Should I buy or sell AbbVie stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last year. There are currently 9 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ABBV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABBV, but not buy additional shares or sell existing shares. View ABBV analyst ratings or view top-rated stocks .

What is AbbVie's stock price target for 2024?

17 equities research analysts have issued 1 year price targets for AbbVie's stock. Their ABBV share price targets range from $150.00 to $196.00. On average, they expect the company's stock price to reach $167.59 in the next year. This suggests a possible upside of 8.1% from the stock's current price. View analysts price targets for ABBV or view top-rated stocks among Wall Street analysts .

How have ABBV shares performed in 2023?

AbbVie's stock was trading at $161.61 at the beginning of the year. Since then, ABBV shares have decreased by 4.1% and is now trading at $154.97. View the best growth stocks for 2023 here .

Are investors shorting AbbVie?

AbbVie saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 13,690,000 shares, an increase of 23.0% from the November 30th total of 11,130,000 shares. Based on an average daily trading volume, of 5,280,000 shares, the short-interest ratio is presently 2.6 days. Currently, 0.8% of the company's shares are sold short. View AbbVie's Short Interest .

When is AbbVie's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024. View our ABBV earnings forecast .

How were AbbVie's earnings last quarter?

AbbVie Inc. (NYSE:ABBV) issued its quarterly earnings data on Friday, October, 27th. The company reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.86 by $0.09. The firm earned $13.93 billion during the quarter, compared to the consensus estimate of $13.72 billion. AbbVie had a net margin of 11.81% and a trailing twelve-month return on equity of 152.70%. The company's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.66 earnings per share. Read the conference call transcript .

How often does AbbVie pay dividends? What is the dividend yield for AbbVie?

AbbVie announced a quarterly dividend on Friday, October 27th. Investors of record on Tuesday, January 16th will be given a dividend of $1.55 per share on Thursday, February 15th. This represents a $6.20 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Friday, January 12th. This is an increase from the stock's previous quarterly dividend of $1.48. Read our dividend analysis for ABBV .

Is AbbVie a good dividend stock?

AbbVie (NYSE:ABBV) pays an annual dividend of $5.92 per share and currently has a dividend yield of 3.82%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 162.19%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ABBV will have a dividend payout ratio of 52.81% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ABBV .

What ETFs hold AbbVie's stock?

ETFs with the largest weight of AbbVie (NYSE:ABBV) stock in their portfolio include First Trust Morningstar Dividend Leaders Index (FDL) , First Trust Nasdaq Pharmaceuticals ETF (FTXH) , Horizon Kinetics Medical ETF (MEDX) , iShares Core High Dividend ETF (HDV) , Invesco Pharmaceuticals ETF (PJP) , Simplify Health Care ETF (PINK) , Health Care Select Sector SPDR Fund (XLV) and VanEck Pharmaceutical ETF (PPH) .

What guidance has AbbVie issued on next quarter's earnings?

AbbVie updated its FY24 earnings guidance on Friday, October, 27th. The company provided EPS guidance of $10.70-11.00 for the period, compared to the consensus estimate of $11.11.

What is Richard A. Gonzalez's approval rating as AbbVie's CEO?

580 employees have rated AbbVie Chief Executive Officer Richard A. Gonzalez on Glassdoor.com . Richard A. Gonzalez has an approval rating of 88% among the company's employees.

What other stocks do shareholders of AbbVie own?

Based on aggregate information from My MarketBeat watchlists, some companies that other AbbVie investors own include Intact Financial (IFC) , Constellation Software (CSU) , AutoCanada (ACQ) , Alimentation Couche-Tard (ATD.B) , Vermilion Energy (VET) , AT&T (T) , Bristol-Myers Squibb (BMY) , Rogers Communications (RCI) and Open Text (OTEX) .

How do I buy shares of AbbVie?

Shares of ABBV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does AbbVie have any subsidiaries?

