AbbVie Inc. ( NYSE:ABBV – Free Report ) – Equities research analysts at Zacks Research decreased their Q1 2025 earnings per share (EPS) estimates for shares of AbbVie in a note issued to investors on Wednesday, November 20th. Zacks Research analyst S. Ganoria now anticipates that the company will post earnings per share of $2.62 for the quarter, down from their previous forecast of $2.67. The consensus estimate for AbbVie’s current full-year earnings is $10.95 per share. Zacks Research also issued estimates for AbbVie’s Q2 2025 earnings at $3.02 EPS, Q3 2025 earnings at $3.10 EPS, Q4 2025 earnings at $3.25 EPS, FY2025 earnings at $11.98 EPS, Q3 2026 earnings at $3.54 EPS and FY2026 earnings at $13.27 EPS. Other equities analysts also recently issued research reports about the company. Bank of America lifted their price target on AbbVie from $185.00 to $195.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Guggenheim lifted their target price on AbbVie from $212.00 to $221.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lowered their price target on AbbVie from $210.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, November 13th. BMO Capital Markets dropped their price objective on AbbVie from $228.00 to $208.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company upped their target price on shares of AbbVie to $195.00 and gave the stock a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $203.50. AbbVie Price Performance Shares of NYSE:ABBV opened at $176.94 on Friday. AbbVie has a twelve month low of $137.65 and a twelve month high of $207.32. The stock’s 50 day moving average is $189.47 and its 200-day moving average is $181.04. The company has a quick ratio of 0.54, a current ratio of 0.65 and a debt-to-equity ratio of 9.64. The firm has a market capitalization of $312.68 billion, a price-to-earnings ratio of 61.44, a PEG ratio of 2.03 and a beta of 0.63. AbbVie ( NYSE:ABBV – Get Free Report ) last announced its earnings results on Wednesday, October 30th. The company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.92 by $0.08. The company had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.28 billion. AbbVie had a return on equity of 244.01% and a net margin of 9.22%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.95 EPS. AbbVie Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 15th will be issued a $1.64 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.56 annualized dividend and a dividend yield of 3.71%. This is a boost from AbbVie’s previous quarterly dividend of $1.55. AbbVie’s dividend payout ratio (DPR) is presently 215.28%. Institutional Investors Weigh In On AbbVie Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its holdings in shares of AbbVie by 1,745.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,728,063 shares of the company’s stock worth $933,698,000 after acquiring an additional 4,471,806 shares during the last quarter. Swedbank AB bought a new position in shares of AbbVie during the first quarter valued at about $367,372,000. Price T Rowe Associates Inc. MD increased its holdings in shares of AbbVie by 13.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,744,190 shares of the company’s stock worth $1,956,518,000 after buying an additional 1,291,201 shares during the period. State Street Corp lifted its stake in shares of AbbVie by 1.6% in the 3rd quarter. State Street Corp now owns 79,067,935 shares of the company’s stock valued at $15,614,329,000 after acquiring an additional 1,267,685 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in AbbVie by 12.8% during the 1st quarter. Janus Henderson Group PLC now owns 10,898,246 shares of the company’s stock valued at $1,984,490,000 after acquiring an additional 1,240,434 shares during the period. 70.23% of the stock is currently owned by institutional investors. About AbbVie ( Get Free Report ) AbbVie Inc discovers, develops, manufactures, and sells pharmaceuticals worldwide. The company offers Humira, an injection for autoimmune and intestinal Behçet's diseases, and pyoderma gangrenosum; Skyrizi to treat moderate to severe plaque psoriasis, psoriatic disease, and Crohn's disease; Rinvoq to treat rheumatoid and psoriatic arthritis, ankylosing spondylitis, atopic dermatitis, axial spondyloarthropathy, ulcerative colitis, and Crohn's disease; Imbruvica for the treatment of adult patients with blood cancers; Epkinly to treat lymphoma; Elahere to treat cancer; and Venclexta/Venclyxto to treat blood cancers. Read More Receive News & Ratings for AbbVie Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AbbVie and related companies with MarketBeat.com's FREE daily email newsletter .Washington State Launches ‘Public Health’ Task Force To Address ‘Domestic Violent Extremism’
Mutual of America Capital Management LLC decreased its position in shares of Louisiana-Pacific Co. ( NYSE:LPX – Free Report ) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,805 shares of the building manufacturing company’s stock after selling 2,718 shares during the period. Mutual of America Capital Management LLC’s holdings in Louisiana-Pacific were worth $3,633,000 at the end of the most recent reporting period. A number of other institutional investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC purchased a new stake in shares of Louisiana-Pacific during the second quarter worth about $91,053,000. Marshall Wace LLP increased its holdings in Louisiana-Pacific by 92.4% during the 2nd quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock worth $103,363,000 after purchasing an additional 602,803 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Louisiana-Pacific by 188.3% during the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock worth $36,834,000 after purchasing an additional 292,200 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Louisiana-Pacific by 768.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 270,341 shares of the building manufacturing company’s stock valued at $22,257,000 after purchasing an additional 239,212 shares in the last quarter. Finally, Westwood Holdings Group Inc. purchased a new position in shares of Louisiana-Pacific during the 1st quarter valued at approximately $15,649,000. Institutional investors and hedge funds own 94.73% of the company’s stock. Louisiana-Pacific Trading Up 1.3 % NYSE:LPX opened at $115.92 on Friday. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 2.69 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. Louisiana-Pacific Co. has a 1 year low of $60.27 and a 1 year high of $117.59. The business has a fifty day moving average of $105.73 and a 200-day moving average of $95.76. Louisiana-Pacific Announces Dividend Insider Transactions at Louisiana-Pacific In related news, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the transaction, the director now directly owns 28,638 shares of the company’s stock, valued at $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the sale, the director now directly owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The trade was a 10.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Company insiders own 1.26% of the company’s stock. Analysts Set New Price Targets A number of brokerages recently issued reports on LPX. Truist Financial lifted their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Bank of America boosted their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. The Goldman Sachs Group increased their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.22. Get Our Latest Report on LPX About Louisiana-Pacific ( Free Report ) Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products. See Also Receive News & Ratings for Louisiana-Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific and related companies with MarketBeat.com's FREE daily email newsletter .
