Economy

Abbott Laboratories (ABT) Analysts See $0.73 EPS

The D L Carlson Investment Group Inc holds 30,196 shares with $1.61 million value, down from 57,046 last quarter. Abbott Labs now has $101.90 billion valuation. Leading up to this report, we have seen a -0.31% fall in the stock price over the last 30 days and a 3.61% increase over the past 3 months. About 4.00M shares traded.

Abbott Laboratories (ABT) shares dropped -0.68 percent and closed the day at $57.07. It has underperformed by 0.80% the S&P500.

Banque Pictet & Cie Sa increased Citigroup Inc (NYSE:C) stake by 15,281 shares to 395,052 valued at $28.74 million in 2017Q3. Everett Harris & Company acquired 22,210 shares as Accenture Ltd. (ACN)'s stock declined 0.21%. The Hugh Johnson Advisors Llc holds 67,598 shares with $3.61 million value, up from 61,369 last quarter. Berkshire Hills Bancorp Inc now has $1.65B valuation. The stock decreased 1.50% or $1.39 during the last trading session, reaching $91.55. The stock trades on a P/S of 3.98, which suggests that the shares are attractive compared with peers. Caterpillar Inc. (NYSE:CAT) has risen 47.53% since January 2, 2017 and is uptrending. It has underperformed by 10.78% the S&P500.

Investors sentiment decreased to 1.14 in Q3 2017. Its up 0.01, from 1.03 in 2017Q2. It is negative, as 39 investors sold EXEL shares while 64 reduced holdings. Capital Intl Investors owns 2.02M shares for 0.13% of their portfolio.

The market experts are predicting a 19.15% rally, based on the high target price ($68) for Abbott Laboratories shares that is likely to be hit in the 52 weeks. The institutional investor held 103,660 shares of the capital goods company at the end of 2017Q3, valued at $12.93 million, up from 97,101 at the end of the previous reported quarter. Alesco Advisors Ltd Co owns 4,599 shares or 0.02% of their U.S. portfolio. Eagle Asset Mgmt Inc holds 1.64 million shares. 71,678 are owned by Liberty Mutual Gru Asset Management Inc. Raymond James And Associate reported 137,657 shares. RBC Capital Markets maintained the shares of ABT in report on Wednesday, March 1 with "Outperform" rating. Virginia Retirement Systems Et Al reported 272,300 shares. The New York-based Mendon Capital Advisors Corp has invested 0.02% in the stock. Greylin Mangement holds 0.57% or 46,681 shares in its portfolio.

Since August 1, 2017, it had 0 insider buys, and 6 selling transactions for $22.86 million activity. Therefore 56% are positive. FMC Tech had 85 analyst reports since July 23, 2015 according to SRatingsIntel. Jefferies maintained the shares of ABT in report on Tuesday, June 14 with "Buy" rating. BTIG Research reinitiated Abbott Laboratories (NYSE:ABT) on Wednesday, June 21 with "Buy" rating. The company was maintained on Tuesday, September 13 by Jefferies. Jefferies maintained Ramco-Gershenson Properties Trust (NYSE:RPT) on Wednesday, December 13 with "Hold" rating. The stock of Abbott Laboratories (NYSE:ABT) earned "Buy" rating by Cowen & Co on Tuesday, August 15. (NYSE:LOW) has "Neutral" rating given on Thursday, October 6 by Cleveland. For the Current month, 3 analysts have assigned this stock as Buy where 5 assigned Outperform, 9 analysts believe it's a Hold, 0 said Underperform and only 0 assigned Sell rating. Therefore 54% are positive. Abbott Laboratories had 88 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Thursday, July 20 by Stifel Nicolaus. 110,309 are held by Culbertson A N Co. The company was maintained on Friday, October 9 by RBC Capital Markets. Also, insider Daniel Gesua Sive Salvadori sold 28,319 shares of the business's stock in a transaction that occurred on Thursday, December 14th. Jefferies has "Hold" rating and $3800 target. The firm has "Neutral" rating by Piper Jaffray given on Wednesday, November 16. Cowen & Co maintained it with "Buy" rating and $55.0 target in Tuesday, August 15 report. As per Monday, July 10, the company rating was maintained by BMO Capital Markets. The firm has "Buy" rating given on Friday, July 21 by Argus Research. Its down 0.01, from 0.88 in 2017Q2.

A number of other hedge funds have also recently added to or reduced their stakes in ABT. Private Advisor Gp Limited Liability Corporation has 160,491 shares. $98,323 worth of stock was sold by Bracken Sharon J on Tuesday, August 1. 1St Source Bank accumulated 0.23% or 50,827 shares. Moreover, Cypress Capital Mngmt Ltd Liability Corporation has 2.66% invested in Abbott Laboratories (NYSE:ABT). Following the transaction, the chairman now owns 3,677,913 shares in the company, valued at approximately $200,115,246.33. The Ontario - Canada-based 1832 Asset Mgmt Ltd Partnership has invested 0% in Abbott Laboratories (NYSE:ABT). Mercer Advisers invested in 0.01% or 349 shares. Aviva Public Limited Co reported 0.04% stake. Nikko Asset Americas accumulated 2,600 shares or 0.01% of the stock. Kopp Invest Advsrs Limited Liability Com has invested 0.19% in Abbott Laboratories (NYSE:ABT). Dodge Cox reported 27,332 shares or 0% of all its holdings.

Hm Payson & Company increased Home Depot Inc (NYSE:HD) stake by 67,309 shares to 143,617 valued at $23.49M in 2017Q3. Inc. now owns 2,463 shares of the healthcare product maker's stock worth $120,000 after acquiring an additional 370 shares in the last quarter. Abbott Labs (NYSE:ABT) was raised too.

Abbott Laboratories (ABT) opened at $58.95 on Tuesday. During the same quarter in the previous year, the company posted $0.59 EPS. analysts expect that Abbott Laboratories will post 2.5 earnings per share for the current fiscal year. LMT's profit will be $1.17 billion for 19.60 P/E if the $4.06 EPS becomes a reality. The healthcare product maker reported $0.66 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.65 by $0.01.



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