76.4% of retail CFD accounts lose money. AbbVie stock was originally listed at a price of $35.12 in Jan 2, 2013. account day-to-day movements in market value compared to a company’s liability structure. Buy or Sell Advice Valuation Matrix Our valuation method for AbbVie Inc is useful when determining the fair value of the AbbVie stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of AbbVie. ; AbbVie Inc has risen higher in 5 of those 8 years over the subsequent 52 week period, corresponding to a historical probability of 62 % ; Is AbbVie Inc Stock Undervalued? $107.02 +26.02% (1Y) $ 1W. AbbVie stock is both cheap and has an attractive dividend yield. Made In NYC | Related news Dow Jones Stocks To Buy And Watch In January 2021: Apple Triggers Sell Signal. Abbvie stock rose 1% a day after the announcement and is up almost 6% over the past week. AbbVie Inc. was recommended as a Top Pick by Gordon Reid on 2020-12-16. Out of 18 analysts, 12 (66.67%) are recommending ABBV as a Strong Buy, 1 (5.56%) are recommending ABBV as a Buy, 5 (27.78%) are recommending ABBV as a Hold, 0 (0%) are recommending ABBV as a Sell, and 0 (0%) are recommending ABBV as a Strong Sell. It's been a tough year for AbbVie (NYSE:ABBV) as the stock is closing 2019 not far from where it finished the year before. Is AbbVie Inc Stock Overpriced? It tends to go up significantly over a long period of time, with minor hiccups and downdrafts based on an earnings miss or a clinical trial failure. Max. Over the past nine months, Allergan's sales have struggled, generating almost no growth.To make matters worse, Allergan has struggled with profitability, as the company is coming off a Q3 performance in November in which it incurred an operating loss of $596.6 million. Zacks Rank: AbbVie carries a Zacks Rank #4 (Sell). ... Video. That rank is AbbVie currently has an average rating of "Buy" and an average price target of $112.50. To make matters worse, the company's Rinvoq drug, which was highly touted by AbbVie executives, received a disappointing review from the Institute for Clinical and Economic Review, which said the drug had only "marginal clinical benefit" compared to Humira. Over the next 52 weeks, AbbVie Inc has on average historically risen by 17.7 % based on the past 8 years of stock performance. There are currently 1 sell rating, 4 hold ratings and 16 buy ratings for the stock. Embed . But we must note that the investments were made at well below today's share price. By Fatma Khaled. View analyst ratings for AbbVie or view MarketBeat's top 5 stock picks. That rank is 21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last year. Despite the added overhead, Allergan's top line grew by just 3.6%. INVESTING. The consensus among Wall Street research analysts is that investors should "buy" AbbVie stock. View analyst ratings for AbbVie or view MarketBeat's top 5 stock picks. AbbVie (ABBV) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). Home; Stocks; AbbVie; Disable ads for free. AbbVie stock is both cheap and has an attractive dividend yield. AbbVie is currently trading at more than 40 times its earnings, but its forward price-to-earnings multiple, which factors in the company's future growth, and is expected by analysts to fall to just nine. Earnings reports or recent company news can cause the stock price to drop. However, given its poor performance in a year that's seen the Health Care Select SPDR Fund rise by 21% and the S&P 500 index produce returns of around 29%, AbbVie could be an underrated buy for 2020, especially given some exciting opportunities ahead. AbbVie: stocks, financial statements. 1Y. Plus500. AbbVie Inc. specializes in therapeutic drug research and development. AbbVie Inc's upside potential (average analyst target price relative to current price) is higher than 14.53% of Pharmaceutical Products stocks. Disclaimer | By Dan Weil. Stock performance over time; Can I short ABBV shares? Registration on or use of this site constitutes acceptance of our, U.S. markets open in 27 minutes 57 seconds, Jim Cramer's 9 Dividend Stock Picks For Fixed Income Investors, MRKR Soars As FDA Lifts Hold On MT-401, RYTM Sells Priority Review Voucher, MLND Dumps MLE-301, AbbVie (ABBV) Outpaces Stock Market Gains: What You Should Know, AbbVie Announces Positive Results From Phase 3 Studies In Adults With Active Psoriatic Arthritis, Capital Research & Management Co. (Global Investors), T. Rowe Price Associates, Inc. (Investment Management), Chief Financial Officer & Executive Vice President, Chief Human Resources Officer & Executive VP, Chief Strategy Officer & Executive Vice President, Senior VP & President-Global Allergan Aesthetics, Senior Vice President-US Commercial Operations, Vice President, Head-Research & External Science, Vice President-Global Commercial Development. The variance in analysts' estimates of ABBV is less than 81.6% of stocks in the large market cap category. ABBV updated stock price target summary. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Looking to buy or sell AbbVie Inc. (ABBV)? Nonetheless, these are important reminders as to why diversification and the deal with Allergan are vital to ensuring that AbbVie continues to grow and expand its sales mix. Over the past year the S&P 500 has gained 5.55% while ABBV has gained 32.02%. AbbVie stock is up 18% since the start of the year and it has gained around 62% from its March lows. The company's results this year have been weighed down by other expense items, including goodwill impairment. North Chicago, IL-based AbbVie has become one of the top-most pharma companies after it acquired Botox maker Allergan in a cash-and-stock deal for $63 billion in May 2020. AbbVie Inc (ABBV) stock is higher by 18.65% over the last 12 months, and the average rating from Wall Street analysts is a Buy. Election Stock Watchlist: AbbVie, Amazon, Uber, Lyft. The score provides a forward-looking, one-year measure of credit Invest in Abbvie stock and others with any dollar amount. AbbVie (ABBV) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). Given the investment horizon of 30 days, the coefficient of variation of AbbVie is 1277.07. Question marks about the future of its business have made investors wary of investing in the company. But with a PEG ratio of 2.7, there may not be enough long-term growth to convince investors that there's enough substance to justify an investment in the company today. Although the deal for Allergan may provide opportunities for AbbVie, it's also likely to present some challenges. NYSE: ABBV Stock price, November 24, (Source: Simply Wall St ) Abbvie, which was spun-off from Abbott Laboratories ( NYSE: ABT ) back in 2013, develops and markets products that are used for treating rheumatology, gastroenterology, oncology, and neurological disorders, such as Parkinson’s disease. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). The advice is provided from AbbVie's buy-and-hold perspective. Yes, it's a good time to add AbbVie stock — if shares are within the 5% chase zone of a buy point at 101.38. The good news is that AbbVie doesn't have all its eggs in one basket, as it still has Skyrizi, which could be a substitute for Humira, and it's an attractive alternative, as it needs to be injected fewer times. However, you can measure a AbbVie stock's historical response to market movements and buy it if you are comfortable with its volatility direction. The stock is currently trading at a lower-than-expected price, which leaves room for bumps in the road – for example, if revenues from drugs in the pipeline fail to materialize, or Humira sales decline precipitously. All rights reserved. Although no specific date has been given, the two companies expect the deal to close "early 2020" which is when AbbVie's financials will begin including Allergan's results. The stock is 30% off its 52-week high, perhaps creating an … The consensus among Wall Street analysts is that investors should "buy" AbbVie stock. 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