AbbVie (ABBV) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last year. There are currently 8 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ABBV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABBV, but not buy additional shares or sell existing shares.
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15 analysts have issued 1-year target prices for AbbVie's stock. Their ABBV share price forecasts range from $140.00 to $195.00. On average, they anticipate the company's share price to reach $165.07 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price.
View analysts price targets for ABBV or view top-rated stocks among Wall Street analysts.

AbbVie's stock was trading at $161.61 on January 1st, 2023. Since then, ABBV shares have decreased by 5.8% and is now trading at $152.18.
View the best growth stocks for 2023 here.

AbbVie saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 11,440,000 shares, an increase of 20.3% from the July 15th total of 9,510,000 shares. Based on an average daily trading volume, of 5,830,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.7% of the company's stock are short sold.
View AbbVie's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our ABBV earnings forecast.

AbbVie Inc. (NYSE:ABBV) released its earnings results on Thursday, April, 27th. The company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.02. The firm earned $12.23 billion during the quarter, compared to analyst estimates of $12.23 billion. AbbVie had a trailing twelve-month return on equity of 151.29% and a net margin of 15.50%. The company's quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.16 earnings per share.
Read the conference call transcript.

AbbVie announced a quarterly dividend on Thursday, June 22nd. Investors of record on Friday, July 14th will be given a dividend of $1.48 per share on Tuesday, August 15th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, July 13th.
Read our dividend analysis for ABBV.

ETFs with the largest weight of AbbVie (NYSE:ABBV) stock in their portfolio include First Trust Morningstar Dividend Leaders Index (FDL), First Trust Nasdaq Pharmaceuticals ETF (FTXH), Horizon Kinetics Medical ETF (MEDX), iShares Core High Dividend ETF (HDV), Invesco Dynamic Pharmaceuticals ETF (PJP), Simplify Health Care ETF (PINK), Health Care Select Sector SPDR Fund (XLV) and VanEck Pharmaceutical ETF (PPH).

AbbVie (NYSE:ABBV) pays an annual dividend of $5.92 per share and currently has a dividend yield of 3.89%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 121.81%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ABBV will have a dividend payout ratio of 53.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ABBV.

AbbVie issued an update on its third quarter 2023 earnings guidance on Friday, July, 28th. The company provided earnings per share guidance of $2.80-$2.90 for the period, compared to the consensus EPS estimate of $2.82. The company issued revenue guidance of $13.70 billion-$13.70 billion, compared to the consensus revenue estimate of $13.35 billion.

580 employees have rated AbbVie Chief Executive Officer Richard A. Gonzalez on Glassdoor.com. Richard A. Gonzalez has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other AbbVie investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), Vermilion Energy (VET), AT&T (T), Bristol-Myers Squibb (BMY), Rogers Communications (RCI) and Open Text (OTEX).

AbbVie trades on the New York Stock Exchange (NYSE) under the ticker symbol "ABBV."

AbbVie's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.88%), Capital International Investors (2.44%), Geode Capital Management LLC (1.98%), Capital Research Global Investors (1.84%), Bank Julius Baer & Co. Ltd Zurich (1.59%) and Charles Schwab Investment Management Inc. (1.29%). Insiders that own company stock include Azita Saleki-Gerhardt, Brian L Durkin, Carrie C Strom, Carrie C Strom, Elaine K Sorg, Henry O Gosebruch, Jeffrey Ryan Stewart, Laura J Schumacher, Michael Severino, Perry C Siatis, Richard A Gonzalez, Robert A Michael, Roxanne S Austin, Scott T Reents and Timothy J Richmond.
View institutional ownership trends.

Shares of ABBV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ABBV stock can currently be purchased for approximately $152.18.

AbbVie (NYSE:ABBV) has a market capitalization of $268.61 billion and generates $58.05 billion in revenue each year. The company earns $11.84 billion in net income (profit) each year or $4.86 on an earnings per share basis.

The company employs 50,000 workers across the globe.

AbbVie's mailing address is 1 NORTH WAUKEGAN ROAD, NORTH CHICAGO IL, 60064. The official website for the company is www.abbvie.com. The company can be reached via phone at (847) 932-7900 or via fax at 302-655-5049.