The following companies are subsidiares of AbbVie: AbbVie (Gibraltar) Holdings Limited, AbbVie (Gibraltar) Holdings Limited Luxembourg S.C.S., AbbVie (Gibraltar) Limited, AbbVie (Pty) Ltd., AbbVie A/S, AbbVie AB, AbbVie AG, AbbVie AS, AbbVie Australasia Holdings Limited, AbbVie B.V., AbbVie Bahamas Ltd., AbbVie Biofarmacevtska družba d.o.o., AbbVie Biopharmaceuticals GmbH, AbbVie Biopharmaceuticals LLC, AbbVie Biopharmaceuticals Ltd., AbbVie Bioresearch Center Inc., AbbVie Biotech Ventures Inc., AbbVie Biotechnology GmbH, AbbVie Biotechnology Ltd, AbbVie Biotherapeutics Inc., AbbVie Biotherapeutics Limited, AbbVie Central Finance B.V., AbbVie Corp, AbbVie Corporation, AbbVie Deutschland GmbH & Co. KG, AbbVie EOOD, AbbVie Endocrine Inc., AbbVie Endocrinology Inc., AbbVie Farmacéuticos S.A. de C.V., AbbVie Farmacêutica Ltda., AbbVie Finance B.V., AbbVie Finance Corporation, AbbVie Finance LLC, AbbVie GK, AbbVie GmbH, AbbVie Holdings Corporation, AbbVie Holdings Inc., AbbVie Holdings KK, AbbVie Holdings SAS, AbbVie Holdings Unlimited, AbbVie Holdings s.r.o., AbbVie International S.à r.l., AbbVie Investments Limited, AbbVie Investments S.à r.l., AbbVie Ireland Holdings Limited, AbbVie Ireland NL B.V., AbbVie Ireland Unlimited Company, AbbVie Japan Holdings B.V., AbbVie Kft., AbbVie Komplementär GmbH, AbbVie L.L.C., AbbVie L.da, AbbVie Limited, AbbVie Limited Liability Company, AbbVie Logistics B.V., AbbVie Ltd, AbbVie Ltd., AbbVie Manufacturing Management Limited, AbbVie Nederland Holdings B.V., AbbVie Operations Singapore Pte. Ltd., AbbVie Overseas S.à r.l., AbbVie Oy, AbbVie Participações Ltda., AbbVie Pharmaceutical Trading (Shanghai) Co. Ltd., AbbVie Pharmaceuticals B.V., AbbVie Pharmaceuticals GmbH, AbbVie Pharmaceuticals LLC, AbbVie Pharmaceuticals SCA., AbbVie Pharmaceuticals Societe Anonyme, AbbVie Polska Sp. z o.o., AbbVie Productos Farmacéuticos Limitada, AbbVie Products LLC, AbbVie Promoção L.da, AbbVie Pte. Ltd., AbbVie Pty Ltd, AbbVie Purchasing LLC, AbbVie Real Estate Management GmbH, AbbVie Research B.V., AbbVie Resources Inc., AbbVie Resources International Inc., AbbVie Respiratory LLC, AbbVie S. de R.L., AbbVie S.A., AbbVie S.A., AbbVie S.A.S., AbbVie S.R.L., AbbVie S.r.l., AbbVie S.à r.l., AbbVie SA, AbbVie SAS, AbbVie SIA, AbbVie Sarl, AbbVie Sdn. Bhd., AbbVie Sp. z o.o., AbbVie Spain S.L., AbbVie Stemcentrx LLC, AbbVie Trading S.R.L., AbbVie Trustee Company Limited, AbbVie Tıbbi İlaçlar Sanayi ve Ticaret Limited Şirketi, AbbVie UAB, AbbVie UK Biopharmaceuticals Ltd, AbbVie UK Holdco Limited, AbbVie UK Ltd, AbbVie US Holdings LLC, AbbVie US LLC, AbbVie Venezuela B.V., AbbVie Venezuela Holdings B.V., AbbVie Ventures LLC, AbbVie d.o.o., AbbVie s.r.o., Aeropharm Technology LLC, Allergan, BioDisplay Technologies Inc., Fournier Laboratories Ireland Ltd., Fremont Holding L.L.C., Fundación AbbVie, IEP Pharmaceutical Devices LLC, ImmuVen, KOS Pharmaceuticals Inc., Knoll LLC, Knoll Pharmaceutical Company, Life Properties Inc., Mavupharma, Organics L.L.C., Pharmacyclics (Europe) Limited, Pharmacyclics (Shanghai) Management Consulting Services Limited, Pharmacyclics Cayman Ltd., Pharmacyclics Inc, Pharmacyclics LLC, Pharmacyclics Switzerland GmbH, Rowell Laboratories Inc., S.C. AbbVie S.R.L., Sapphire Merger Sub Inc., Stem CentRx, Stemcentrx Cayman Ltd., Suffolk Merger Sub Inc., and Unimed Pharmaceuticals LLC. Read More

