Among 23 analysts covering Abbott Labs stock, 17 have a Buy or Strong Buy rating, and four more rate the shares at Hold. The median price target is $125.00, and with shares trading at around $100.90, the upside potential is 23.9%. At the high target of $145.00, the upside potential increases to 43.7%.
Third-quarter revenue is forecast to drop sequentially by about 14.3% to $9.65 billion and to decrease by about 11.7% year over year. Adjusted EPS are forecast at $0.94, down by about 34% sequentially and by 32.9% year over year. For the full 2022 fiscal year, analysts are looking for adjusted EPS of $5.05, down about 3.1%, on revenue of $42.54 billion, down 1.3%.
Abbott Labs stock trades 20.0 times expected 2022 EPS, 21.7 times estimated 2023 earnings of $4.65 and 19.7 times estimated 2024 earnings of $5.12 per share. The stock’s 52-week trading range is $96.67 to $142.60, and the company pays an annual dividend of $1.88 (yield of 1.86%). Total shareholder return for the past 12 months was negative 12.7%.
ASML
Semiconductor manufacturing equipment maker ASML Holding N.V. (NASDAQ: ASML) stock has plunged by more than 50% over the past 12 months, including a slide of 6.5% last Friday. The U.S. ban on exporting advanced chip and chipmaking technology to China has driven the sector’s average share price loss to almost 33% over the past year. For the year to date, the sector has declined by 47%, and ASML has dropped 50%.
Of 32 analysts following the stock, 25 have a Buy or Strong Buy rating and six have Hold ratings. At a share price of around $395.90, the implied upside based on a median price target of about $624.00 is 57.2%. At the high price target of $896.95, the upside potential reaches 126%.
Analysts expect the company to report revenue of $5.29 billion for the September quarter, down by about 9.3% sequentially and 12.9% lower year over year. Adjusted EPS are forecast at $3.36, down 7.1% sequentially and by 31.8% year over year. For the full 2022 fiscal year, analysts anticipate EPS of $13.01, down by about 17.7% year over year, on revenue of $20.19 billion, down 4.7%.
ASML stock trades at around 31.1 times expected 2022 EPS, 21.9 times estimated 2023 EPS of $18.46 and 18.7 times estimated 2024 earnings of $21.67 per share. The stock’s 52-week range is $363.15 to $881.12. The low was posted last week. The company pays an annual dividend of $5.29 per share (yield of 1.4%). Total shareholder return for the past 12 months was negative 49.2%.
Baker Hughes
For every 10 sectors trading lower in the past year, there is one trading higher. That would be energy, which has added almost 45% to its sector average this year. Oilfield services firm Baker Hughes Co. (NASDAQ: BKR) is not doing its part. The stock has dropped about 11.5% of its value over the past 12 months, after touching a new 52-week low late last month.
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