The five-year dividend growth rate is just below 18%. The company issued revenue guidance of -. Projections are based on making fundamental and technical studies of the ABBV stock price performance. The P/E ratio of AbbVie is 23.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.03. Earnings for AbbVie are expected to decrease by -0.55% in the coming year, from $11.00 to $10.94 per share. Move your mouse over a quarter or year to see how estimates have changed over time. In the last two years, Aurora Cannabis's Revenue has fallen from C$245.54M to C$245.25M - a 0.12% decrease. AbbVie is a leader in ESG and sustainability. The Abbvie stock forecast for 2025 had the price at $259.018. Currently, AbbVie sees a significantly higher portion of every dollar end up as cash to do with what they please. This included an unfavourable impact of $0.08 a share related to acquired in-process research and development (IPR&D) and milestones expenses incurred during the March quarter. During the same quarter in the prior year, the firm posted $3.31 EPS. Find the latest AbbVie Inc. (ABBV) stock quote, history, news and other vital information to help you with your stock trading and investing. AbbVie Inc. is a US-based biopharma company with global operations. I have plugged my revenue expectations into this table knowing that they closely match AbbVie management's own expectations based on what they have said in public. The Large Pharma sector performed remarkably well in 2022, with the "Big 8" delivering an average ~15% gain whilst the S&P 500 index fell in value, and the biotech sector was in turmoil. In this post I model AbbVie product sales to 2030 - including pipeline assets - and use discounted cash flow analysis to calculate a present day share price target. View analysts price targets for ABBV or view top-rated stocks among Wall Street analysts. . The stock projection varied from the low price target of $135 to the high of $200. The total revenue in 2021 was $56.20 billion with a 31% operating margin. Factset: FactSet Research Systems Inc.2019. Disclaimer. Payout ratios above 75% are not desirable because they may not be sustainable. Skyrizi has also been approved to treat Crohn's Disease, an added bonus and another multi-billion dollar market. Slide from JPM Conference 2022 presentation. . What that means is, essentially it will be on formulary with biosimilars, but there won't be any difference between the biosimilar and Humira from a co-pay standpoint or any kind of a step editing. Based on our forecasts, a long-term increase is expected, the "ABBV" stock price prognosis for 2028-02-23 is 287.522 USD. The median. AbbVie Oncology Division Forward Revenue Projections (my table and assumtpions). My No. In-depth profiles and analysis for 20,000 public companies. Botox accounts for the bulk of the companys Aesthetics portfolio revenue and about 4% of the net as of 2022. Always do your own research on a stocks price performance and predictions before making an investment. What intrigues here is the possibility of RGX-314, an anti-VEGF gene therapy that Gonzalez believes "has the potential to be a one-time treatment for wet AMD, diabetic retinopathy and other chronic retinal conditions". That same month, the FDA extended the review period for Skyrizi (risankizumab), a treatment drug for moderate to severe Crohns disease in patients aged 16 and older. That certainly won't derail the oncology division however. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! AbbVie has fought off patent challenges against Humira for years longer than expected, and despite losing exclusivity in Europe in 2020, a series of price hikes and market dominance in the US in indications such as Rheumatoid Arthritis ("RA"), Psoriatic Arthritis ("PsA"), Crohn's Disease ("CD"), and Ulcerative Colitis ("UC") - have enabled the drug's sales revenues to keep growing. See what's happening in the market right now with MarketBeat's real-time news feed. Revance Therapeutics gapped up 54.34% on January 9, and built upon those gains in February. You should consider whether you understand how CFDs work and can afford the risks. Based on aggregate information from My MarketBeat watchlists, some companies that other AbbVie investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), Vermilion Energy (VET), AT&T (T), Bristol-Myers Squibb (BMY), Wheaton Precious Metals (WPM), Rogers Communications (RCI) and Open Text (OTEX). I/we have a beneficial long position in the shares of ABBV, BMY either through stock ownership, options, or other derivatives. As such I have downgraded my own growth expectations in the forecasting table above, reducing annual growth from 7.5%, to just 2.5%, after forecasting for $5bn revenues in FY22 - down 7.5% year-on-year. That reflects uncertainty about what the future holds for AbbVie. I am not receiving compensation for it (other than from Seeking Alpha). AbbVie's free cash flow yield is 10.5% compared to 4.3% for Johnson & Johnson . On average, they expect the company's stock price to reach $161.12 in the next twelve months. Their ABBV share price forecasts range from $140.00 to $200.00. Abbvies first quarter 2022 financial results for the quarter ended 31 March revealed that diluted earnings per share (EPS) increased to $2.51 on a generally accepted accounting principles (GAAP) basis, up from $1.99 a year earlier. That is substantially higher than the 12% CAGR achieved between 2018 - 2022, although that period includes the additional revenues from Allergan. Outside of Humira, management does not have to worry about LOEs for any of its other portfolio products before the end of the decade, which is encouraging, however, based on my own projections of how AbbVie will generate its revenues between 