Followed 107 TimesTop Followed

NYSE:ABBV

AbbVie (ABBV) Stock Price, News & Analysis

$154.97

+0.22 (+0.14%)

(As of 12/29/2023 ET)

Compare

Today's Range: $154.41
▼
$155.21
50-Day Range: $137.61
▼
$155.00
52-Week Range: $130.96
▼
$168.11

Volume: 3.71 million shs
Average Volume: 5.32 million shs
Market Capitalization: $278.95 billion

P/E Ratio: 42.46
Dividend Yield: 3.82%
Price Target: $167.59

AbbVie MarketRank™ Stock Analysis

Analyst Rating: Hold
2.47 Rating Score
Upside/Downside: 8.1% Upside
$167.59 Price Target
Short Interest: Healthy
0.78% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.34
Upright™ Environmental Score
News Sentiment: 1.02
Based on 16 Articles This Week
Insider Trading: Selling Shares
$450,545 Sold Last Quarter
Proj. Earnings Growth: -0.27%
From $11.24 to $11.21 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.61 out of 5 stars

Medical Sector

101st out of 950 stocks

Pharmaceutical Preparations Industry

37th out of 442 stocks

2.2

Analyst's Opinion

Consensus Rating
AbbVie has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 8 buy ratings, 9 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $167.59, AbbVie has a forecasted upside of 8.1% from its current price of $154.97.
Amount of Analyst Coverage
AbbVie has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.78% of the float of AbbVie has been sold short.
Short Interest Ratio / Days to Cover
AbbVie has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in AbbVie has recently increased by 23.00%, indicating that investor sentiment is decreasing significantly.

4.2

Dividend Strength

Dividend Leadership
AbbVie is a leading dividend payer. It pays a dividend yield of 3.82%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
AbbVie has been increasing its dividend for 51 years.
Dividend Coverage
The dividend payout ratio of AbbVie is 162.19%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, AbbVie will have a dividend payout ratio of 52.81% next year. This indicates that AbbVie will be able to sustain or increase its dividend.

3.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
AbbVie has received a 52.25% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is mostly driven by its "Adalimumab", "Ibrutinib", and "Hepatitis medication" products. See details.
Environmental Sustainability
The Environmental Impact score for AbbVie is -2.34.

3.3

News and Social Media Coverage

News Sentiment
AbbVie has a news sentiment score of 1.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.84 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 16 news articles for AbbVie this week, compared to 17 articles on an average week.
Search Interest
177 people have searched for ABBV on MarketBeat in the last 30 days. This is an increase of 15% compared to the previous 30 days.
MarketBeat Follows
108 people have added AbbVie to their MarketBeat watchlist in the last 30 days. This is an increase of 48% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, AbbVie insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $450,545.00 in company stock.
Percentage Held by Insiders
Only 0.26% of the stock of AbbVie is held by insiders.
Percentage Held by Institutions
67.86% of the stock of AbbVie is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for AbbVie are expected to decrease by -0.27% in the coming year, from $11.24 to $11.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of AbbVie is 42.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of AbbVie is 42.46, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 81.66.
Price to Earnings Growth Ratio
AbbVie has a PEG Ratio of 2.76. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
AbbVie has a P/B Ratio of 15.85. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About AbbVie Stock (NYSE:ABBV)

AbbVie Inc. is a US-based biopharma company with global operations. The company originated as the bio-pharma segment of Abbott Laboratories and was spun off in late 2012. The company officially IPOd on January 2, 2013; contrary to criticisms, the move was solely to protect the parent company from expiring patents. Post-spin, AbbVie emerged as a research-based biopharma that has more than doubled in size. AbbVie, like its parent Abbot Laboratories, is a well-established dividend growth stock.

Over the years, AbbView Inc. has made numerous acquisitions. Among the more notable are ImmuVen, Pharamcyclics and Allergan plc. Allergan plc was an Ireland-based pharmaceutical company focused on health-oriented aesthetic products and is the owner of Botox. Botox accounts for the bulk of the company’s Aesthetics portfolio revenue and about 4% of the net as of 2022. The total revenue in 2021 was $56.20 billion with a 31% operating margin.

