The shares of AbbVie Inc. (NYSE:ABBV) has been pegged with a rating of Hold by Argus in its latest research note that was published on March 25th, 2019. Argus wasnâ€™t the only research firm that published a report of AbbVie Inc., with other equities research analysts also giving their opinion on the stock. UBS advised investors in its research note published on January 23rd, 2019, to Neutral the ABBV stock while also putting a $91 price target. The stock had earned Neutral rating from BofA/Merrill when it published its report on January 3rd, 2019. The stock was given Buy rating by Standpoint Research in its report released on December 26th, 2018. SunTrust was of a view that ABBV is Buy in its latest report on October 22nd, 2018 while giving it a price target of $135. BofA/Merrill thinks that ABBV is worth Buy rating. This was contained in the firmâ€™s report on October 4th, 2018 in which the stockâ€™s price target was also moved to $106.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 10 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $92.18. The price of the stock the last time has raised by 6.61% from its Week high price while it is raised higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 46.79.
The shares of the company dipped by -1.21% during the trading session on Friday, reaching a low of $79.84 while ending the day at $80.78. During the trading session, a total of 5.01 million shares were traded which represents a 23.02% incline from the average session volume which is 6.51M shares. ABBV had ended its last session trading at 81.77. AbbVie Inc. currently has a market cap of $119.64B, while its P/E ratio stands at 22.29, while its P/E earnings growth sits at 3.65, with a beta of 1.15. ABBV 52-week low price stands at $75.77 while its 52-week high price is $107.25.
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 firmâ€™s revenue was down by -12.63%. AbbVie Inc. has the potential to record 3.62 EPS for the current fiscal year, according to equities analysts.
Investment analysts at B. Riley FBR published a research note on March 14th, 2019 where it informed investors and clients that Plug Power Inc. (NASDAQ:PLUG) is now rated as Buy. Their price target on the stock stands at $3.50. UBS also rated PLUG as Initiated on January 23rd, 2019, with its price target of $56 suggesting that PLUG could surge by 13.95% from its current share price. Even though the stock has been trading at $2.67/share, analysts expect it to surge higher by -3.00% to reach $3.01/share. It started the day trading at $2.70 and traded between $2.58 and $2.59 throughout the trading session.
A look at its technical shows that PLUGâ€™s 50-day SMA is 2.05 while its 200-day SMA stands at 1.84. At the moment, only of Plug Power Inc. shares were sold short. The companyâ€™s average trading volume currently stands at 4.74M shares, which means that the short-interest ratio is just 8.14 days. Over the past seven days, the company moved, with its shift of -1.52%. Looking further, the stock has raised 75.00% over the past 90 days while it gained 48.85% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors bought more PLUG shares, increasing its portfolio by +7.22% during the last quarter. This move now sees BlackRock Fund Advisors purchasing 977,059 shares in the last quarter, thus it now holds 14,506,528 shares of PLUG, with a total valuation of $34,815,667. The Vanguard Group Inc meanwhile sold more PLUG shares in the recently filed quarter, changing its stake to $16,872,948 worth of shares. Odey Asset Management LLP followed the path by increasing its PLUG portfolio by +11.74% in the quarter. This means that Odey Asset Management LLP bought 576,413 shares in the last quarter and now controls 5,486,413 shares of the PLUG stock, with the valuation hitting $13,167,391.
Similarly, SSgA Funds Management Inc decreased its Plug Power Inc. shares by -4.07% during the recently filed quarter. After selling -174,303 shares in the last quarter, the firm now controls 4,104,233 shares of Plug Power Inc. which are valued at $9,850,159. In the same vein, Northern Trust Investments Inc increased its Plug Power Inc. shares by during the most recent reported quarter. The firm bought 16,140 shares during the quarter which increased its stakes to 2,632,446 shares and is now valued at $6,317,870. Following these latest developments, around 1.00% of Plug Power Inc. stocks are owned by institutional investors and hedge funds.