2024-06-18 17:37:24 ET
Summary
- AbbVie's weak stock price performance in the past quarter is in no way an indication of the progress it has made in recent months.
- Turnaround in revenue growth following Humira's patent expiration is now evident and recent acquisitions could bolster growth further.
- EPS trends have improved too, while a stable operating income is also encouraging.
- The market multiples assessed in three ways are also more attractive than not, and the dividend yield isn't bad either.
Since I last wrote about the pharmaceuticals company AbbVie Inc. ( ABBV ) in March, its stock market performance has been underwhelming, with a 3% price decline. This isn't an entirely surprising short-term movement....
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For further details see:
AbbVie: 5 Reasons That Make A Buy Case