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In the latest session, Abbott Laboratories (NYSE: ABT) closed at $113.34 down -1.28% from its previous closing price of $114.81. In other words, the price has decreased by -$1.28 from its previous closing price. On the day, 5.03 million shares were traded. ABT stock price reached its highest trading level at $114.41 during the session, while it also had its lowest trading level at $113.18.
Ratios:
For a deeper understanding of Abbott Laboratories’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.88. For the most recent quarter (mrq), Quick Ratio is recorded 1.18 and its Current Ratio is at 1.68. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.33.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Piper Sandler on September 19, 2024, initiated with a Overweight rating and assigned the stock a target price of $131.
On May 30, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $121.Goldman initiated its Buy rating on May 30, 2024, with a $121 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 12 ’24 when Ford Robert B sold 141,679 shares for $116.41 per share. The transaction valued at 16,493,218 led to the insider holds 220,059 shares of the business.
Robert B. Ford bought 141,679 shares of ABT for $16,492,852 on Sep 12 ’24. On Sep 04 ’24, another insider, MCCOY JOHN A. JR., who serves as the VICE PRESIDENT of the company, sold 27 shares for $114.83 each. As a result, the insider received 3,100 and left with 18,681 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ABT now has a Market Capitalization of 197200265216 and an Enterprise Value of 205068009472. As of this moment, Abbott’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.77, and their Forward P/E ratio for the next fiscal year is 22.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.84 while its Price-to-Book (P/B) ratio in mrq is 5.02. Its current Enterprise Value per Revenue stands at 5.035 whereas that against EBITDA is 19.399.
Stock Price History:
Over the past 52 weeks, ABT has reached a high of $121.64, while it has fallen to a 52-week low of $89.67. The 50-Day Moving Average of the stock is 2.54%, while the 200-Day Moving Average is calculated to be 3.24%.
Shares Statistics:
For the past three months, ABT has traded an average of 6.06M shares per day and 5542730 over the past ten days. A total of 1.73B shares are outstanding, with a floating share count of 1.73B. Insiders hold about 0.72% of the company’s shares, while institutions hold 77.07% stake in the company. Shares short for ABT as of 1724976000 were 12752770 with a Short Ratio of 2.11, compared to 1722384000 on 13633848. Therefore, it implies a Short% of Shares Outstanding of 12752770 and a Short% of Float of 0.74.
Dividends & Splits
According to the company, the forward annual dividend rate for ABT is 2.16, from 2.16 in the trailing year. Against a Trailing Annual Dividend Yield of 0.018813694The stock’s 5-year Average Dividend Yield is 1.63.
