AbbVie (NYSE:ABBV) received a $84.00 price target from BMO Capital Markets in a report issued on Wednesday. The firm currently has a “hold” rating on the stock. BMO Capital Markets’ target price suggests a potential downside of 14.22% from the stock’s current price.

Several other brokerages have also issued reports on ABBV. Zacks Investment Research lowered AbbVie from a “buy” rating to a “hold” rating in a report on Friday, October 20th. ValuEngine lowered AbbVie from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub upgraded AbbVie from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 11th. Leerink Swann set a $106.00 price objective on AbbVie and gave the stock a “buy” rating in a report on Tuesday, December 5th. Finally, Societe Generale increased their price objective on AbbVie in a report on Tuesday, November 21st. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. AbbVie presently has a consensus rating of “Buy” and an average price target of $97.96.

AbbVie (NYSE ABBV) traded down $0.27 on Wednesday, hitting $97.92. The stock had a trading volume of 2,817,600 shares, compared to its average volume of 6,089,547. The stock has a market capitalization of $156,753.45, a price-to-earnings ratio of 18.49, a P/E/G ratio of 1.37 and a beta of 1.52. AbbVie has a one year low of $59.27 and a one year high of $99.10. The company has a debt-to-equity ratio of 5.08, a current ratio of 1.45 and a quick ratio of 1.32.

AbbVie (NYSE:ABBV) last released its earnings results on Friday, October 27th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.02. The company had revenue of $7 billion during the quarter, compared to analyst estimates of $7 billion. AbbVie had a return on equity of 153.80% and a net margin of 24.38%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 earnings per share. equities analysts expect that AbbVie will post 5.55 earnings per share for the current year.

In other AbbVie news, VP Robert A. Michael sold 6,699 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $88.00, for a total transaction of $589,512.00. Following the transaction, the vice president now directly owns 10,007 shares of the company’s stock, valued at $880,616. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Timothy J. Richmond sold 87,040 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $98.45, for a total transaction of $8,569,088.00. Following the transaction, the senior vice president now directly owns 113,118 shares in the company, valued at $11,136,467.10. The disclosure for this sale can be found here. Insiders have sold 501,375 shares of company stock worth $47,827,450 over the last three months. Company insiders own 0.23% of the company’s stock.

A number of institutional investors have recently bought and sold shares of ABBV. Savant Capital LLC grew its position in shares of AbbVie by 1.3% in the second quarter. Savant Capital LLC now owns 61,132 shares of the company’s stock valued at $4,433,000 after purchasing an additional 793 shares during the last quarter. Princeton Capital Management Inc. acquired a new stake in shares of AbbVie in the second quarter valued at about $1,394,000. Accident Compensation Corp grew its position in shares of AbbVie by 24.7% in the first quarter. Accident Compensation Corp now owns 66,200 shares of the company’s stock valued at $4,314,000 after purchasing an additional 13,100 shares during the last quarter. Investec Asset Management LTD lifted its stake in shares of AbbVie by 3.6% in the first quarter. Investec Asset Management LTD now owns 166,978 shares of the company’s stock valued at $10,880,000 after buying an additional 5,801 shares during the period. Finally, Palisade Asset Management LLC lifted its stake in shares of AbbVie by 17.9% in the second quarter. Palisade Asset Management LLC now owns 68,311 shares of the company’s stock valued at $4,953,000 after buying an additional 10,381 shares during the period. 69.18% of the stock is currently owned by hedge funds and other institutional investors.

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About AbbVie

AbbVie Inc (AbbVie) is a research-based biopharmaceutical company. The Company is engaged in the discovery, development, manufacture and sale of a range of pharmaceutical products. Its products are focused on treating conditions, such as chronic autoimmune diseases in rheumatology, gastroenterology and dermatology; oncology, including blood cancers; virology, including hepatitis C virus (HCV) and human immunodeficiency virus (HIV); neurological disorders, such as Parkinson’s disease and multiple sclerosis; metabolic diseases, including thyroid disease and complications associated with cystic fibrosis, and other serious health conditions.

Analyst Recommendations for AbbVie (NYSE:ABBV)

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