Today, AbbVie operates as a diversified multi-national pharmaceutical company with a patient-centric approach to research. It is in business to discover, develop, manufacture and market pharmaceuticals globally but in a way that best serves the needs of patients and the global community.

The company’s original winner, Humira, is still the number one revenue source but the portfolio has been greatly expanded. Other profitable therapies include but are not limited to SKYRIZI for psoriasis, RINVOQ for rheumatoid arthritis and IMBRUVICA and VENCLEXTA for chronic leukemia conditions.

The company is focused on research and has a number of collaborations and partnerships to that end. Among the many avenues of research and innovation are the advancement of precision medicine or pMedicine. PMeds are designed not only to target the specific causes of diseases, often at the genetic level, but the patients that are most likely to benefit from them. Assuming there are 2 highly effective drugs for 1 disease, PMedicine seeks to identify which patients respond better to each.

As of 2022, AbbVie employed more than 50,000 people globally with 21,000 in STEM-related positions. To date, the company had invested more than $50 billion into research through more than 250 partnerships. Partnerships are with universities, medical facilities, research organizations and other pharmaceutical companies. The company’s operations span 20 countries, treating more than 60 million people and 40 conditions annually.

AbbVie has 5 focus areas for its research and products. These are Immunology, Oncology, Neurology, Virology and Eye Care. The company has a robust pipeline of new products that are in some stage of clinical trials. In most cases, trials are underway for multiple indications, including some therapies that have already been approved for 1 or more conditions.

AbbVie is a leader in ESG and sustainability. The company is a member of the Fortune 100 and one of the Fortune 100’s “Best Companies To Work For”. It is a Top 50 Company regarding diversification and a member of the Dow Jones Sustainability World Index and the S&P ESG Index. Among its many positions is sustainable operations so it can deliver life-changing therapies to those who need them most.

ABBV Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ABBV Stock News Headlines

December 13, 2023 | marketbeat.com

How to pick the best dividend stocks (ABBV)

A stock’s dividend yield is a key metric for investors, so what is a good dividend yield? We’ll explore the answer in this article.

December 12, 2023 | marketbeat.com

AbbVie continues shopping spree with biotech buyout

While the diversifying AbbVie appears to be in a state of flux, there is one constant investors can depend on — the dividend.

December 31, 2023 | Behind the Markets (Ad)

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December 4, 2023 | marketbeat.com

Doing Your Holiday Shopping? These Stocks Might Make Great Gifts (ABBV)

No matter which holiday you're planning gifts for, Christmas, Hanukkah, or some other occasion, there may be one great gift idea you haven't thought of yet.

December 1, 2023 | marketbeat.com

These biotechs targeting multiple neurodegenerative diseases (ABBV)

A growing number of up-and-coming biotech firms are demonstrating the value of expanding a drug's total addressable market.

December 31, 2023 | ca.finance.yahoo.com

MPW Jan 2024 7.000 put

December 31, 2023 | americanbankingnews.com

AbbVie Inc. (NYSE:ABBV) EVP Sells $450,544.64 in Stock

December 29, 2023 | stocknews.com

Pfizer (PFE) 2024 Preview: What to Expect From the Pharma Stock?

December 31, 2023 | Behind the Markets (Ad)

New Year's Sale: Get 12 Months of Stock Picks for $9.00

December 29, 2023 | gurufocus.com

Insider Sell: EVP Nicholas Donoghoe Sells Shares of AbbVie Inc

December 28, 2023 | stocknews.com

3 Medical Marvel Stocks to Buy for Success

December 27, 2023 | finance.yahoo.com

AbbVie (ABBV) Laps the Stock Market: Here's Why

December 26, 2023 | finance.yahoo.com

Karuna (KRTX) Up 48% on $14B Buyout Offer From Bristol Myers

December 26, 2023 | fool.com

AbbVie's Recent ImmunoGen Acquisition Looks Brilliant: Here's Why

December 23, 2023 | seekingalpha.com

AbbVie Vs. GSK: Dual Dominance In Pharma

December 22, 2023 | msn.com

Abbvie extends option agreement with Aldeyra for dry eye candidate

December 22, 2023 | finance.yahoo.com

Bristol Myers (BMY) to Buy Karuna Therapeutics for $14B

December 21, 2023 | finance.yahoo.com

Alpine Immune Sciences Announces Amendment of Acazicolcept Option and License Agreement with AbbVie

