30%), California Public Employees Retirement System (0.23%) and New York State Common Retirement Fund (0.23%). 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, Michael Severino, 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 LSV Asset Management, Toronto Dominion Bank, Russell Investments Group Ltd., Bank of Nova Scotia, Victory Capital Management Inc., American International Group Inc., ProShare Advisors LLC, and Hamlin Capital Management LLC. Company insiders that have sold AbbVie company stock in the last year include Carlos Alban, Jeffrey Ryan Stewart, and Timothy J Richmond.
View insider buying and selling activity for AbbVie
.

Which institutional investors are buying AbbVie stock?

ABBV stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Healthcare of Ontario Pension Plan Trust Fund, Sumitomo Mitsui Trust Holdings Inc., Swiss National Bank, Newport Trust Co, First Trust Advisors LP, California Public Employees Retirement System, and Los Angeles Capital Management & Equity Research Inc.. 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 $92.67.

How big of a company is AbbVie?

AbbVie has a market capitalization of $163.55 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 8/13/2020 by MarketBeat.com Staff

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