Nigerian striker David Okereke scored for Gaziantep in their 3-1 loss to Fenerbahce at the Ulker Stadium Sukru Saracoglu on Monday, Soccernet.ng reports . Fresh off a goal in Gaziantep’s 3-0 win over Basaksehir in their last game, Okereke led the line again for his side in their big Super Lig game at Fenerbahce. Super Eagles right-back Osayi-Samuel was on the starting lineup for Fenerbahce, as coach Jose Mourinho gave him a third consecutive start. The game got off to an exciting start, as Oguz Aydin scored after just three minutes of play. However, the game balanced up eventually, as Gaziantep were pushing for the equalizer. They got it just before the break, as Okereke showed his killer instinct in the box. The Nigerian striker controlled a cross into the box and fired a shot on goal which was saved. But he got to the rebound and poked to ball into the net to make it 1-1 just before the break. https://twitter.com/FootyinTurkiye/status/1863640492426010939 The second half was one way traffic, as Fenerbahce dominated the proceedings and created the better chances. However, they failed to scored until the 78th minute, and this was after Jose Mourinho had introduced four substitutes. Rodrigo Becao scored the second for Fenerbahce in the 78th minute before Edin Dzeko put the final nail in Gaziantep’s coffin with a brilliant strike in the 83rd minute. After 90 minutes, Fenerbahce ran out victorious with a 3-1 win. Meanwhile, Okereke now has three goals in eight Super Lig games.Quebec fiscal update brings $2.1B in new spending, axes tax credit for older workers QUÉBEC — Quebec Finance Minister Eric Girard tabled an economic update on Thursday with $2.1 billion in new spending over five years amid what he described as a stronger-than-expected recovery from last year's economic slowdown. Caroline Plante, The Canadian Press Nov 21, 2024 12:59 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Quebec Finance Minister Eric Girard, right, smiles as he walks in to present a financial update in Quebec City Thursday, Nov. 21, 2024. THE CANADIAN PRESS/Jacques Boissinot QUÉBEC — Quebec Finance Minister Eric Girard tabled an economic update on Thursday with $2.1 billion in new spending over five years amid what he described as a stronger-than-expected recovery from last year's economic slowdown. Girard painted a positive picture of the province's finances despite a projected $11-billion deficit that remains unchanged from March's budget. "Quebec is progressing," he told reporters. "The return of inflation to a low and predictable level, combined with the reduction in interest rates, favours economic recovery in Quebec in 2024 and 2025." He said real GDP growth is expected to be 1.2 per cent in 2024, compared with the 0.6 per cent that was expected. However, spending is also up, with Girard pointing to expenses related to record-breaking flooding this summer and increased health and social services costs. The new spending he announced includes more than $250 million for the forestry sector and $1.2 billion for community development, including $880 million for public transit. The government is also setting aside $250 million to assist flood victims and rebuild infrastructure following post-Tropical Storm Debby, and $208 million to promote access to housing. Girard told reporters the government is still reviewing its spending as it moves toward its goal of balancing the budget by the 2029-30 fiscal year, with more details to be provided in next year's budget. As part of the review, the government decided that Quebecers between the ages of 60 and 64 will no longer be eligible for a tax credit that was introduced in 2012 to encourage older workers to stay in the workforce. Girard said Thursday the average age of retirement in Quebec has risen to 64.7 years in 2023 from just over 61 years in 2011. "For people between the ages of 60 and 64 years old, the historic gap that existed with Ontario has practically disappeared," he said. Nearly 200,000 60- to 64-year-olds are expected to lose out on an average of about $1,000 per year due to the changing eligibility. The government is also clawing back the amount of the credit for higher earners who are 65 and over, beginning at $56,500 in net revenue. Those who make over $81,500 will get no tax credit. These changes are expected to save the government about $200 million per year, said Girard, adding that "people expect us to review measures and eliminate those that are no longer justified." This report by The Canadian Press was first published Nov. 21, 2024. — With files from Morgan Lowrie in Montreal Caroline Plante, The Canadian Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More The Mix Petition by RFK Jr. fan prompts water fluoridation vote by Montreal council Nov 21, 2024 1:33 PM Northvolt says Quebec battery plant will proceed despite bankruptcy filing Nov 21, 2024 1:26 PM S&P/TSX composite index gains more than 350 points, U.S. stock markets also rise Nov 21, 2024 1:24 PM Featured Flyer
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