December 21, 2023 | msn.com

Alpine amends acazicolcept deal with AbbVie, ends Phase 2 study early

December 21, 2023 | fool.com

Better Growth Stock: AbbVie vs. Abbott Laboratories

December 20, 2023 | stocknews.com

3 Pharma Powerhouses to Watch Closely

December 20, 2023 | msn.com

Investment Insights: Expert Analyst Opinions on AbbVie, Lowe’s, Salesforce, Zoom…

December 19, 2023 | finance.yahoo.com

Global Biologics Drug Discovery Market Analysis, 2023-2033: Dominated by AbbVie, Amgen, AstraZeneca, and Pfizer

December 18, 2023 | reuters.com

AbbVie lawsuit says rival Adcentrx stole anti-cancer secrets

December 18, 2023 | stocknews.com

Are These 3 Pharma Stocks Smart Buys for Bullish Investors?

December 18, 2023 | forbes.com

Sorry, Santa: AbbVie Shows ‘Naughty’ Can Be Profitably Nice (For Some)

December 18, 2023 | markets.businessinsider.com

8 Analysts Have This to Say About AbbVie

See More Headlines

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Company Calendar

Ex-Dividend for 11/15 Dividend: 10/12/2023
Last Earnings: 10/27/2023
Dividend Payable: 11/15/2023
Today: 12/31/2023
Fiscal Year End: 12/31/2023
Ex-Dividend for 2/15 Dividend: 1/12/2024
Next Earnings (Estimated): 2/08/2024
Dividend Payable: 2/15/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Pharmaceutical preparations
Sub-Industry: Pharmaceuticals
Sector: Medical
Current Symbol: NYSE:ABBV
CUSIP: 00287Y10
CIK: 1551152
Web: www.abbvie.com
Phone: (847) 932-7900
Fax: 302-655-5049
Employees: 50,000
Year Founded: 2013

Price Target and Rating

Average Stock Price Target: $167.59
High Stock Price Target: $196.00
Low Stock Price Target: $150.00
Potential Upside/Downside: +8.1%
Consensus Rating: Hold
Rating Score (0-4): 2.47
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.65
Trailing P/E Ratio: 42.46
Forward P/E Ratio: 13.79
P/E Growth: 2.76
Net Income: $11.84 billion
Net Margins: 11.81%
Pretax Margin: 14.51%
Return on Equity: 152.70%
Return on Assets: 15.59%

Debt

Debt-to-Equity Ratio: 4.59
Current Ratio: 0.96
Quick Ratio: 0.84

Sales & Book Value

Annual Sales: $58.05 billion
Price / Sales: 4.80
Cash Flow: $18.69 per share
Price / Cash Flow: 8.29
Book Value: $9.78 per share
Price / Book: 15.85

Miscellaneous

Outstanding Shares: 1,800,000,000
Free Float: 1,795,320,000
Market Cap: $278.95 billion
Optionable: Optionable
Beta: 0.48

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Key Executives

Mr. Richard A. Gonzalez (Age 69)
Chairman & CEO
Comp: $6.95M
Mr. Robert A. Michael (Age 53)
President & COO
Comp: $4M
Mr. Scott T. Reents (Age 55)
Executive VP & CFO
Comp: $2.97M
Dr. Azita Saleki-Gerhardt Ph.D. (Age 60)
Executive VP & COO
Comp: $2.58M
Mr. Jeffrey Ryan Stewart (Age 54)
Executive VP & Chief Commercial Officer
Comp: $2.98M
Dr. Thomas J. Hudson M.D. (Age 61)
Senior VP of Research & Development and Chief Scientific Officer
Ms. Elizabeth Shea
Senior Vice President of Investor Relations
Mr. Sanjay Narayan
VP, Chief Ethics & Compliance Officer
Ms. Tracie Haas
Senior Vice President of Corporate Responsibility, Brand & Communications
Mr. Timothy J. Richmond (Age 57)
Executive VP & Chief Human Resources Officer
Comp: $1.12M

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ABBV Stock Analysis - Frequently Asked Questions

