AbbVie Inc. (NYSE:ABBV) Analyst watchlist

Abbvie advances as it raises full year outlook

During the last trade, stock's minimum price has been reached out at $47.48 while the maximum trading price moved at $47.95. That suggests something of the likelihood of a short squeeze in shares of ABBV. The Weekly and Monthly Volatility of the stock are 2.41% percent and 3.63% percent, respectively.

How is AbbVie going to perform in the future? Moreover, Imbruvica has multibillion dollar potential and AbbVie is exploring the possibility of label expansion into solid tumors and autoimmune diseases. "This quarter we achieved a number of milestones, including promising data from several pivotal studies, regulatory approvals for MAVYRET and the USA regulatory submission and priority review designation for elagolix". AbbVie's shares have outperformed the industry this year so far. The downside can be attributable to intense pricing and competitive pressure in the HCV market.

Here are a few things to know about AbbVie Inc's recent earnings report.

The biopharmaceutical research company also says that it is expecting earnings per share for 2018 to come in between $6.37 and $6.57. Evercore ISI began coverage on shares of AbbVie in a report on Wednesday, August 16th.

The market capitalization of AbbVie Inc.is at $143.33 Billion. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Credit Suisse downgraded AbbVie Inc (NYSE:ABBV) on Monday, October 31 to "Neutral" rating. The company has a 50 day moving average price of $89.15 and a 200-day moving average price of $74.55. The stock carved out a 52-week low down at $55.06.

AbbVie (NYSE:ABBV) last released its earnings results on Friday, July 28th. Analysts are forecasting earnings of $1.38 on a per share basis this quarter. The firm had revenue of $6.94 billion during the quarter, compared to analyst estimates of $6.93 billion. AbbVie had a return on equity of 150.27% and a net margin of 24.77%.

AbbVie's acquisition of Stemcentrx previous year gave it access to Rova-T, an experimental treatment for small cell lung cancer.

In terms of the outlook for the 2017 full year, AbbVie sees EPS in the range of $5.53 to $5.55.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Week Herald and is owned by of Week Herald. If you are viewing this report on another domain, it was stolen and reposted in violation of USA & global trademark and copyright law. Tracon Pharmaceuticals Inc had 4 analyst reports since July 29, 2015 according to SRatingsIntel.

AbbVie announced an 11% hike in quarterly dividend to 71 cents per share from 64 cents per share. Investors of record on Friday, October 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, October 12th.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 11 have Buy rating, 1 Sell and 9 Hold.

Pain Therapeutics, Inc. (NASDAQ:PTIE) now has a PEG ratio of - where as its P/E ratio is -. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The stock was sold at an average price of $85.02, for a total transaction of $705,666.00. The company has experienced volume of 2,456,629 shares while on average the company has a capacity of trading 1.08M share. DORCHESTER WEALTH MANAGEMENT Co now owns 9,842 shares of the company's stock valued at $641,000 after buying an additional 242 shares in the last quarter. The disclosure for this sale can be found here. Geode Capital Management Llc sold 16,399 shares as the company's stock declined 3.98% while stock markets rallied. Investors mark this stock "active" as it exchanged hands with 23,552,954 shares contrast to its average daily volume of 30.05M shares.

A number of hedge funds have recently made changes to their positions in ABBV. AbbVie comprises 1.3% of Morse Asset Management Inc's portfolio, making the stock its 26th biggest position. Acadian Asset Management LLC now owns 4,642 shares of the company's stock valued at $302,000 after buying an additional 1,924 shares in the last quarter. Hudock Capital Group LLC increased its stake in shares of AbbVie by 109.5% during the 2nd quarter. BB&T Securities LLC now owns 1,379,549 shares of the company's stock worth $78,799,000 after buying an additional 436,945 shares during the last quarter.

Texas Permanent School Fund increased Spdr S&P Midcap 400 Etf Tr (MDY) stake by 1,600 shares to 3,600 valued at $1.14M in 2017Q2.

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