The company's fundamentals are relatively very healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite a weak stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Abbott Laboratories is an American multinational health care and medical devices corporation headquartered in Abbott Park, Illinois. Founded in 1888 by Chicago physician Wallace Calvin Abbott, the company initially focused on formulating known drugs. Today, it offers medical devices, diagnostics, branded generic medications, and nutritional products. In 2013, Abbott separated its research-based pharmaceuticals division into AbbVie.
Abbott's product lineup includes Pedialyte, Similac, BinaxNOW, Ensure, Glucerna, ZonePerfect, FreeStyle Libre, i-STAT, and MitraClip.
The company's current financial score is 9.06, which is higher than the Healthcare Equipment & Supplies industry's average of 7.46. Its financial status is robust, and its operating efficiency is high. Its latest quarterly revenue reached 11.37B, representing a year-over-year increase of 6.90%, while its net profit experienced a year-over-year increase of 0.12%.
Key Metrics
The company’s current valuation score is 6.40, which is lower than the Healthcare Equipment & Supplies industry's average of 7.19. Its current P/E ratio is 15.52, which is 149.32% below the recent high of 38.70 and 7.08% above the recent low of 14.42.
The company’s current earnings forecast score is 7.87, which is higher than the Healthcare Equipment & Supplies industry's average of 7.74. The average price target for Abbott Laboratories is 145.00, with a high of 162.00 and a low of 122.15.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The company’s current price momentum score is 6.51, which is lower than the Healthcare Equipment & Supplies industry's average of 6.55. Sideways: Currently, the stock price is trading between the resistance level at 131.98 and the support level at 120.74, making it suitable for range-bound swing trading.
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The company’s current institutional recognition score is 7.00, which is higher than the Healthcare Equipment & Supplies industry's average of 6.43. The latest institutional shareholding proportion is 80.58%, representing a quarter-over-quarter decrease of 0.87%. The largest institutional shareholder is The Vanguard, holding a total of 172.03M shares, representing 9.88% of shares outstanding, with 2.11% increase in holdings.
The company’s current risk assessment score is 9.79, which is higher than the Healthcare Equipment & Supplies industry's average of 4.57. The company's beta value is 0.68. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets.