Should I buy or sell AbbVie stock right now?: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last year. There are currently 9 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ABBV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABBV, but not buy additional shares or sell existing shares.
View ABBV analyst ratings or view top-rated stocks.
What is AbbVie's stock price target for 2024?: 17 equities research analysts have issued 1 year price targets for AbbVie's stock. Their ABBV share price targets range from $150.00 to $196.00. On average, they expect the company's stock price to reach $167.59 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for ABBV or view top-rated stocks among Wall Street analysts.
How have ABBV shares performed in 2023?: AbbVie's stock was trading at $161.61 at the beginning of the year. Since then, ABBV shares have decreased by 4.1% and is now trading at $154.97.
View the best growth stocks for 2023 here.
Are investors shorting AbbVie?: AbbVie saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 13,690,000 shares, an increase of 23.0% from the November 30th total of 11,130,000 shares. Based on an average daily trading volume, of 5,280,000 shares, the short-interest ratio is presently 2.6 days. Currently, 0.8% of the company's shares are sold short.
View AbbVie's Short Interest.
When is AbbVie's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our ABBV earnings forecast.
How were AbbVie's earnings last quarter?: AbbVie Inc. (NYSE:ABBV) issued its quarterly earnings data on Friday, October, 27th. The company reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.86 by $0.09. The firm earned $13.93 billion during the quarter, compared to the consensus estimate of $13.72 billion. AbbVie had a net margin of 11.81% and a trailing twelve-month return on equity of 152.70%. The company's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.66 earnings per share.
Read the conference call transcript.
How often does AbbVie pay dividends? What is the dividend yield for AbbVie?: AbbVie announced a quarterly dividend on Friday, October 27th. Investors of record on Tuesday, January 16th will be given a dividend of $1.55 per share on Thursday, February 15th. This represents a $6.20 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Friday, January 12th. This is an increase from the stock's previous quarterly dividend of $1.48.
Read our dividend analysis for ABBV.
Is AbbVie a good dividend stock?: AbbVie (NYSE:ABBV) pays an annual dividend of $5.92 per share and currently has a dividend yield of 3.82%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 162.19%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ABBV will have a dividend payout ratio of 52.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ABBV.

