March 19, 2018

Abbott Laboratories (ABT) Receives Consensus Rating of "Buy" from Analysts

12 October 2017, 04:39 | Hattie Nash

Abbott Laboratories (ABT) Receives Consensus Rating of "Buy" from Analysts

Inside Abbott’s 3Q17 Revenue Expectations Hit or Miss

Anchor Capital Advisors Llc sold 182,837 shares as Abbott Labs (ABT)'s stock declined 3.42%. The Locust Wood Capital Advisers Llc holds 715,044 shares with $34.76 million value, down from 940,659 last quarter. The stock has a market cap of $94.59 billion, a PE ratio of 76.25 and a beta of 1.06. The stock decreased 1.73% or $0.96 during the last trading session, reaching $54.44. The shares were sold at an average price of $52.95, for a total transaction of $3,307,257.00.

Abbott Laboratories (ABT) opened at 54.44 on Thursday. It has underperformed by 0.80% the S&P500. 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. NOC's profit would be $513.66 million giving it 25.19 P/E if the $2.93 EPS is correct. It is down 89.43% since October 11, 2016 and is uptrending. It has outperformed by 1.69% the S&P500.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.75, from 1.63 in 2017Q1.

CPI Inflation at 3.28% in September; August IIP rises 4.3%
Meanwhile, the July IIP number was revised to 0.94 per cent from 1.2 per cent provisional estimates released last month. On a monthly basis, consumer prices edged up 0.1 percent from August, when it dropped by 0.2 percent.

In other news, insider Sharon J. Bracken sold 2,000 shares of Abbott Laboratories stock in a transaction on Tuesday, August 1st. Cap City Trust Fl holds 0.13% or 6,712 shares in its portfolio. Analysts are forecasting earnings of $0.65 on a per share basis this quarter. 60,385 are owned by Cheviot Value Mgmt Lc. 23,157 are owned by Ifc Fl. Wealthfront holds 0.03% or 46,055 shares in its portfolio. Following the transaction, the insider now directly owns 28,806 shares of the company's stock, valued at approximately $1,416,102.96. Douglass Winthrop Advsr Ltd Liability Company has 41,891 shares. Canandaigua Bancorp And Trust Company reported 36,501 shares or 0.36% of all its holdings. Flossbach Von Storch Ag reported 1.08 million shares or 0.75% of all its holdings. Colorado-based Shine Inv Advisory Serv has invested 0.04% in Abbott Laboratories (NYSE:ABT). Washington Retail Bank has invested 0.1% in Abbott Laboratories (NYSE:ABT).

Abbott Laboratories (NYSE:ABT) has been given an average recommendation of "Buy" by the eighteen analysts that are covering the stock, MarketBeat Ratings reports.

Since June 15, 2017, it had 0 insider buys, and 1 sale for $26,482 activity. $26,482 worth of Abbott Laboratories (NYSE:ABT) was sold by Watkin Jared on Thursday, June 15. An ROI of 6.70% for Abbott Laboratories evaluates and compares the efficiency of the various numbers of investments relative to the cost of investments. During the same quarter in the previous year, the firm earned $0.55 earnings per share. Its down 8.73% from 17.71 million shares, reported previously. The Company's objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation. Argus Research downgraded the shares of CAKE in report on Tuesday, June 20 to "Hold" rating. Berkshire Hathaway "A" (BRKA) was raised too.

Tickets for 'Star Wars: Secrets of the Empire' VR experience now available
You'll grab your blaster, solve puzzles, and fight giant lava monsters in an effort to fulfill the rebellion's orders. You and your squad must navigate an enemy facility disguised as Stormtroopers, with Rogue One's K-2SO at your side.

Investors wait Abbott Laboratories (NYSE:ABT) to report on October, 18. its quarterly earnings Wall Street analysts expect $0.65 EPS, up $0.06 or 10.17 % from last year's $0.59 same quarter earnings. According to their predictions high & low revenue estimates are 6.78 Billion and 6.67 Billion respectively. Jefferies maintained the stock with "Buy" rating in Tuesday, March 15 report. Private Ocean Ltd Liability Company has invested 0.04% in Abbott Laboratories (NYSE:ABT). Stifel Nicolaus has "Buy" rating and $58.0 target.

