What Do Analysts Recommend for Abbott Laboratories in January?


Jan. 22 2019, Updated 2:05 p.m. ET

Stock price movements

On January 17, Abbott Laboratories (ABT) closed at $70.52. On January 17, Abbott Laboratories’ market capitalization was $123.41 billion. The company closed at a premium of 26.88% as compared to its 52-week low price of $55.58 and at a discount of 5.87% as compared to its 52-week high price of $74.92. The company is trading at a trailing PE ratio of 53.42x and a forward PE ratio of 22.04x.

Based on its closing price on January 17, the company reported returns of 2.08% in the last week, 1.10% in the last month, and -0.61% in the last quarter. Abbott Laboratories also reported returns of 8.91% in the last half year, 19.55% in the last year, and -2.50% YTD.

Similar to Johnson & Johnson (JNJ), Abbott Laboratories has underperformed the broader market, represented by the SPDR S&P 500 ETF in 2019 YTD. However, unlike Johnson & Johnson, the company managed to perform better than SPY for most of 2018.

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Based on its closing price on January 17, the broader healthcare market, represented by the Health Care Select Sector SPDR ETF (XLV), reported returns of 1.71% in the last week, 2.10% in the last month, and -4.20% in the last quarter. XLV also reported returns of 1.83% in the last half year, 1.06% in the last year, and 2.90% YTD. Abbott Laboratories has underperformed XLV in 2019 YTD but managed to significantly outperform the ETF in 2018.

Analysts’ recommendations and target price for Abbott Laboratories

The 12-month consensus analyst recommendation for Abbott Laboratories on January 18 is a “buy.” The 12-month consensus target price for the company is $79.47, which is 12.69% higher than its last closing price on January 17. The highest target price estimate for the company is $86, and the lowest target price estimate is $68.

Out of the 22 analysts covering Abbott Laboratories on January 17, eight analysts have rated the company as a “strong buy,” 11 analysts have rated the company as a “buy,” two analysts have rated the company as a “hold,” and only one analyst has rated the company as a “strong sell.”

In the next article, we’ll compare revenue trends of Johnson & Johnson and Abbott Laboratories.


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