Abbott Laboratories (ABT)

Learn everything you need to know about Abbott Laboratories and find links to beginner-friendly guides that show you the best way to invest in it.
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Updated: Nov 22, 2022
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About Abbott Laboratories

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What is Abbott Laboratories?

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Abbott Laboratories is one of the world’s largest healthcare companies. Founded in 1888 and headquartered in Illinois, the company sells medical devices, diagnostics, generic medicines, and nutritional products. Through mergers and acquisitions, Abbot’s is now a multinational operating in 160 countries with more than 100,000 employees, 31 manufacturing sites, and 12 development centres globally. Some of its best-known products include baby formula Similac and nutritional supplement company, Ensure.

How does Abbott Laboratories make money?

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It makes money from selling medical devices, pharmaceuticals, and nutritional products. Abbotts has four operational segments: Medical devices, Nutritionals, diagnostics, and pharmaceutical products. It conducts research and development before selling its products to hospitals, government agencies, pharmacies, and retail consumers worldwide.

What is Abbott Laboratories’ best selling product?

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Medical devices are Abbott Laboratories’ best selling products. Its cardiovascular and neuromodulation products generate the most revenue for the business. In 2021, medical devices accounted for $13.9 billion of its $36.6 billion revenue. Its second biggest driver in revenue is its nutritional products which made $8.2 in 2021.

Who are the key executives at Abbott Laboratories?

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Robert Ford has been at the company since 1996 and became its CEO in 2020. Here are a few other key executives at Abbott Laboratories.

  • Robert Ford. Chief Executive Officer and President
  • Robert E. Funck Jr. Executive Vice President
  • Hubert L. Allen. Executive Vice President
  • Daniel Gesua Sive Salvadori. Executive Vice President of Established Pharmaceuticals & Nutritional Products
  • Andrea F. Wainer. Executive Vice President of Rapid & Molecular Diagnostics
  • Scott Michael Leinenweber. Vice President of Investor Relations
  • James E. Young. Chief Compliance Officer
  • Melissa Brotz. Vice President of Marketing
  • Elaine R. Leavenworth. Chief Marketing & External Affairs Officer
  • Mary K. Moreland. Vice President of Human Resources

Where can I buy shares in Abbott Laboratories?

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You can buy Abbott Laboratories stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.

Are there any other ways to invest in Abbott Laboratories ?

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The simplest way to invest in Abbott Laboratories is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.

Abbott Laboratories is part of the NYSE index, so you can invest in an ETF that tracks that index, or choose a healthcare ETF that lets you own a basket of related stocks from the same industry.

More about the ABT price

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What is the Abbott Laboratories stock price today?

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The ABT stock price today is currently $98.29, as of October 2022. The price of Abbott Laboratories is down 30% in 2022. You can use the live Abbott Laboratories stock chart to track the NYSE:ABT price in real time above or compare the Abbott Laboratories value today to its past performance using the Abbott Laboratories financials tab at the top of this page.

What is the 52-week low for Abbott Laboratories stock?

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The 52-week low for Abbott Laboratories stock is $93.25. ABT stock is currently 5% above the 52-week low.

What is the 52-week high for Abbott Laboratories stock?

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The 52-week high for Abbott Laboratories stock was $142.60. ABT stock is currently 30% below the 52-week high.

What is the stock forecast for Abbott Laboratories?

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The average Abbott Laboratories stock forecast has a price target of $117.90 by the end of 2022. Abbott Laboratories’ latest financial results, the broader economic outlook, and the amount of competition in the industry all influence these forecasts.

It’s best to take analyst forecasts with a grain of salt, but you can use their estimates to help you understand the weight of opinion about a stock.

More stock guides

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FAQs

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Recent Abbott Laboratories news

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Latest Abbott Laboratories price analysis

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Sources & references
Risk disclaimer
Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.