Stocks of Abbott Laboratories (NYSE:ABT) traded higher last session on Wall Street, up 1.01% to $104.27.
ABT stock price is now -2.33% away from the 50-day moving average and -1.75% away from the 200-day moving average. The market capitalization of the company currently stands at $181.39B.
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With the price target of $121, Goldman recently initiated with Buy rating for Abbott Laboratories (NYSE: ABT). , while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Funck, Jr. Robert E., EXECUTIVE VICE PRESIDENT sold 10,097 shares of the company’s stock on May 10 ’24. The stock was sold for $1,055,819 at an average price of $104.57. Upon completion of the transaction, the EXECUTIVE VICE PRESIDENT now directly owns 211,341 shares in the company, valued at $22.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 07 ’24, EXECUTIVE VICE PRESIDENT Earnhardt Lisa D sold 22,852 shares of the business’s stock. A total of $2,428,119 was realized by selling the stock at an average price of $106.25. This leaves the insider owning 61,462 shares of the company worth $6.41 million. A total of 0.72% of the company’s stock is owned by insiders.
During the past 12 months, Abbott Laboratories has had a low of $89.67 and a high of $121.64. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 1.60, and a quick ratio of 1.11. According to the stock market information, the enterprise value for the company is $189678682112, which is based on a 32.48 price-to-earnings ratio, a 4.01 price-to-earnings-growth ratio, and a beta of 0.72. The fifty day moving average price for ABT is $106.6088 and a two-hundred day moving average price translates $106.1241 for the stock.
The latest earnings results from Abbott Laboratories (NYSE: ABT) was released for 2024-03-31. The net profit margin was 13.91% and return on equity was 14.80% for ABT. The company reported revenue of $9.96 billion for the quarter, compared to $9.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.23 percent.
