Understanding the Financial Health of Abbott Laboratories (NYSE:ABT)

13 October, 2017, 04:44 | Author: Regina Silva
  • Abbott’s Analyst Recommendations ahead of Its 3Q17 Results

The Texas Permanent School Fund holds 487,564 shares with $23.70 million value, down from 504,896 last quarter. Abbott Labs now has $93.27 billion valuation. Meanwhile, the average 12-month price target from Wall Street analysts is now 54.44, this means that the stock is underpriced by -1.763%. Dynex Capital Inc (NYSE:DX) has risen 4.18% since October 11, 2016 and is uptrending. It has underperformed by 0.80% the S&P500.

The company has mean EPS estimate of 0.56 reported by 9 number of analyst for the quarter ending Current Qtr.(Sep2017). About 8,447 shares traded. It has underperformed by 89.90% the S&P500.

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry. For ABT, the company now has $9.68 Billion of cash on the books, which is offset by $221 Million current liabilities. It has a 85.06 P/E ratio.

Since June 1, 2017, it had 0 buys, and 1 insider sale for $53,082 activity. The insider Beattie William G bought 4,000 shares worth $110,800.

Among 31 analysts covering Diamond Offshore Drilling Inc. The company was maintained on Tuesday, September 5 by Jefferies. Therefore 20% are positive. The original version of this piece can be viewed at https://www.truebluetribune.com/2017/10/12/abbott-laboratories-abt-stock-rating-upgraded-by-zacks-investment-research.html. The rating was maintained by Deutsche Bank on Tuesday, August 25 with "Hold". The company was reinitiated on Wednesday, June 21 by BTIG Research. The firm has "Sell" rating by Citigroup given on Friday, April 8. The firm earned "Accumulate" rating on Monday, March 14 by Seaport Global. Northland Capital has "Hold" rating and $60.0 target. On Thursday, October 29 the stock rating was maintained by Barclays Capital with "Overweight". The performance for the year to date shows a rate of 42.31%.

Investors sentiment decreased to 0.88 in Q2 2017. Its up 0.01, from 1.16 in 2017Q1. Winfield Associates Inc. increased its holdings in shares of Abbott Laboratories by 3.9% during the 2nd quarter. 39 funds opened positions while 78 raised stakes. It also reduced Canadian Natl Railway (NYSE:CNI) stake by 5,082 shares and now owns 262,393 shares. Essex Investment Management Co Llc, a Massachusetts-based fund reported 59,542 shares. Addison Capital reported 0.17% stake. It also upped Star Gas Partners LP (NYSE:SGU) stake by 232,490 shares and now owns 932,025 shares.

For the current quarter, 17 analysts are projecting a mean EPS of $0.65/share. Kbc Grp Nv holds 48,701 shares or 0% of its portfolio. Hbk Sorce Advisory Limited Liability Corp holds 159,613 shares. Hsbc Public Ltd Company has 32,159 shares for 0% of their portfolio. Bruce & Incorporated invested 2.56% in Abbott Laboratories (NYSE:ABT). The EPS growth for the past five (5) years shows a value of 0.00%, whilst the EPS value for the next five (5) years shows a figure of 11.29%. Inc. increased its holdings in shares of Abbott Laboratories by 17.7% during the 2nd quarter. Cs Mckee Lp reported 1.62% stake. Perhaps, that suggests something about why 71.46% of the outstanding share supply is held by institutional investors. Inc. now owns 2,463 shares of the healthcare product maker's stock valued at $120,000 after purchasing an additional 370 shares in the last quarter. Abbott Laboratories has $90 highest and $4 lowest target. ABT's profit would be $1.11B giving it 20.91 P/E if the $0.65 EPS is correct.

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Investors sentiment decreased to 1.4 in 2017 Q2. Its down 0.36, from 0.97 in 2017Q1.

Abbott Laboratories (NYSE:ABT) reported its EPS in the last quarter as $0.62/Share beating the analyst estimate of $0.61/Share by a difference of $0.01. 102 funds opened positions while 441 raised stakes. 3,703 are held by Baldwin Brothers Ma. Granite Invest Limited Com holds 51,783 shares or 0.17% of its portfolio. New York-based Interest Inc has invested 0.13% in Abbott Laboratories (NYSE:ABT).

Analysts expect Abbott Laboratories (NYSE:ABT) to report $0.65 EPS on October, 18.They anticipate $0.06 EPS change or 10.17 % from last quarter's $0.59 EPS. Locust Wood Capital Advisers Llc sold 225,615 shares as Abbott Labs (ABT)'s stock declined 3.42%. Atria Invs Ltd Llc stated it has 57,917 shares or 0.17% of all its holdings. Hightower Ltd Co owns 10,248 shares. Gabelli & Co Investment Advisers Inc. owns 95,814 shares or 0.09% of their USA portfolio. Stewart Patten Com Lc accumulated 306,771 shares.

Abbott Laboratories (NYSE:ABT) touched its 1-Year High price of $55.43 on 10/10/17 and its 1-Year Low price of $37.38 on 12/01/16.

Abbott Laboratories (ABT) traded up 0.314% during midday trading on Thursday, hitting $54.345. The ROA for Abbott Laboratories tells us exactly what earnings were generated from the invested capital. Geode Cap Lc reported 211,540 shares stake. Clovis Oncology Inc (NASDAQ:CLVS) was raised too.

Since June 15, 2017, it had 0 insider purchases, and 1 sale for $26,482 activity. Royal Bank Of Canada reissued a "buy" rating and set a $55.00 price objective on shares of Abbott Laboratories in a report on Tuesday, October 3rd. Therefore 58% are positive. Abbott Laboratories's quarterly revenue was up 24.5% compared to the same quarter previous year. BMO Capital Markets maintained it with "Hold" rating and $5300 target in Thursday, July 20 report. 0 analysts gave its stock an Outperform rating.

Among 8 analysts covering OpenText Corporation (NASDAQ:OTEX), 7 have Buy rating, 0 Sell and 1 Hold. Stifel Nicolaus has "Buy" rating and $58.0 target. The firm has "Buy" rating given on Friday, September 22 by Cowen & Co. The firm earned "Market Perform" rating on Friday, January 13 by JMP Securities.

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