More notable recent Abbott Laboratories (NYSE:ABT) news were published by: which released: "Breakfast Technical Briefing on Medical Equipment Stocks - Abbott ..." on October 10, 2017, also with their article: "Buy Abbott Laboratories - Cramer's Lightning Round (9/15/17)" published on September 18, 2017, published: "Abbott Laboratories (ABT) Raised to Buy from a Hold" on October 10, 2017. Maxim Group maintained it with "Buy" rating and $59 target in Thursday, October 27 report. As per Monday, April 17, the company rating was maintained by Cowen & Co. On Tuesday, March 14 the stock rating was downgraded by BMO Capital Markets to "Market Perform". The stock of Abbott Laboratories (NYSE:ABT) has "Equal-Weight" rating given on Monday, January 4 by Morgan Stanley.

Since May 3, 2017, it had 0 insider buys, and 4 sales for $16.90 million activity. 4,756 shares were sold by Conti Anthony James, worth $287,358. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. Therefore 100% are positive. Abbott Laboratories had 78 analyst reports since July 24, 2015 according to SRatingsIntel. The company was reinitiated on Wednesday, June 21 by BTIG Research. As per Saturday, August 29, the company rating was maintained by Deutsche Bank. The stock has "Hold" rating by Cowen & Co on Wednesday, July 26. The firm has "Outperform" rating given on Friday, October 9 by RBC Capital Markets. The rating was maintained by Jefferies on Monday, July 24 with "Hold".

Revenue Estimates Analysis Of Precision Drilling Corporation (PDS)
For shareholders, given the total diluted outstanding shares of 293.24 million, this means overall earnings per share of -0.12. Analysts are also projecting an Average Revenue Estimate for Precision Drilling Corporation as $263570 in the Current Quarter.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. Northland Capital maintained the stock with "Corporate" rating in Friday, January 29 report. The firm earned "Buy" rating on Sunday, October 8 by RBC Capital Markets. The rating was maintained by Northland Capital on Friday, August 12 with "Corporate".

Other News

Trending Now

Taika Waititi wants to adapt Akira with all-Asian cast
I would do an adaptation of the books", he said. " And, yeah, so anyway there's been some chats [about him directing it ]". This actually makes the most sense, despite the fact that the anime is probably more well known internationally.

Mr. Robot season 3, episode 1 live stream
But after an intense verbal confrontation, Tyrell shot Elliot before calling Angela, who appeared to be in on the whole plot. After being paranoid all season long, it was revealed that Tyrell was actually alive the whole time.

Amazon Offers Students Prime for $5.49 a Month
Teens can also be assigned pre-set spending limits per order as an alternative to having orders reviewed. Teens will be given access to their parents' Prime benefits at no cost.

Southwest Airlines Announces Intention To Serve Hawaii
Travelers have wanted Southwest to offer flights to Hawaii for years, and Kelly said it's one of the top questions from employees. In addition, Southwest said it is considering nonstop flights to neighbor islands.

Trump meets top military advisors to discuss North Korea options
During an address to the United Nations General Assembly in September, Mr Trump declared that the U.S. would " totally destroy North Korea" if forced to defend itself or its allies.

Russian Foreign Ministry on Flags Removal: US Destroys Relations With Russia
Russia is considering reduce US diplomatic presence in Moscow according to reports from the Russian Foreign Ministry on Wednesday. The Russian embassy in Washington was not immediately available for comment.

Apple Teams Up With LG Display For Foldable iPhone
It could also be because Apple is cautious about what they share with Samsung , according to Korean news site The Investor . However, it's been suggested that Tim Cook and co do not want to develop too close a relationship with an arch rival.

Pakistan rescues North American family of five from 'terrorists'
Canadian Joshua Boyle and American Caitlan Coleman, who were kidnapped in Afghanistan in 2012. Joseph Dunford told Congress last week Pakistan would no longer be a sanctuary for terrorism.

$1.69 EPS Expected for JPMorgan Chase & Co. (JPM)
Capital International Sarl increased Coca (NYSE:KO) stake by 24,900 shares to 235,050 valued at $10.54 million in 2017Q2. Finally, Manning & Napier Advisors LLC boosted its stake in shares of J P Morgan Chase & Co by 19.3% in the 2nd quarter.

Tiger Shroff puts aside 'Rambo' for YRF's next with Hrithik Roshan
After her Bollywood debut, she went on to do a Tamil film and most recently starred in YRF's Befikre opposite Ranveer Singh. He also said that he was looking for a young and fresh face for this movie and then he found Vaani.