AbbVie Inc. (ABBV) Upgraded to Outperform at Cowen and Company

It has underperformed by 14.53% the S&P500.

Brandywine Trust Company decreased Abbvie Inc (ABBV) stake by 26.92% reported in 2017Q2 SEC filing.

AbbVie Inc. (ABBV) stock price rose 44.01 percent over the past one year, while increased 42.05 percent during the past 6 months. Abbvie Inc now has $146.51 billion valuation. The expected ABBV's profit could reach $2.20B giving the stock 16.73 P/E in the case that $1.37 earnings per share is reported. About 53,357 shares traded. AbbVie Inc (NYSE:ABBV) has risen 10.63% since October 12, 2016 and is uptrending. It has underperformed by 6.07% the S&P500. (NYSE:ABBV) is 1.38. The Current Ratio is used by investors to determine whether a company can pay short term and long term debts. Its up 0.01, from 0.99 in 2017Q1. It worsened, as 43 investors sold HRS shares while 198 reduced holdings. 35 funds opened positions while 67 raised stakes. A ratio over 1 indicates that the market is willing to pay more for the shares.

AbbVie Inc. was covered by a number of analysts recently, 4 rated the stock as Buy, 11 rated Hold, 0 rated sell and 0 gave an Underperform. Suntrust Banks has 1.20 million shares. Massachusetts Financial Ma holds 3.77M shares or 0.03% of its portfolio. Tradewinds Mngmt Lc invested in 3 shares or 0% of the stock. (NYSE:KBR). Sg Americas Limited Co stated it has 0% of its portfolio in KBR, Inc. Hotchkis And Wiley Mgmt Ltd Liability has invested 0.28% in KBR, Inc. (NYSE:ABBV) is 0.055998. Earnings Yield helps investors measure the return on investment for a given company. Foster & Motley holds 39,226 shares. Moreover, Systematic Fin Mgmt Lp has 1.48% invested in KBR, Inc. Ardsley Advisory Partners bought a new stake in shares of AbbVie in the 2nd quarter valued at about $544,000. Commonwealth Of Pennsylvania Public School Empls Retrmt reported 0% of its portfolio in KBR, Inc. Thrivent Financial For Lutherans has invested 0% of its portfolio in Harris Corporation (NYSE:HRS). (NYSE:KBR). Price T Rowe Assocs Md has invested 0% of its portfolio in KBR, Inc. (NYSE:ABBV) is 0.030385. (NYSE:KBR) for 263,000 shares. The company has market cap of $6.15 billion. The Firm operates through business divisions, including Technology & Consulting, Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other. The T&C business segment combines KBR technologies, knowledge services and its three specialty consulting brands, Granherne, Energo and GVA, under a single customer-facing global business. Therefore 89% are positive. Jefferies maintained AbbVie Inc (NYSE:ABBV) rating on Friday, July 14. Jefferies has "Buy" rating and $135.0 target. On Tuesday, February 23 the stock rating was upgraded by Citigroup to "Buy". On Monday, October 2 the stock rating was upgraded by Leerink Swann to "Outperform". On Monday, May 2 the stock rating was downgraded by Johnson Rice to "Hold".

Investors sentiment decreased to 0.93 in 2017 Q2. Its up 0.01, from 0.99 in 2017Q1. It improved, as 55 investors sold AbbVie Inc shares while 581 reduced holdings. 138 funds opened positions while 500 raised stakes. Ruggie Capital has invested 0.06% in AbbVie Inc (NYSE:ABBV). Atlantic Tru Grp Incorporated Ltd Company reported 1.21 million shares stake. Gardner Russo & Gardner Limited Liability Co reported 0.01% in AbbVie Inc (NYSE:ABBV). Barnett And holds 0.02% or 500 shares. Symphony Asset Limited Liability Company accumulated 18,284 shares. Ls Invest Advisors Ltd Co owns 0.1% invested in Harris Corporation (NYSE:HRS) for 14,491 shares. Epoch Inv Prns Inc invested in 8.36M shares. Evanson Asset Management Ltd Llc, California-based fund reported 10,637 shares. Foyston Gordon Payne Inc owns 12,275 shares for 0.19% of their portfolio. Intrust State Bank Na owns 2,319 shares. (NYSE:ACC) to report earnings on October, 23. D Scott Neal Inc holds 0.11% in AbbVie Inc (NYSE:ABBV) or 2,153 shares. Hall Laurie J Trustee holds 0% or 52,195 shares in its portfolio.

16 analysts on average are expecting AbbVie Inc.to report earnings of $1.43 per share for the current quarter. Ancora owns 51,481 shares.

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Since May 4, 2017, it had 0 insider purchases, and 5 selling transactions for $18.84 million activity.

More notable recent AbbVie Inc (NYSE:ABBV) news were published by: Fool.com which released: "AbbVie's Fast Becoming a Top Stock to Buy Now" on October 08, 2017, also Seekingalpha.com with their article: "Best Healthcare Stocks: AbbVie" published on October 04, 2017, Seekingalpha.com published: "AbbVie Joins $30 Million Financing Round For Disarm Therapeutics" on September 19, 2017. Eqis Capital Management Inc. now owns 29,983 shares of the company's stock valued at $2,664,000 after acquiring an additional 5,453 shares during the last quarter. CHASE WILLIAM J sold $2.50 million worth of stock or 38,300 shares. $4.67M worth of AbbVie Inc (NYSE:ABBV) was sold by GONZALEZ RICHARD A on Friday, May 19.

Among 9 analysts covering Harris (NYSE:HRS), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 52% are positive.

Analysts await AbbVie Inc (NYSE:ABBV) to report earnings on October, 27. Cowen & Co maintained AbbVie Inc (NYSE:ABBV) rating on Tuesday, September 5. Deutsche Bank upgraded AbbVie Inc (NYSE:ABBV) rating on Thursday, September 28. The stock has "Neutral" rating by JP Morgan on Thursday, September 8. Jefferies has "Buy" rating and $9400 target. The company was maintained on Monday, July 17 by Deutsche Bank.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.4 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. The firm earned "Market Perform" rating on Monday, June 6 by Cowen & Co. Jefferies maintained the stock with "Buy" rating in Thursday, May 25 report. During the same period in the previous year, the business earned $1.26 earnings per share. (ABBV) is 22.56. ABBV has price to earnings growth (PEG) ratio of 1.59 and Forward P/E of 14.13.

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