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Abbott Laboratories (ABT) Downgrade Issued by Wall Street Gurus

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Abbott Laboratories (NYSE:ABT) went down by -0.22% from its latest closing price compared to the recent 1-year high of $142.60. The company’s stock price has collected -2.72% of loss in the last five trading sessions. The Wall Street Journal reported on 01/09/22 that How Reliable Are Covid-19 Rapid Tests for Detecting Omicron?

Is It Worth Investing in Abbott Laboratories (NYSE :ABT) Right Now?

Abbott Laboratories (NYSE:ABT) scored a price-to-earnings ratio above its average ratio, recording 33.33 x from its present earnings ratio. Plus, the 36-month beta value for ABT is at 0.71. Opinions of the stock are interesting as 13 analysts out of 23 who provided ratings for Abbott Laboratories declared the stock was a “buy,” while 5 rated the stock as “overweight,” 3 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $144.24, which is $9.42 above the current price. ABT currently public float of 1.76B and currently shorts hold a 0.55% ratio of that float. Today, the average trading volume of ABT was 5.35M shares.

ABT’s Market Performance

ABT stocks went down by -2.72% for the week, with a monthly jump of 2.06% and a quarterly performance of 15.73%, while its annual performance rate touched 22.03%. The volatility ratio for the week stands at 1.87% while the volatility levels for the past 30 days are set at 1.82% for Abbott Laboratories. The simple moving average for the period of the last 20 days is -1.48% for ABT stocks with a simple moving average of 10.14% for the last 200 days.

Analysts’ Opinion of ABT

Many brokerage firms have already submitted their reports for ABT stocks, with RBC Capital Mkts repeating the rating for ABT by listing it as a “Outperform.” The predicted price for ABT in the upcoming period, according to RBC Capital Mkts is $146 based on the research report published on December 10th of the previous year 2021.

Atlantic Equities, on the other hand, stated in their research note that they expect to see ABT reach a price target of $144. The rating they have provided for ABT stocks is “Overweight” according to the report published on October 27th, 2021.

ABT Trading at 2.61% from the 50-Day Moving Average

After a stumble in the market that brought ABT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.15% of loss for the given period.

Volatility was left at 1.82%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares surge +0.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.91% upper at present.

During the last 5 trading sessions, ABT fell by -2.72%, which changed the moving average for the period of 200-days by +10.81% in comparison to the 20-day moving average, which settled at $137.34. In addition, Abbott Laboratories saw -3.89% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ABT starting from Wainer Andrea F, who sale 3,000 shares at the price of $142.50 back on Dec 27. After this action, Wainer Andrea F now owns 49,782 shares of Abbott Laboratories, valued at $427,500 using the latest closing price.

Wainer Andrea F, the EXECUTIVE VICE PRESIDENT of Abbott Laboratories, sale 13,000 shares at $140.00 during a trade that took place back on Dec 23, which means that Wainer Andrea F is holding 49,782 shares at $1,820,000 based on the most recent closing price.

Stock Fundamentals for ABT

Current profitability levels for the company are sitting at:

  • +15.29 for the present operating margin
  • +50.21 for the gross margin

The net margin for Abbott Laboratories stands at +12.86. The total capital return value is set at 10.24, while invested capital returns managed to touch 8.83. Equity return is now at value 21.50, with 9.90 for asset returns.

Based on Abbott Laboratories (ABT), the company’s capital structure generated 60.67 points at debt to equity in total, while total debt to capital is 37.76. Total debt to assets is 27.42, with long-term debt to equity ratio resting at 59.26. Finally, the long-term debt to capital ratio is 36.89.

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When we switch over and look at the enterprise to sales, we see a ratio of 5.97, with the company’s debt to enterprise value settled at 0.10. The receivables turnover for the company is 5.85 and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.

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