AbbVie Inc. (ABBV) Given a $66.00 Price Target at BMO Capital Markets

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The stock closing price is now trading upward to its 50 day moving average with change of 9.15%, escalated to its 20 day moving average with figure of 0.42% and above its 200 day moving average with value 29.47%. Americafirst Mgmt Ltd Company, California-based fund reported 16,826 shares. BidaskClub cut AbbVie from a strong-buy rating to a buy rating in a research report on Friday, July 28th. Finally, SunTrust Banks, Inc. reaffirmed a "buy" rating and issued a $95.00 target price on shares of AbbVie in a research report on Wednesday, September 13th. Piper Jaffray Companies reaffirmed a "buy" rating and set a $85.00 price objective on shares of AbbVie in a report on Thursday, August 3rd. Canaccord Genuity maintained the stock with "Buy" rating in Friday, August 7 report. Finally, Goldman Sachs Group, Inc.

According to data from Finviz's Research, The price target set for the stock is $92.67 and this sets up an interesting set of potential movement for the stock. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. The mean target price as estimated by the analysts for the company has been recorded at $26.00. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. 9,066,289 shares of the company were exchanged. The firm's 50-day moving average price is $62.56 and its 200 day moving average price is $62.86.

AbbVie Inc (NYSE:ABBV) has released its earnings report for the third quarter of 2017.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $1.01B. AbbVie had a return on equity of 150.27% and a net margin of 24.77%. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $7 billion. AbbVie's revenue for the quarter was up 8.8% compared to the same quarter past year. On average, analysts expect that AbbVie will post $5.53 earnings per share for the current year. If you are viewing this story on another site, it was illegally stolen and republished in violation of worldwide copyright & trademark laws. BMO Capital Markets downgraded the stock to "Market Perform" rating in Friday, June 10 report. (ABBV) Ex-Dividend Date Scheduled for October 12, 2017" published on October 11, 2017 as well as Seekingalpha.com's news article titled: "AbbVie: "Another Spectacular Quarter From This Dividend Aristocrat" with publication date: "October 28, 2017. This represents a $2.56 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, October 12th. The Return on Investment (ROI) ratio of AbbVie Inc. Institutional investors own 68.43% of the company's stock.

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Chicago Equity Partners Llc increased Costamare Inc (NYSE:CMRE) stake by 217,560 shares to 227,960 valued at $1.67M in 2017Q2. On Friday, May 19 GONZALEZ RICHARD A sold $4.67M worth of AbbVie Inc (NYSE:ABBV) or 71,235 shares. The disclosure for this sale can be found here. In the last ninety days, insiders sold 379,890 shares of company stock worth $27,187,817.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company.

Several hedge funds have recently added to or reduced their stakes in the stock.

Skba Capital Management Llc increased Gilead Sciences Inc (NASDAQ:GILD) stake by 35,900 shares to 142,500 valued at $10.09 million in 2017Q2. Overbrook Management Corp sold 8,981 shares as the company's stock rose 6.17% with the market. (NYSE:ABBV) is 46.81%, 31.50% over the last quarter, and 38.28% for the past six months. Ameriprise Financial Inc. increased its stake in AbbVie by 52.4% in the second quarter. The Franklin Street Advisors Inc holds 215,187 shares with $15.60 million value, up from 191,279 last quarter. Ffcm LLC grew its position in shares of AbbVie by 167.2% during the 2nd quarter. State Street Corp now owns 72,969,530 shares of the company's stock valued at $4,754,696,000 after purchasing an additional 1,696,042 shares during the last quarter. The Skba Capital Management Llc holds 143,325 shares with $10.39M value, down from 307,845 last quarter. The amount will help investors make financial decisions, to compare AbbVie Inc. profitability or the efficiency on various investments. The Company is engaged in the discovery, development, manufacture and sale of a range of pharmaceutical products.

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