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 an average 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 7.76, which is higher than the Healthcare Equipment & Supplies industry's average of 7.15. Its financial status is robust, and its operating efficiency is average. Its latest quarterly revenue reached 10.36B, representing a year-over-year increase of 3.95%, while its net profit experienced a year-over-year increase of 8.16%.
The company’s current valuation score is 4.80, which is higher than the Healthcare Equipment & Supplies industry's average of 2.15. Its current P/E ratio is 16.36, which is 109.09% below the recent high of 34.21 and -47.35% above the recent low of 24.11.
The company’s current earnings forecast score is 7.87, which is higher than the Healthcare Equipment & Supplies industry's average of 7.66. The average price target for Abbott Laboratories is 142.56, with a high of 159.00 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 8.89, which is higher than the Healthcare Equipment & Supplies industry's average of 7.47. Sideways: Currently, the stock price is trading between the resistance level at 135.62 and the support level at 126.38, making it suitable for range-bound swing trading.
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The company’s current institutional recognition score is 7.00, which is lower than the Healthcare Equipment & Supplies industry's average of 7.19. The latest institutional shareholding proportion is 81.28%, representing a quarter-over-quarter decrease of 0.16%. 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 beta value is 0.69. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets.