The stock of Abbott Laboratories (NYSE:ABT) last traded at $114.63, up 1.12% from the previous session.
ABT stock price is now 1.83% away from the 50-day moving average and 4.07% away from the 200-day moving average. The market capitalization of the company currently stands at $199.44B.
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With the price target of $130, Oppenheimer recently initiated with Outperform rating for Abbott Laboratories (NYSE: ABT). On September 19, 2024, Piper Sandler recently initiated its ‘Overweight’ rating on the stock quoting a target price of $131, while ‘Edward Jones’ rates the stock as ‘Hold’
In other news, Ford Robert B, CHAIRMAN AND CEO sold 141,679 shares of the company’s stock on Sep 12 ’24. The stock was sold for $16,493,218 at an average price of $116.41. Upon completion of the transaction, the CHAIRMAN AND CEO now directly owns 220,059 shares in the company, valued at $25.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, Officer Robert B. Ford bought 141,679 shares of the business’s stock. A total of $16,492,852 was incurred on buying the stock at an average price of $116.41. A total of 0.66% 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 $207312470016, which is based on a 36.18 price-to-earnings ratio, a 4.39 price-to-earnings-growth ratio, and a beta of 0.72. The fifty day moving average price for ABT is $112.5716 and a two-hundred day moving average price translates $110.14655 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.
