Stocks of Abbott Laboratories (NYSE:ABT) traded higher last session on Wall Street, down -0.61% to $115.03.
ABT stock price is now -0.40% away from the 50-day moving average and 3.90% away from the 200-day moving average. The market capitalization of the company currently stands at $199.51B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, Funck, Jr. Robert E., Officer bought 15,000 shares of the company’s stock on Nov 04 ’24. The stock was bought for $1,800,000 at an average price of $120.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 21 ’24, EXECUTIVE VICE PRESIDENT ALLEN HUBERT L sold 157,421 shares of the business’s stock. A total of $18,424,298 was realized by selling the stock at an average price of $117.04. This leaves the insider owning 184,806 shares of the company worth $21.26 million. 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 $96.20 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 1.14. According to the stock market information, the enterprise value for the company is $207004467200, which is based on a 34.98 price-to-earnings ratio, a 4.04 price-to-earnings-growth ratio, and a beta of 0.72. The fifty day moving average price for ABT is $115.493 and a two-hundred day moving average price translates $110.71625 for the stock.
The latest earnings results from Abbott Laboratories (NYSE: ABT) was released for 2024-09-30. The net profit margin was 13.94% and return on equity was 14.87% for ABT. The company reported revenue of $10.63 billion for the quarter, compared to $10.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.85 percent.
