Abbott Laboratories (NYSE:ABT) shares traded -0.44% lower at $116.60 on Wall Street last session.
ABT stock price is now 7.73% away from the 50-day moving average and 6.74% away from the 200-day moving average. The market capitalization of the company currently stands at $202.87B.
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On May 30, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $121, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, MCCOY JOHN A. JR., VICE PRESIDENT sold 27 shares of the company’s stock on Sep 04 ’24. The stock was sold for $3,100 at an average price of $114.83. Upon completion of the transaction, the VICE PRESIDENT now directly owns 18,681 shares in the company, valued at $2.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 04 ’24, Officer Funck, Jr. Robert E. bought 30,000 shares of the business’s stock. A total of $3,450,000 was incurred on buying the stock at an average price of $115.00. 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 1.68, and a quick ratio of 1.18. According to the stock market information, the enterprise value for the company is $210740068352, which is based on a 36.80 price-to-earnings ratio, a 4.49 price-to-earnings-growth ratio, and a beta of 0.71. The fifty day moving average price for ABT is $108.4992 and a two-hundred day moving average price translates $109.305 for the stock.
The latest earnings results from Abbott Laboratories (NYSE: ABT) was released for 2024-06-30. The net profit margin was 13.59% and return on equity was 14.47% for ABT. The company reported revenue of $10.38 billion for the quarter, compared to $9.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.0 percent.
