Abbott Laboratories' (ABT) "Buy" Rating Reaffirmed at Jefferies Group LLC

Stifel Nicolaus maintained Abbott Laboratories (NYSE:ABT) on Thursday, July 20 with "Buy" rating. On average, analysts forecast that Abbott Laboratories will post $2.21 EPS for the current year.

Since June 15, 2017, it had 0 insider buys, and 1 insider sale for $26,482 activity.

ABT has been the topic of a number of analyst reports. Carret Asset Management Llc acquired 9,750 shares as Abbott Laboratories (ABT)'s stock declined 3.42%. Stifel Nicolaus maintained it with "Buy" rating and $63.0 target in Thursday, October 19 report. The rating was downgraded by BMO Capital Markets to "Market Perform" on Tuesday, March 14.

On October 19 Barclays held the stock rating at "Overweight" but raised the price target from $60.00 to $64.00. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. The stock of Abbott Laboratories (NYSE:ABT) has "Buy" rating given on Tuesday, June 21 by Edward Jones. The original version of this piece can be read at https://www.dispatchtribunal.com/2017/10/20/abbott-laboratories-abt-receives-neutral-rating-from-citigroup-inc.html. If you are reading this article on another website, it was illegally copied and republished in violation of global trademark and copyright laws. Moreover, Cim Invest Mangement has 0.4% invested in Abbott Laboratories (NYSE:ABT) for 23,261 shares. Finally, Cowen and Company reissued an outperform rating and issued a $55.00 price target (up previously from $48.00) on shares of Abbott Laboratories in a report on Friday, July 14th. The stock appeared $56.60 above its 52-week highs and is up 2.36% for the last five trades. The firm has a market capitalization of $97.85 billion, a PE ratio of 78.88 and a beta of 1.06.

It is now trading at $56.18 which is slightly above $53.11, the 50 day moving average and which is quite a bit above the 200 day moving average of $48.43.

Abbott Laboratories (NYSE:ABT) last posted its earnings results on Wednesday, October 18th. The healthcare product maker reported $0.66 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.65 by $0.01. The firm had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.72 billion. Abbott Laboratories had a return on equity of 14.50% and a net margin of 8.37%.

Smith Chas P & Associates Pa Cpas decreased Abbott Laboratories (ABT) stake by 19.52% reported in 2017Q2 SEC filing.

Large investors have recently made changes to their positions in the business. However, the volume average of the last three months is 7.73 million shares. Winfield Associates Inc. boosted its holdings in Abbott Laboratories by 3.9% in the second quarter. About 1.12 million shares traded or 18.84% up from the average. Finally, CGOV Asset Management purchased a new position in Abbott Laboratories during the third quarter worth $7,994,000.

Looking into last 5 trades, the stock observed a return of nearly 2.36%. Banque Pictet Cie invested 0.5% of its portfolio in Abbott Laboratories (NYSE:ABT). LLC's holdings in Abbott Laboratories were worth $264,000 at the end of the most recent quarter. Whittier Trust Co. now owns 401,048 shares of the healthcare product maker's stock worth $17,807,000 after purchasing an additional 6,751 shares in the last quarter. Institutional investors and hedge funds own 71.45% of the company's stock. The lowest price the stock reached in the last trading day was $55.41 and compares with the $37.38 52-week low. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel Gesua Sive Salvadori sold 62,460 shares of the stock in a transaction on Tuesday, September 26th.

Looking forward to the ratio analysis, the co has price to earnings ratio of 86.02, which is indicating if firm is fluctuating between 15 and 25 than it lies on average position; but sometimes if it's under this value some experts consider it as undervalue security. The disclosure for this purchase can be found here. Klingenstein Fields & Ltd Liability invested in 0.07% or 35,706 shares.

Additionally the company declared a dividend to be paid on Wednesday the 15th of November 2017. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.88%. For comparison's sake, analysts expect the S&P 500 to grow earnings by an average of 12% in 2017. Folger Nolan Fleming Douglas Cap Mgmt Inc reported 0.75% of its portfolio in Abbott Laboratories (NYSE:ABT).

The Firm operates through the hemodialysis market segment, which involves the manufacture, sale and distribution of hemodialysis products to hemodialysis clinics, including pharmaceutical, dialysis concentrates, dialysis kits and other ancillary products used in the dialysis process.

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