What ETFs hold AbbVie's stock?: ETFs with the largest weight of AbbVie (NYSE:ABBV) stock in their portfolio include First Trust Morningstar Dividend Leaders Index (FDL), First Trust Nasdaq Pharmaceuticals ETF (FTXH), Horizon Kinetics Medical ETF (MEDX), iShares Core High Dividend ETF (HDV), Invesco Pharmaceuticals ETF (PJP), Simplify Health Care ETF (PINK), Health Care Select Sector SPDR Fund (XLV) and VanEck Pharmaceutical ETF (PPH).
What guidance has AbbVie issued on next quarter's earnings?: AbbVie updated its FY24 earnings guidance on Friday, October, 27th. The company provided EPS guidance of $10.70-11.00 for the period, compared to the consensus estimate of $11.11.
What is Richard A. Gonzalez's approval rating as AbbVie's CEO?: 580 employees have rated AbbVie Chief Executive Officer Richard A. Gonzalez on Glassdoor.com. Richard A. Gonzalez has an approval rating of 88% among the company's employees.
What other stocks do shareholders of AbbVie own?: Based on aggregate information from My MarketBeat watchlists, some companies that other AbbVie investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), Vermilion Energy (VET), AT&T (T), Bristol-Myers Squibb (BMY), Rogers Communications (RCI) and Open Text (OTEX).
How do I buy shares of AbbVie?: Shares of ABBV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does AbbVie have any subsidiaries?: The following companies are subsidiares of AbbVie: AbbVie (Gibraltar) Holdings Limited, AbbVie (Gibraltar) Holdings Limited Luxembourg S.C.S., AbbVie (Gibraltar) Limited, AbbVie (Pty) Ltd., AbbVie A/S, AbbVie AB, AbbVie AG, AbbVie AS, AbbVie Australasia Holdings Limited, AbbVie B.V., AbbVie Bahamas Ltd., AbbVie Biofarmacevtska družba d.o.o., AbbVie Biopharmaceuticals GmbH, AbbVie Biopharmaceuticals LLC, AbbVie Biopharmaceuticals Ltd., AbbVie Bioresearch Center Inc., AbbVie Biotech Ventures Inc., AbbVie Biotechnology GmbH, AbbVie Biotechnology Ltd, AbbVie Biotherapeutics Inc., AbbVie Biotherapeutics Limited, AbbVie Central Finance B.V., AbbVie Corp, AbbVie Corporation, AbbVie Deutschland GmbH & Co. KG, AbbVie EOOD, AbbVie Endocrine Inc., AbbVie Endocrinology Inc., AbbVie Farmacéuticos S.A. de C.V., AbbVie Farmacêutica Ltda., AbbVie Finance B.V., AbbVie Finance Corporation, AbbVie Finance LLC, AbbVie GK, AbbVie GmbH, AbbVie Holdings Corporation, AbbVie Holdings Inc., AbbVie Holdings KK, AbbVie Holdings SAS, AbbVie Holdings Unlimited, AbbVie Holdings s.r.o., AbbVie International S.à r.l., AbbVie Investments Limited, AbbVie Investments S.à r.l., AbbVie Ireland Holdings Limited, AbbVie Ireland NL B.V., AbbVie Ireland Unlimited Company, AbbVie Japan Holdings B.V., AbbVie Kft., AbbVie Komplementär GmbH, AbbVie L.L.C., AbbVie L.da, AbbVie Limited, AbbVie Limited Liability Company, AbbVie Logistics B.V., AbbVie Ltd, AbbVie Ltd., AbbVie Manufacturing Management Limited, AbbVie Nederland Holdings B.V., AbbVie Operations Singapore Pte. Ltd., AbbVie Overseas S.à r.l., AbbVie Oy, AbbVie Participações Ltda., AbbVie Pharmaceutical Trading (Shanghai) Co. Ltd., AbbVie Pharmaceuticals B.V., AbbVie Pharmaceuticals GmbH, AbbVie Pharmaceuticals LLC, AbbVie Pharmaceuticals SCA., AbbVie Pharmaceuticals Societe Anonyme, AbbVie Polska Sp. z o.o., AbbVie Productos Farmacéuticos Limitada, AbbVie Products LLC, AbbVie Promoção L.da, AbbVie Pte. Ltd., AbbVie Pty Ltd, AbbVie Purchasing LLC, AbbVie Real Estate Management GmbH, AbbVie Research B.V., AbbVie Resources Inc., AbbVie Resources International Inc., AbbVie Respiratory LLC, AbbVie S. de R.L., AbbVie S.A., AbbVie S.A., AbbVie S.A.S., AbbVie S.R.L., AbbVie S.r.l., AbbVie S.à r.l., AbbVie SA, AbbVie SAS, AbbVie SIA, AbbVie Sarl, AbbVie Sdn. Bhd., AbbVie Sp. z o.o., AbbVie Spain S.L., AbbVie Stemcentrx LLC, AbbVie Trading S.R.L., AbbVie Trustee Company Limited, AbbVie Tıbbi İlaçlar Sanayi ve Ticaret Limited Şirketi, AbbVie UAB, AbbVie UK Biopharmaceuticals Ltd, AbbVie UK Holdco Limited, AbbVie UK Ltd, AbbVie US Holdings LLC, AbbVie US LLC, AbbVie Venezuela B.V., AbbVie Venezuela Holdings B.V., AbbVie Ventures LLC, AbbVie d.o.o., AbbVie s.r.o., Aeropharm Technology LLC, Allergan, BioDisplay Technologies Inc., Fournier Laboratories Ireland Ltd., Fremont Holding L.L.C., Fundación AbbVie, IEP Pharmaceutical Devices LLC, ImmuVen, KOS Pharmaceuticals Inc., Knoll LLC, Knoll Pharmaceutical Company, Life Properties Inc., Mavupharma, Organics L.L.C., Pharmacyclics (Europe) Limited, Pharmacyclics (Shanghai) Management Consulting Services Limited, Pharmacyclics Cayman Ltd., Pharmacyclics Inc, Pharmacyclics LLC, Pharmacyclics Switzerland GmbH, Rowell Laboratories Inc., S.C. AbbVie S.R.L., Sapphire Merger Sub Inc., Stem CentRx, Stemcentrx Cayman Ltd., Suffolk Merger Sub Inc., and Unimed Pharmaceuticals LLC.
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This page (NYSE:ABBV) was last updated on 12/31/2023 by MarketBeat.com Staff

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