Economy

AbbVie Stock Recommendation Reaffirmed by Evercore ISI

AbbVie Stock Recommendation Reaffirmed by Evercore ISI”

AbbVie Inc.'s PEG is 1.55. (NYSE:ABBV) by 12.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Kempen Capital Management N.V. acquired a new position in shares of AbbVie during the third quarter valued at approximately $19,889,000. Finding these stocks can make the difference between a winning or losing portfolio. Finally, Exane Asset Management bought a new position in shares of AbbVie in the second quarter valued at approximately $181,000.

AbbVie Inc.'s sales for the past 5 years rolls at 8.00%, exhibiting an EPS growth from quarter-to-quarter at 21.30%. Forte Capital LLC ADV now owns 15,511 shares of the company's stock worth $1,125,000 after purchasing an additional 1,860 shares during the last quarter.

Hedge funds have recently added to or reduced their stakes in the stock. The insider GONZALEZ RICHARD A sold 71,235 shares worth $4.67M. Following the completion of the transaction, the chairman now directly owns 342,353 shares in the company, valued at $24,313,910.06. The information was declared in a transaction filed with the securities and exchange commission, which is available at this link. Also, VP Robert A. Michael sold 6,699 shares of the firm's stock in a transaction on Thursday, September 28th. Following the sale, the senior vice president now directly owns 93,099 shares in the company, valued at approximately $7,915,276.98.

Analyzing the technical facts, AbbVie Inc. The lowest price the stock reached in the last trading day was $17.15 and compares with the $4.05 52-week low. 2,108,045 shares of the stock traded hands. The company has market cap of $143.69 billion.

Shares of Abbvie Inc (ABBV) have a 7-day moving average of 88.27. Salem Capital stated it has 0.5% of its portfolio in AbbVie Inc (NYSE:ABBV). AbbVie also was the recipient of some unusual options trading activity on Monday.

When selecting potential stocks to buy, many investors want to find out what Wall Street professionals are thinking about the company beforehand - like what the average analyst rating is. This represents an increase of 121% compared to the average daily volume of 126 put options.

Analysts await AbbVie Inc (NYSE:ABBV) to report earnings on October, 27. Clean Yield Group now owns 9,598 shares of the company's stock valued at $625,000 after buying an additional 1,920 shares in the last quarter. AbbVie had a return on equity of 150.27% and a net margin of 24.77%. The stock has advanced 63.27% to a low over the previous 12 months and showed declining move -1.15% to a high over the same period. The firm had revenue of $6.94 billion during the quarter, compared to analysts' expectations of $6.93 billion. They expect $1.37 earnings per share, up 13.22% or $0.16 from last year's $1.21 per share.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. The dividend will be $0.640 per share for the quarter or $2.56 annualized. The ex-dividend date of this dividend is Thursday, October 12th.

ABBV has been the topic of several analyst reports. Finally, Credit Suisse Group reiterated a "neutral" rating and issued a $94.00 target price (up previously from $74.00) on shares of AbbVie in a research note on Sunday. The stock of AbbVie Inc (NYSE:ABBV) has "Buy" rating given on Friday, August 18 by Jefferies. Vetr lowered shares of AbbVie from a "buy" rating to a "hold" rating and set a $72.72 price objective on the stock.in a report on Wednesday, June 14th.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 10 have Buy rating, 1 Sell and 10 Hold. Goldman Sachs Group, (The) reiterated a buy recommendation and fixed a $100.00 price objective (up prior from $85.00) on stocks of AbbVie in a study report published on Fri, Sep 8th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Many investors consider these recommendations very seriously, and often times whenever an analyst changes their outlook on a stock, the price change nearly immediately.

Over the a year ago, AbbVie Inc. Inr Advisory Service Lc has invested 0.01% of its portfolio in AbbVie Inc (NYSE:ABBV). "(ABBV)" was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & worldwide copyright & trademark law. The legal version of this story can be read at https://www.equitiesfocus.com/2017/10/05/abbvie-inc-abbv-shares-bought-by-franklin-street-advisors-inc-nc.html.



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