Abbott is an American healthcare company that designs and sells medical devices, products for diagnostics, and nutrition. Learn the latest information and analysis on the company, ABT stock price today, stock news, how much one share costs and other information to help you make investment decisions.
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Abbott was founded by Dr. Wallace C. Abbott, a practicing physician that owned a drug store and created a new approach to extracting the active part of medicinal plants. Abbott opened an affiliate in London in 1907 and later opened one in Montreal, Canada. Abbott India was established in 1944 and remains an important subsidiary and the country’s largest healthcare products company.
Abbott has a quality business with a capital allocation that’s friendly to shareholders and pays stable and consistent dividends. The company’s strong balance sheet makes the stock a great pick in times of uncertainty.
The Abbott stock price of around $100 may be a good entry point for a relatively safe investment, which may be able to bring up to 40% returns in the next 12 months.
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