The shares of AbbVie Inc. (NYSE:ABBV) has been pegged with a rating of Neutral by UBS in its latest research note that was published on January 23rd, 2019. The research company has also assigned a $91 price target. UBS wasn’t the only research firm that published a report of AbbVie Inc., with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on January 3rd, 2019, to Neutral the ABBV stock. The stock had earned Buy rating from Standpoint Research when it published its report on December 26th, 2018. The stock was given Buy rating by SunTrust in its report released on October 22nd, 2018, the day when the price target on the stock was placed at $135. BofA/Merrill was of a view that ABBV is Buy in its latest report on October 4th, 2018 while giving it a price target of $106. Piper Jaffray thinks that ABBV is worth Neutral rating. This was contained in the firm’s report on June 1st, 2018.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 9 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $93.88. The price of the stock the last time has raised by 5.49% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 41.16.
The shares of the company added by 0.20% during the trading session on Tuesday, reaching a low of $78.57 while ending the day at $79.93. During the trading session, a total of 6.34 million shares were traded which represents a 12.85% incline from the average session volume which is 7.28M shares. ABBV had ended its last session trading at 79.77. AbbVie Inc. currently has a market cap of $119.48B, while its P/E ratio stands at 21.49, while its P/E earnings growth sits at 3.65, with a beta of 1.17. ABBV 52-week low price stands at $75.77 while its 52-week high price is $122.00.
The company in its last quarterly report recorded $1.90 earnings per share which is below the $1.94 predicted by most analysts. The AbbVie Inc. generated $8,305.00 million in revenue during the last quarter, which is slightly lower than the $8,375.92 million predicted by analysts. In the second quarter last year, the firm recorded $2.14 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -12.63%. AbbVie Inc. has the potential to record 3.72 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Citigroup published a research note on January 9th, 2019 where it informed investors and clients that Fifth Third Bancorp (NASDAQ:FITB) is now rated as Buy. BofA/Merrill also rated FITB as Downgrade on January 3rd, 2019, with its price target of $90 suggesting that FITB could surge by 9.56% from its current share price. Even though the stock has been trading at $26.61/share, analysts expect it to surge higher by 1.73% to reach $29.93/share. It started the day trading at $27.24 and traded between $26.82 and $27.07 throughout the trading session.
A look at its technical shows that FITB’s 50-day SMA is 25.56 while its 200-day SMA stands at 28.48. The stock has a high of $34.67 for the year while the low is $22.12. The company’s P/E ratio currently sits at 8.68, while the P/B ratio is 1.24. The company’s average trading volume currently stands at 5.90M shares, which means that the short-interest ratio is just 2.96 days. Over the past seven days, the company moved, with its shift of 0.67%. Looking further, the stock has dropped -2.42% over the past 90 days while it lost -7.74% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. T Rowe Price Associates Inc sold more FITB shares, decreasing its portfolio by -9.71% during the last quarter. This move now sees T Rowe Price Associates Inc selling -6,151,308 shares in the last quarter, thus it now holds 57,167,981 shares of FITB, with a total valuation of $1,533,245,250. The Vanguard Group Inc meanwhile sold more FITB shares in the recently filed quarter, changing its stake to $1,468,818,461 worth of shares. SSgA Funds Management Inc followed the path by decreasing its FITB portfolio by -1.17% in the quarter. This means that SSgA Funds Management Inc sold -415,636 shares in the last quarter and now controls 35,174,048 shares of the FITB stock, with the valuation hitting $943,367,967.
Similarly, Invesco Advisers Inc decreased its Fifth Third Bancorp shares by -5.66% during the recently filed quarter. After selling -1,735,047 shares in the last quarter, the firm now controls 28,943,313 shares of Fifth Third Bancorp which are valued at $776,259,655. In the same vein, Sanders Capital LLC increased its Fifth Third Bancorp shares by during the most recent reported quarter. The firm bought 6,653,168 shares during the quarter which increased its stakes to 17,818,885 shares and is now valued at $477,902,496. Following these latest developments, around 0.20% of Fifth Third Bancorp stocks are owned by institutional investors and hedge funds.