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Oil climbs, stocks moderately move13 Recession-Proof Stocks for Portfolio SafetyFlat WednesdayThis summary was created by AI, based on 12 opinions in the last 12 months.
Experts have varying opinions on Abbott Labs (ABT-N), with some recommending it as a buy due to its excellent quarter and positive growth potential in the healthcare sector. The company's diversified global healthcare operations, strong dividend history, and success in the medical devices and diagnostics fields have garnered positive feedback. However, there are concerns about its valuation, acquisition-focused approach, and fluctuations in share prices post-earnings reports. Overall, the general sentiment is mixed but leaning towards the positive side.
Pharma is challenged on growth, whereas devices have robust growth. Its device business has grown exceptionally well, between 10-12% organically. Overhang has been unfavourable comparisons from Covid testing. Reasonable valuation for quite a good company. Yield is 2%.
(Analysts’ price target is $123.65)They lost a major court case last Friday and have to pay nearly $500 million in damages over its formula for premature babies. He feels the verdict is an outrage. Their formula saves lives and doctors recommend it.
They report on July 18. The company is doing very well, but they could lose a looming lawsuit. He wouldn't add more shares unless this breaks below $100.
Outlook is fabulous. Recent lawsuits turning out fine. Would buy at $100/share.
Diversified businesses in medical devices, testing technology, pharma, nutrition. Selling off as a result of $60M judgement against competitor's infant formula, worries of contagion. Long-term, it will work out.
Flat over the year. Wonderful product portfolio. Structural driver is heart/cardiac business. Reported yesterday, topline growth 2%. This number is misleading, as cardiac organic growth was 14%, and organic growth outside of diagnostics was 10%. Performing well, growing quite well, reasonable multiple. He'd buy today.
Yes, buy. Almost always they report and the reaction is negative at first, then it recovers. BTW, they had an excellent quarter.
They report Wednesday. Usually, shares climb after the report, then someone finds fault with a single line item, then shares fall. Buy on the dip the next day.
Likes healthcare in general, a larger weight for him. Chart's performing pretty decently relative to the S&P 500. Could give nice returns going forward.
It's fallen so far and pays a good dividend.
Medical devices, generics sold to EMs, nutrition. Lots of money during pandemic, money redeployed into new products. Attractive entry point. Yield is 2%, dividend increased every year.
It is a diversified global health care company with four operating divisions. Sales dropped dramatically after benefiting during Covid but the basic business is doing well with all divisions growing organically. Weight loss patients are using their drugs to monitor glucose. It has had 51 years of dividend increases. Buy 19 Hold 7 Sell 0
(Analysts’ price target is $116.88)Has owned this many years. She likes healthcare because of aging demographics. They made a lot of cash during Covid and have used that cash for M&A and R&D. Pays a nice 2.5% dividend. Has an established track record of raising their dividend annually. Trades at a reasonable PE. Lags healthcare, but still likes ABT.
They beat their quarter due to their medical devices business
Abbott Labs is a American stock, trading under the symbol ABT-N on the New York Stock Exchange (ABT). It is usually referred to as NYSE:ABT or ABT-N
In the last year, 10 stock analysts published opinions about ABT-N. 9 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Abbott Labs.
Abbott Labs was recommended as a Top Pick by on . Read the latest stock experts ratings for Abbott Labs.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
10 stock analysts on Stockchase covered Abbott Labs In the last year. It is a trending stock that is worth watching.
On 2024-09-18, Abbott Labs (ABT-N) stock closed at a price of $114.88.
They're turning around, given their immunotherapy pipeline, and their device and testing businesses are strong.