2023 and 2030, if management wants to drive a CAGR in the high single digits after 2025, it will need some help from its pipeline - not an area of particular strength for AbbVie. Your current $100 investment may be up to $188.28 in 2028. In the past I have written about the high level of competition between major Pharma in the auto-immune space - for example, for Psoriatic Arthritis the list of approved drugs includes Humira, UCB Pharma's Cimzia, Amgen's Enbrel, Johnson & Johnson's (JNJ) Stelara, Eli Lilly's (LLY) Talzt, Novartis' (NVS) Cosentyx and Bristol-Myers Squibb's (BMY) Orencia. The majority of the biosimilar (more sophisticated versions of generic drugs) imitations of Humira that will contest for market share with the original will launch around the middle of 2023, including versions developed by Pfizer (PFE), Boehringer Ingelheim, Organon (OGN), Biocon, Coherus Biosciences (CHRS) and Sandoz, whilst Amgen's (AMGN) Amjevita is permitted to launch in January. Nevertheless, after applying the discount factor, I calculate a share price target of $151 based on DCF analysis and a slightly higher figure of $168 based on EBITDA analysis. I will conclude this analysis by stating that, based on all available information, market headwinds and tailwinds, competitors, and opportunities via its products and pipeline, I still consider AbbVie to be a strong investment opportunity. RHHBY vs. ABBV: Which Stock Is the Better Value Option? I'm on twitter @edmundingham. Abbvie has a strong pipeline of projects ahead, and has recently received US FDA approval of its ulcerative colitis drug Rinvoq. It is generally accepted however that 2023 will see the entrants into the US market of several generic versions of Humira - which works by inhibiting Tumor Necrosis Factor ("TNF"), an inflammation causing protein - from the likes of Viatris (VTRS), Organon (OGN), Pfizer (PFE), Amgen (AMGN), and several more companies involved in the development and sale of generic or biosimilar drugs. ABBV has several positive factors pushing its price performance. AbbVie product revenues by quarter and year since FY20. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. Investors do not seem to be taking the bait, however, as AbbVie's share price has slipped by >7% across the past month, and >5% across the past 5 days. Excluding items, AbbVie earned $3.31 per share, beating estimates of $3.29 . AbbVie has a PEG Ratio of 3.51. That was below AbbVie stock analysts' view for $14.16. 1 dividend stock for a LIFETIME of income. Let's begin our analysis with the immunology division. At their peak, according to a slide from AbbVie's presentation at the JPMorgan (JPM), these 2 drugs are expected to generate more revenues than Humira at its peak. There are still very few approved therapies, although that could change with Crispr Therapeutics (CRSP) / Vertex (VRTX) Sickle Cell Disease therapy leading the charge in 2023. In February, a Phase 3 induction study saw positive top-line results. Having dived into the numbers however and looked ahead to 2030 through the eyes and guidance of management, my conclusion is that investors can probably buy AbbVie stock at current price with reasonably high hopes of making a decent ROI - perhaps 15 - 20% in the next 12 - 18 months, whilst also benefiting from a generous dividend. Johnson & Johnson Free Cash Flow Forecast for 2023 - 2025 - 2030. American biopharmaceutical company Abbvie (ABBV) has surged nearly 13% year to date (YTD), and 35% year-over-year (YOY), as of 30 June. I am modelling for AbbVie to grow revenues at a compound annual growth rate of ~5% between now and 2030 with growth accelerating in the latter half of the decade. According to 23 major analysts, AbbVie's Fair Value will fall by 5.43% in the next year, reaching $122.98. Price target. I am using a weighted average cost of capital of ~10%, which is broadly consistent with the figure I use when modelling for the other 7 members of what I term the "Big 8" US Pharmas - Johnson & Johnson, Eli Lilly, Pfizer, Merck & Co (MRK), Bristol Myers Squibb, Amgen, and Gilead Sciences (GILD) - which helps prove the accuracy of the calculation. In my last note on AbbVie (NYSE:ABBV) for Seeking Alpha - in early July - I reviewed the Big Pharma's Q1'22 earnings and looked ahead to the release of Q2'22 figures. I am not receiving compensation for it (other than from Seeking Alpha). Aesthetics was propped up by growing sales of Botox - up 12% year-on-year to $678m, but let down by sales of Juvederm, which management put down to lockdown regulations in China, and the "suspension" of operations in Russia. contact@marketbeat.com View analysts price targets for ABBV or view top-rated stocks among Wall Street analysts. All times are ET. According to the Abbvie stock technical analysis, as of 30 June, the Relative Strength Index (RSI) was pointing to neutral at 62.18. z o.o., AbbVie Productos Farmacuticos Limitada, AbbVie Products LLC, AbbVie Promoo L.da, AbbVie Pte. There are currently 9 hold ratings and 7 buy ratings for the stock. What is Richard A. Gonzalez's approval rating as AbbVie's CEO? The company officially IPOd on January 2, 2013; contrary to criticisms, the move was solely to protect the parent company from expiring patents. