Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for AbbVie Inc (NYSE: ABBV) weakened recently. ABBV’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 5/20/24, AbbVie Inc (NYSE: ABBV) stock declined modestly by -1.1%, closing at $164.56. However, unusually low trading volume at 53% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 2.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ABBV is expected to continue to be a major Value Builder.
AbbVie has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. AbbVie has a neutral Appreciation Score of 52 and a slightly positive Power Rating of 69, producing the High Neutral Value Trend Rating.
Be the first to comment