Economy

AbbVie Inc. (ABBV) Earns Buy Rating from Goldman Sachs Group Inc

ABBV's profit will be $2.18B for 15.96 P/E if the $1.37 EPS becomes a reality. The stock decreased 1.04% or $0.91 during the last trading session, reaching $86.57. A D Beadell Counsel invested in 2.14% or 36,395 shares. About shares traded. AbbVie Inc (NYSE:ABBV) has risen 10.63% since September 26, 2016 and is uptrending. It has underperformed by 6.07% the S&P500.

Gyroscope Capital Management Group Llc increased Cardinal Health Inc (CAH) stake by 11% reported in 2017Q2 SEC filing. Ny State Teachers Retirement accumulated 473,551 shares. The Great West Life Assurance Company holds 207,146 shares with $19.44M value, down from 214,374 last quarter. AbbVie Inc. The company has a 50-day moving average price of $75.76 and a 200 day moving average price of $69.87. The stock declined 0.56% or $0.23 reaching $40.77 on the news. WOOF's SI was 1.28M shares in September as released by FINRA. It has underperformed by 7.39% the S&P500.

Among 20 analysts covering Abbvie Inc (NYSE:ABBV), 8 have Buy rating, 1 Sell and 11 Hold. After $1.42 actual earnings per share reported by AbbVie Inc for the previous quarter, Wall Street now forecasts -3.52% negative EPS growth. Abbvie Inc had 51 analyst reports since July 21, 2015 according to SRatingsIntel. Leerink Swann restated a "market perform" rating on shares of AbbVie in a research report on Thursday, June 22nd. Indiana Trust & Investment Management Co bought 52,926 shares as the company's stock rose 9.29% with the market. On Tuesday, October 20 the stock rating was maintained by Barclays Capital with "Overweight". Abner Herrman & Brock LLC now owns 6,293 shares of the company's stock worth $456,000 after purchasing an additional 18 shares in the last quarter. The stock of AbbVie Inc (NYSE:ABBV) has "Buy" rating given on Friday, September 15 by Piper Jaffray. The firm has "Hold" rating given on Thursday, July 20 by Credit Suisse. The stock now has an average rating of "Buy" and an average price target of $83.02. Finally, Jefferies Group LLC reiterated a "buy" rating and set a $94.00 price target on shares of AbbVie in a report on Friday, September 8th.

Since May 4, 2017, it had 0 buys, and 5 insider sales for $18.84 million activity. Roundview Capital Llc sold 22,265 shares as the company's stock rose 6.17% with the market. The value of the investment in (ABBV) went from $624,000 to $1,223,000,000 a change of $1,222,376,000 quarter to quarter.

In Healthcare sector, shares of AbbVie Inc. $4.67M worth of stock was sold by GONZALEZ RICHARD A on Friday, May 19. It also reduced Priceline Group Inc/The (NASDAQ:PCLN) stake by 7,935 shares and now owns 90,636 shares. Anadarko Petroleum Corp (Prn) (Put) (NYSE:APC) was reduced too. Its up 0.01, from 0.99 in 2017Q1.

The most recent non open market insider trade was completed by SCHUMACHER LAURA J on 09/11/2017, and was a disposition of 2,093 shares with a final price of $0. Accern also gave news stories about the company an impact score of 46.1705593832728 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. New Vernon Investment Management Llc owns 28,320 shares or 3.55% of their USA portfolio. Moreover, Edgewood Ltd Liability Corp has 0.03% invested in AbbVie Inc (NYSE:ABBV). First Amer Financial Bank accumulated 1.07% or 186,247 shares. Mutual Of America Ltd Liability, New York-based fund reported 252,177 shares. Pictet Asset Management Limited owns 27,400 shares. Fayerweather Charles invested in 0.79% or 8,091 shares. Roundview Cap Limited Co holds 8,311 shares or 0.18% of its portfolio. First Midwest Bancshares Trust Division holds 150,954 shares.

Headlines about AbbVie (NYSE:ABBV) have trended somewhat positive recently, according to Accern Sentiment. ROGERS ALEXANDER H had sold 470 shares worth $26,922 on Tuesday, May 30. Berkshire Asset Limited Liability Company Pa owns 301,236 shares or 2.49% of their United States portfolio. Cincinnati reported 341,800 shares stake. Kbc Group Nv stated it has 64,373 shares or 0.05% of all its holdings. Cornerstone Capital Limited Company has 0.02% invested in Ball Corporation (NYSE:BLL). 585.36 million shares or 303.31% more from 145.14 million shares in 2017Q1 were reported. 62 funds opened positions while 202 raised stakes. State Of Alaska Department Of Revenue reported 81,938 shares or 0.52% of all its holdings. Ing Groep Nv holds 138,503 shares or 0.19% of its portfolio. Alps invested in 0% or 4,754 shares. As of the end of the quarter Cantab Capital Partners Llp had acquired a total of 7,295 shares growing its holdings by 76.2%. 2,722 are owned by Edgestream Prns L P. 335 are owned by M&R Capital Mgmt Inc. Virginia-based Davenport Com Ltd Liability Com has invested 0% in AbbVie Inc (NYSE:ABBV). Waters Parkerson Com Lc accumulated 3,929 shares. Salient Trust Lta accumulated 4,600 shares. Kimelman & Baird Limited Liability invested 0.31% of its portfolio in AbbVie Inc (NYSE:ABBV). Lowe Brockenbrough & Com reported 24,758 shares. The insider, SALEKI-GERHARDT AZITA, now holds 84,799 shares of ABBV. Swiss Bancorporation holds 1.15M shares. BMO Capital Markets maintained AbbVie Inc (NYSE:ABBV) rating on Wednesday, June 7. Therefore 43% are positive.

13 analysts on average are expecting the company to report revenue of $6.96 Billion for the current quarter. The firm has "Buy" rating given on Friday, August 18 by Jefferies. As per Friday, April 1, the company rating was initiated by CL King. As per Tuesday, December 1, the company rating was downgraded by Barclays Capital. The stock has "Neutral" rating by UBS on Monday, September 25. The stock of VCA Inc (NASDAQ:WOOF) has "Outperform" rating given on Thursday, January 21 by William Blair. The rating was downgraded by Benchmark on Friday, February 10 to "Hold".



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