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABBV, but not buy additional shares or sell existing shares. AbbVie could be the biggest global Pharma by revenue generation in 2028. My detailed modeling suggests there is 15-20% upside to look forward to in the short term and that ABBV stock remains a solid long-term buy opportunity for investors. As well as the stock price gains AbbVie has always paid a handsome dividend - which has increased by 270% since the Pharma's inception, currently paying $1.48 per quarter, for a current yield of 4% - the highest in the large Pharmaceutical sector. The stocks growth marks a significant outperformance over the broader markets. Any company is likely to struggle if sales of its best-selling asset begin to decline by ~20% per annum, which is traditionally the rate at which patent expired drugs' sales slip, but when the drug in question accounts for >35% of a company's sales, as Humira does, the situation becomes even more serious. To see all exchange delays and terms of use please see Barchart's disclaimer. (AbbVie JPM Healthcare conference presentation). The company originated as the bio-pharma segment of Abbott Laboratories and was spun off in late 2012. Trading CFDs is high risk and is not suitable for everyone. What other stocks do shareholders of AbbVie own? The company didn't offer a . The official website for the company is www.abbvie.com. It . The company also successfully completed the acquisition of Syndesi Therapeutics SA in March. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. AbbVie's mailing address is 1 NORTH WAUKEGAN ROAD, NORTH CHICAGO IL, 60064. The company's average rating score is 2.44, and is based on 7 buy ratings, 9 hold ratings, and no sell ratings. There has been a raft of price-moving news for Abbvie, which may positively affect the stock price. 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last year. Date. 67.71% of the stock of AbbVie is held by institutions. The firm earned $15.12 billion during the quarter, compared to the consensus estimate of $15.30 billion. Find me at my marketplace channel, Haggerston BioHealth - model portfolio + 4 exclusive stock tips every week. (NYSE: ABBV) Abbvie's current Earnings Per Share (EPS) is $6.65. The median estimate represents a +5.72% increase from the last price of 156.07. Although management reminded analysts that "Imbruvica continues to be the total market share leader across all lines of therapy in CLL", the outlook does not look especially promising. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. An investment in AbbVie is not without risk, but my contention is that this Pharma is in good hands - CEO Gonzalez has made few mistakes during his near-decade in charge - and will emerge from the Humira LOE a stronger and more diverse company. The development of these 2 drugs has been very quick by drug development standards, and to date both have performed exceptionally well. It pays a dividend yield of 3.83%, putting its dividend yield in the top 25% of dividend-paying stocks. This figure could eventually end up substantially larger - according to Gonzalez: We've begun to see some very exciting data from several solid tumor programs, including our anti-GARP antibody ABBV-151, and our PTK7 ADC, ABBV-647. As we can see the immunology division consists of only 3 assets yet by my calculation, will likely account for 50% of AbbVie's revenues in 2022 (to calculate 2022 sales revenues by product, since we do not yet have final figures, I have used 9m 2022 figures and assumed Q4 revenues will be the average of the previous 3 quarters). View which stocks are hot on social media with MarketBeat's trending stocks report. One of the few pain points AbbVie experienced during a year of portfolio wide growth in 2022 was the decline in the revenue contribution from Imbruvica, approved to treat various types of lymphoma. Get daily stock ideas from top-performing Wall Street analysts. This indicates that AbbVie will be able to sustain or increase its dividend. 16 analysts have issued 12-month price targets for AbbVie's shares. (ABBV) AbbVie Stock Predictions from the Leading Provider of Short and Long Term Stock Price Forecasts. In 2022, the company will most likely boast 12 "blockbuster" (>$1bn per annum) selling assets, driving ~$48bn of revenues between them, with Humira being the only drug that faces a near term patent expiry, whilst AbbVie is promising at least 6 or 7 major new product launches by 2026. As I have mentioned in previous notes, however, the gains owe more to price hikes than sales volumes, and come 2023 and the LOE, even AbbVie admits the blow to revenues will be substantial. As a result I have dropped Imbruvica revenues to just over $3.5bn in 2022 and modelled for a CAGR growth of just 1.5% between then and 2030. psoriatic arthritis at a lower dose, again with a comparable safety profile, and has also won approval in a field where Humira has not, namely Atopic Dermatitis. Most stock quote data provided by BATS. And we remain confident in our ability to achieve total sales of more than $9 billion by 2029. AbbVie (NYSE:ABBV) pays an annual dividend of $5.92 per share and currently has a dividend yield of 3.83%. All Rights Reserved. In other words, no Humira, no problem! $163.64. Forecasts shouldnt be used as a substitute for your own research. AbbVie has a P/B Ratio of 15.97. In my opinion, based on the current portfolio, AbbVie shares look undervalued below $160, but the upside above that price is limited, unless management is able to commercialize more products between now and the end of the decade, in order to achieve what looks like a very ambitious goal in driving high-single-digit revenue growth in the second half of this decade. On the negative side of things, we can see that AbbVie is no longer breaking out sales within its Women's Health division, with revenues lumped into the "all other section, presumably. We now expect global sales for Skyrizi to reach more than $10 billion in 2025, an increase of $2.5 billion versus our previous guidance, reflecting higher performance across basically all of the indications. champion middle school basketball schedule, 69 c10 wheel backspacing,

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