ABB Ltd (OTCMKTS:ABBNY) Receives Average Rating of “Hold” from Analysts

Shares of ABB Ltd (OTCMKTS:ABBNY) have been assigned a consensus rating of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat reports. Ten investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company.

Several research analysts recently weighed in on the company. Dnb Carnegie upgraded ABB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Royal Bank Of Canada restated a “sector perform” rating on shares of ABB in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of ABB in a research note on Tuesday, September 22nd. Pareto Securities raised ABB from a “hold” rating to a “buy” rating in a research report on Thursday, July 16th. Finally, TD Cowen restated a “hold” rating on shares of ABB in a report on Tuesday, June 30th.

ABB Stock Performance

OTCMKTS:ABBNY opened at $98.38 on Thursday. The company’s 50-day moving average is $98.16 and its two-hundred day moving average is $98.62. ABB has a 1-year low of $67.24 and a 1-year high of $110.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.43 and a quick ratio of 1.08. The firm has a market capitalization of $179.36 billion, a price-to-earnings ratio of 35.52, a PEG ratio of 1.32 and a beta of 1.35.

ABB (OTCMKTS:ABBNY) last announced its quarterly earnings results on Thursday, July 16th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.13). The firm had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.34 billion. ABB had a return on equity of 31.25% and a net margin of 13.86%. Analysts forecast that ABB will post 3.84 EPS for the current year.

Institutional Investors Weigh In On ABB

An institutional investor recently bought a new stake in ABB stock. North Star Asset Management Inc. acquired a new position in ABB Ltd (OTCMKTS:ABBNY) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 2,205 shares of the industrial products company’s stock, valued at approximately $240,000. 1.06% of the stock is currently owned by institutional investors.

ABB Company Profile

ABB Ltd. is a Switzerland-based global technology company that develops electrification, automation and motion solutions for industrial, commercial and utility customers. Its products and systems help organizations improve energy efficiency, operational productivity, reliability and sustainability across a range of applications.

The company’s business activities include electrical distribution and control equipment, low- and medium-voltage products, industrial drives, motors, power-conversion systems, robotics and machine-automation technologies.